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Concept information

Preferred term

binary economics  

Definition(s)

  • Binary economics offers a conception of economics that is foundationally distinct from classical, neoclassical, Keynesian, and socialist economics, usually employed by government, private enterprise, eleemosynary institutions, and individuals to formulate and evaluate economic policy. Binary economics specifically offers a distinct explanation for the persistence of unutilized productive capacity, the persistence of poverty, and suboptimal growth. [Source: Encyclopedia of Law & Society: American and Global Perspectives; Binary Economics]

Belongs to group

URI

http://data.loterre.fr/ark:/67375/N9J-N02V1284-T

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