Columbia Encyclopedia

(Encyclopedia) economic planning, control and direction of economic activity by a central public authority. In its modern usage, economic planning tends to be pitted against the laissez-faire philosophy which develo...

(Encyclopedia) Carnegie, Andrew kärnĕgˈē, kärˈnəgē [key], 1835–1919, American industrialist and philanthropist, b. Dunfermline, Scotland. His father, a weaver, found it increasingly difficult to get work i...

(Encyclopedia) hotel [Fr., from O.Fr. (origin of Eng. hostel), from Latin (origin of Eng. hospital),=guest place], name applied since the late 17th cent. to an establishment supplying both food and lodging to the pu...

(Encyclopedia) balance of trade, relation between the merchandise exports and imports of a country. The concept first became important in the 16th and 17th cent. with the growth of mercantilism. Mercantilist theoris...

(Encyclopedia) Baldwin, James, 1924–87, American author, b. New York City. He spent an impoverished boyhood in Harlem, became a Pentecostal preacher at 14, and left the church three years later. He moved to Paris ...

(Encyclopedia) South Sea Bubble, popular name in England for the speculation in the South Sea Company, which failed disastrously in 1720. The company was formed in 1711 by Robert Harley, who needed allies to carry t...

(Encyclopedia) Galbraith, John Kenneth gălˈbrāth [key], 1908–2006, American economist and public official, b. Ontario, Canada, grad. Univ. of Toronto (B.S., 1931), Univ. of California, Berkeley (M.S., 1933; Ph....

(Encyclopedia) Heath, Sir Edward Richard George, 1916–2005, British statesman. Educated at Oxford, he served in the Royal Artillery during World War II, rising to the rank of colonel. He was elected to Parliament ...

(Encyclopedia) wild rice, tall aquatic plant (Zizania aquatica) of the family Poaceae (grass family), of a genus separate from common rice (Oryza). Wild rice (called also Canada rice, Indian rice, and water oats) is...

(Encyclopedia) oil industry, the business of discovering oil (petroleum), extracting it from the ground, refining it into a variety of products, and distributing it to the public. The development of the oil industry...