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THREE-SECTOR INJECTIONS-LEAKAGES MODEL: A model used to identify equilibrium in Keynesian economics based on injections (investment and government purchases) and leakages (saving and taxes) for the three domestic sectors (household, business, and government). Equilibrium is achieved at the intersection of the saving and tax line, S + T, and the investment and government purchases line, I + G.
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SEVENTH RULE OF COMPLEXITY The seventh of seven basic rules of the economy, stating that every action in the complex world has direct and often intended consequences combined with indirect and probably unintended effects.
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PINK FADFLY
[What's This?]
Today, you are likely to spend a great deal of time at an auction wanting to buy either storage boxes for your winter clothes or several magazines on time travel. Be on the lookout for celebrities who speak directly to you through your television.
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There were no banks in colonial America before the U.S. Revolutionary War. Anyone seeking a loan did so from another individual.
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"The human race has only one really effective weapon and that is laughter." -- Mark Twain
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JFE
Journal of Financial Economics
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