(Encyclopedia) Burns, Otway, c.1775–1850, American privateer, b. Onslow co., N.C. At the outbreak of the War of 1812, he outfitted the Baltimore clipper Snap-Dragon as a privateer and began one of…
(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…
(Encyclopedia) installment buying and selling, buying and selling of goods on credit, with the stipulation that payments shall be made at specified intervals in set amounts. The goods may be used by…
(Encyclopedia) Tooke, Thomas, 1774–1858, British economist, b. St. Petersburg, Russia. A successful businessman, he began to speak on behalf of free trade before Parliamentary committees and was one…
(Encyclopedia) Bent, William, 1809–69, American frontiersman, b. St. Louis. One of the younger brothers of Charles Bent, he was for many years the manager of Bent's Fort, while Charles Bent lived…
(Encyclopedia) Case, Karl Edwin, American economist, b. New York City, 1946, Ph.D. Harvard, 1976. As a professor at Wellesley College (1976–2010), Case focused on urban economics, real estate markets…
(Encyclopedia) rebate, partial refund of the total price paid for goods or services. In the United States, rebates were historically given by railroads to favored shippers as a return on…
(Encyclopedia) cost of living, amount of money needed to buy the goods and services necessary to maintain a specified standard of living. The cost of living is closely tied to rates of inflation and…
(Encyclopedia) Veblen, ThorsteinVeblen, Thorsteinthôrˈstīn vĕbˈlən [key], 1857–1929, American economist and social critic, b. Cato Township, Wis. Of Norwegian parentage, he spent his first 17 years…
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