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EUROPEAN CENTRAL BANK: The central bank for the European Union and Economic and Monetary Union this is charged with monitoring monetary policy and introducing euros into circulation (beginning in 2002). The European Central Bank has a comparable, but perhaps somewhat less powerful, role as the Federal Reserve Board of Governors in the United States. It is took over for the European Monetary Institute in 1998 and is the executive body of the European System of Central Banks.
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SIXTH RULE OF IGNORANCE The sixth of seven basic rules of the economy, stating that obtaining information is a costly activity that requires resources with alternative uses. As such, no one knows everything and everyone is ignorant about something.
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PINK FADFLY
[What's This?]
Today, you are likely to spend a great deal of time at the confiscated property police auction seeking to buy either a small, foam rubber football or an instructional DVD on learning to the play the oboe. Be on the lookout for strangers with large satchels of used undergarments.
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This isn't me! What am I?
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In the late 1800s and early 1900s, almost 2 million children were employed as factory workers.
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"Success is going from failure to failure without a loss of enthusiasm. " -- Winston Churchill, British statesman
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JPUBE
Journal of Public Economics
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