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A Glossary of Political Economy Terms
copyright © 1994-2005 Paul M. Johnson

Department of Political Science, 7080 Haley Center, Auburn University, Auburn, AL 36849

From: << http://www.auburn.edu/~johnspm/gloss/>> Full text at the link
An online edition of A Glossary of Political Economy Terms by
Dr. Paul M. Johnson of Auburn University.

These terms are defined here:
Aggregate demand / Aggregate supply / Banking / Budget / Budget deficit / Budget surplus / Business cycle / Capital / Capitalism / Checks and balances / Communism / Cost / Demand, law of / Discount rate / Economics / Federal Reserve System / Fiscal policy / Gross Domestic Product (GDP) / Human capital / Inflation / Laissez-faire / Libertarianism / Monetary policy / Separation of powers / Supply, law of

A

* Absolute advantage
* Acquittal
* Agency problem
* Aggregate demand (local link)
* Aggregate supply (local link)
* Allocation
* Anarchism
* Appropriation bill
* Aristocracy
* Authorization bill
* Autocracy

B

* Banking (local link)
* Barriers to entry
* Barter
* Bill, appropriation
* Bill, authorization
* Black market
* Budget (local link)
* Budget deficit (local link)
* Budget surplus (local link)
* Bureaucracy
* Bureaucratic politics
* Business cycle (local link)

C

* Cabinet
* Capital (local link)
* Capitalism (local link)
* Captured agency
* Cartel
* Ceteris paribus
* Checks and balances (local link)
* Civil rights/civil liberties
* Commerce clause
* Common law
* Communism (local link)
* Comparative advantage
* Competition
* Complementary goods
* Confederation
* Conservatism
* Constituent
* Contract
* Conviction
* Corporation
* Cost (local link)
* Cost, opportunity
* Coup d'etat

D

* Deficit, budget
* Deflation
* Demand
* Demand, law of (local link)
* Demand curve
* Demand schedule
* Demerit good
* Democracy
* Depression
* Derived demand
* Dictatorship
* Diminishing returns, law of
* Discount rate (local link)
* Division of labor

E

* Economic growth
* Economics (local link)
* Efficiency
* Egalitarianism
* Elasticity
* Elite (Elitist) theory
* Empire
* Entitlement program
* Entrepreneur, entrepreneurship
* Externality

F

* Faction
* Factors of production (local link)
* Fascism
* Federal Reserve system (local link)
* Federation
* Fiscal policy (local link)
* Free rider
* Free trade

G

* Gross Domestic Product (GDP) (local link)
* Gross National Product (GNP)
* Growth theory

H

* Human capital (local link)
* Hyperinflation

I

* Ideology
* Impoundment
* Incentive
* Incrementalism (Incrementalist decision-making)
* Incumbent
* Inflation (local link)
* Interest group
* Interest rate(s)
* Investment
* Iron triangles

J

* Judicial activism
* Judicial restraint
* Judicial review

L

* Labor
* Laissez-faire (local link)
* Land
* Law of demand
* Law of diminishing returns
* Law of supply
* Left-wing, leftist
* Legitimacy
* Liberalism
* Libertarianism (local link)
* Limited liability corporation
* Line-item veto
* Logrolling

M

* Macroeconomics
* Marginal analysis
* Marginal productivity
* Market
* Market economy
* Merit good
* Microeconomics
* Monarchy
* Monetary policy (local link)
* Money
* Money stock
* Monopoly
* Monopsony

N

* Nation
* Nation state
* National debt
* Nationalism
* Nationalization
* Natural monopoly

O

* Oligarchy
* Open market operations
* Opportunity cost
* Optimum
* Organizational process models of decision-making

P

* Phillips curve
* Pluralist theory
* Political business cycle
* Political economy
* Political party
* Political science
* Popular sovereignty
* Populism
* Pork-barrel legislation
* Pressure group
* Price controls
* Private enterprise
* Private property rights
* Private sector
* Productivity
* Profit
* Progressive tax
* Propaganda
* Property rights
* Protectionism
* Public goods
* Public sector

R

* Rational-comprehensive decision-making
* Reaganomics
* Recession
* Regressive tax
* Referendum
* Rent
* Rent-seeking behavior
* Republic
* Reserve requirement
* Resources
* Right-to-work laws
* Right-wing, rightist

S

* Savings
* Scarcity
* Seniority (of a US representative or senator)
* Separation Of Powers (local link)
* Sequestration
* Socialism
* Specialization
* Stare decisis
* State
* Subsidy
* Substitute goods
* Supply
* Supply, law of
* Supply curve
* Supply schedule
* Supply side economics
* Surplus, budget
* Systems theory models of decision-making

T

* Tariff
* Tax, taxation
* Theocracy
* Tort
* Totalitarianism
* Trade-off
* Transaction costs
* Transfer payment

U

* Unemployment
* Unemployment rate
* Utility

V

* Veto
* Veto, line-item

W

* Welfare state