(Encyclopedia) philanthropy, the spirit of active goodwill toward others as demonstrated in efforts to promote their welfare. The term is often used interchangeably with charity. Every year vast sums…
(Encyclopedia) Galiani, FerdinandoGaliani, Ferdinandofārdēnänˈdō gälyäˈnē [key], 1728–87, Italian economist, educated for the church. As a very young man he wrote Della moneta [on money] (1750),…
(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…
(Encyclopedia) Sutton, Willie (William Francis Sutton, Jr.), 1901–80, American bank robber, b. Brooklyn, N.Y. Sutton, who committed his first serious crime at age 9, robbed his first bank in 1927,…
(Encyclopedia) price, amount of money for which a unit of goods or services is exchanged. Price is equivalent to market value and may or may not measure the intrinsic value of the goods or services…
(Encyclopedia) compulsive gambling or pathological gambling, a psychological disorder characterized by a persistent inability to resist the impulse to gamble. The disorder is progressive and…
(Encyclopedia) black market, the selling or buying of commodities at prices above the legal ceiling or beyond the amount allotted to a customer in countries that have placed restrictions on sales and…
(Encyclopedia) dole, distribution to the poor, usually of food or money. In medieval times doles were usually from bequests of money or land, and the income was given to charity or distributed to the…
(Encyclopedia) Harvey, William Hope, 1851–1936, American writer on economics, called Coin Harvey, b. Buffalo, Putnam co., W.Va. He studied at Marshall College, practiced law, and interested himself…
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