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Mun, Thomas

(Encyclopedia)Mun, Thomas mŭn [key], 1571–1641, English writer on economics. A merchant in Italy and the Levant, he became (1615) a director in the East India Company. In his Discourse of Trade from England unto...

most-favored-nation clause

(Encyclopedia)most-favored-nation clause (MFN), provision in a commercial treaty binding the signatories to extend trading benefits equal to those accorded any third state. The clause ensures equal commercial oppor...

caravan

(Encyclopedia)caravan, group of travelers or merchants banded together and organized for mutual assistance and defense while traveling through unsettled or hostile country. Caravan trade is associated with the hist...

Taft-Hartley Labor Act

(Encyclopedia)Taft-Hartley Labor Act, 1947, passed by the U.S. Congress, officially known as the Labor-Management Relations Act. Sponsored by Senator Robert Alphonso Taft and Representative Fred Allan Hartley, the ...

public land

(Encyclopedia)public land, in U.S. history, land owned by the federal government but not reserved for any special purpose, e.g., for a park or a military reservation. Public land is also called land in the public d...

dumping

(Encyclopedia)dumping, selling goods at less than the normal price, usually as exports in international trade. It may be done by a producer, a group of producers, or a nation. Dumping is usually done to drive compe...

data encryption

(Encyclopedia)data encryption, the process of scrambling stored or transmitted information so that it is unintelligible until it is unscrambled by the intended recipient. Historically, data encryption has been used...

Economic Community of West African States

(Encyclopedia)Economic Community of West African States (ECOWAS), organization established in 1975 to increase economic cooperation and development in West Africa. Members include Benin, Burkina Faso, Cape Verde, C...

Dodds, Harold Willis

(Encyclopedia)Dodds, Harold Willis, 1889–1980, American educator, b. Utica, Pa., grad. Grove City College, 1909, M.A. Princeton, 1914, Ph.D. Univ. of Pennsylvania, 1917. He taught economics and political science ...

Álvarez Álvarez, Luis Héctor

(Encyclopedia)Álvarez Álvarez, Luis Héctor, 1919–2016, Mexican political leader and businessman, b. Camargo, Chihuahua state, Mexico. A textile industry executive, he was a member of the conservative National ...