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econometrics

(Encyclopedia)econometrics, technique of economic analysis that expresses economic theory in terms of mathematical relationships and then tests it empirically through statistical research. Econometrics attempts to ...

commercial revolution

(Encyclopedia)commercial revolution, in European history, a fundamental change in the quantity and scope of commerce. In the later Middle Ages steady economic expansion had seen the rise of towns and the advent of ...

Volcker, Paul Adolph

(Encyclopedia)Volcker, Paul Adolph, 1927–2019, American economist, government official, and banker, b. Cape May, N.J. After working as an under secretary in the Treasury Department (1969–74) and as president of...

Jenks, Jeremiah Whipple

(Encyclopedia)Jenks, Jeremiah Whipple, 1856–1929, American economist, b. St. Clair, Mich., grad. Univ. of Michigan, 1878, Ph.D. Univ. of Halle, 1885. He was professor of political economy (1891–1912) at Cornell...

monetarism

(Encyclopedia)monetarism, economic theory that monetary policy, or control of the money supply, is the primary if not sole determinant of a nation's economy. Monetarists believe that management of the money supply ...

Merthyr Tydfil

(Encyclopedia)Merthyr Tydfil mûrˈthər tĭdˈvĭl [key], town (1981 pop. 38,893) and county borough, 43 sq mi (111 sq km), S Wales. Located on the Taff River, the town is connected to Cardiff by canal. It has iro...

Acapulco

(Encyclopedia)Acapulco äkˌəpo͝olˈkō [key], city (2020 pop. 779,566), Guerrero state, S Mexico, on the Pacific coast. A fashionable international seaside resort during much of the ...

Maranhão

(Encyclopedia)Maranhão mərənyouNˈ [key], state (1996 pop. 5,218,442), 126,897 sq mi (328,663 sq km), NE Brazil, on the Atlantic Ocean. The capital is São Luís (also known as Maranhão). Agriculture and livest...

Great Leap Forward

(Encyclopedia)Great Leap Forward, 1957–60, Chinese economic plan aimed at revitalizing all sectors of the economy. Initiated by Mao Zedong, the plan emphasized decentralized, labor-intensive industrialization, ty...

Fort Collins

(Encyclopedia)Fort Collins, city (2020 pop. 169,810), seat of Larimer co., N Colo., on the Cache la Poudre River, at the foot of the Rocky Mts., inc. as a city 1883. ...