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Foundation For Economic Education
The Foundation for Economic Education (FEE) is an American Conservatism in the United States, conservative, Libertarianism in the United States, libertarian economics, economic think tank. Founded in 1946 in New York City, FEE is now headquartered in Atlanta, Atlanta, Georgia. It is a member of the State Policy Network. FEE offers publications, lectures, and student workshops promoting free market principles. Views FEE states that its mission is to promote principles of "individual liberty, Free market, free-market economics, entrepreneurship, private property, high moral character, and limited government." Friedrich Hayek described FEE's goal as "nothing more nor less than the defense of our civilization against intellectual error." History FEE, founded in 1946, is considered the oldest free-market think tank in the United States. An early aim was to roll back policies of the New Deal. FEE opposed the Marshall Plan, Social Security (United States), Social Security, and Minimum ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Free Market
In economics, a free market is an economic market (economics), system in which the prices of goods and services are determined by supply and demand expressed by sellers and buyers. Such markets, as modeled, operate without the intervention of Forms of government, government or any other external authority. Proponents of the free market as a normative ideal contrast it with a regulated market, in which a government intervenes in supply and demand by means of various methods such as taxes or regulations. In an idealized free market economy, prices for goods and services are set solely by the bids and offers of the participants. Scholars contrast the concept of a free market with the concept of a Coordinated market economy, coordinated market in fields of study such as political economy, new institutional economics, economic sociology, and political science. All of these fields emphasize the importance in currently existing market systems of rule-making institutions external to th ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Leo Wolman
Leo Wolman (February 24, 1890 – October 2, 1961) was a noted American economist whose work focused on labor economics. He also served on a number of important boards and commissions for the federal government. Early life Wolman was born in Baltimore, Maryland, in 1890 to Morris and Yetta (Wachsman) Wolman, first generation Polish-Jewish immigrants to the United States."Dr. Leo Woman, Economist, Dies." ''New York Times.'' October 3, 1961. He attended Johns Hopkins University, receiving his A.B. degree in 1911 and his Ph.D. in political economy in 1913. After receiving his doctorate, Wolman worked as a special agent for the Commission on Industrial Relations, a U.S. federal government commission which investigated industrial working conditions in the United States from 1912 to 1915. Returning to academia after the Commission ended its work, he taught at Hobart College, Johns Hopkins University, and the University of Michigan. After the United States entered World War I in 19 ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
General Motors Corporation
General Motors Company (GM) is an American multinational automotive manufacturing company headquartered in Detroit, Michigan, United States. The company is most known for owning and manufacturing four automobile brands: Chevrolet, Buick, GMC, and Cadillac, each a separate division of GM. By total sales, it has continuously been the largest automaker in the United States, and was the largest in the world for 77 years before losing the top spot to Toyota in 2008. General Motors operates manufacturing plants in eight countries. In addition to its four core brands, GM also holds interests in Chinese brands Baojun and Wuling via SAIC-GM-Wuling Automobile. GM further owns a namesake defense vehicles division which produces military vehicles for the United States government and military, the vehicle safety, security, and information services provider OnStar, the auto parts company ACDelco, and a namesake financial lending service. The company originated as a holding company f ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Donaldson Brown
Frank Donaldson Brown (February 1, 1885 – October 2, 1965) was an American financial executive and corporate director with both DuPont and General Motors Corporation. He is the originator of DuPont analysis, a widely used technique in finance. He graduated from Virginia Tech in 1902 with a Bachelor of Science degree in Electrical Engineering. He did graduate studies in engineering at Cornell University Cornell University is a Private university, private Ivy League research university based in Ithaca, New York, United States. The university was co-founded by American philanthropist Ezra Cornell and historian and educator Andrew Dickson W ... and joined DuPont in 1909 as an explosives salesman. In 1912 he came to the attention of DuPont treasurer John J. Raskob, who brought him into the financial activity and encouraged him to use uniform accounting procedures and statistical formulas to evaluate the company's diverse business interests. In 1918 he assisted in ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
New York Times
''The New York Times'' (''NYT'') is an American daily newspaper based in New York City. ''The New York Times'' covers domestic, national, and international news, and publishes opinion pieces, investigative reports, and reviews. As one of the longest-running newspapers in the United States, the ''Times'' serves as one of the country's Newspaper of record, newspapers of record. , ''The New York Times'' had 9.13 million total and 8.83 million online subscribers, both by significant margins the List of newspapers in the United States, highest numbers for any newspaper in the United States; the total also included 296,330 print subscribers, making the ''Times'' the second-largest newspaper by print circulation in the United States, following ''The Wall Street Journal'', also based in New York City. ''The New York Times'' is published by the New York Times Company; since 1896, the company has been chaired by the Ochs-Sulzberger family, whose current chairman and the paper's publ ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Henry Hazlitt
Henry Stuart Hazlitt (; November 28, 1894 – July 9, 1993) was an American journalist, economist, and philosopher known for his advocacy of free markets and classical liberal principles. Over a career spanning more than seven decades, Hazlitt wrote extensively on business, economics, and public policy for prominent publications, including ''The Wall Street Journal'', ''The Nation'', '' The American Mercury'', ''Newsweek'', and ''The New York Times''. He is best known for his 1946 book, '' Economics in One Lesson'', a work grounded in the Austrian school of economics and the importance of individual liberty in economic decision-making. Hazlitt was a strong proponent of sound monetary policy and a vocal critic of inflationary practices and government intervention in markets. As a defender of free enterprise, he drew on the ideas of economists such as Ludwig von Mises and Friedrich Hayek, helping popularize their theories for a general audience. Beyond economics, Hazlitt con ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Los Angeles Chamber Of Commerce
The Los Angeles Area Chamber of Commerce is Southern California's largest not-for-profit business federation, representing the interests of more than 235,000 businesses in L.A. County, more than 1,400 member companies and more than 722,430 employees. History The L.A. Area Chamber's early focus promoted the region's abundance of opportunities in agriculture and international trade. These early members successfully advocated for a deep water port and secured water resources for the city. As Los Angeles matured into a major metropolitan center, the Chamber transitioned its focus into civic and political activities. These activities include International Trade, Education, Environment, Transportation, Advocacy, and Arts and Culture. The Chamber has demonstrated a long-standing leadership role in the Los Angeles community on these issues. Early history Los Angeles experienced dramatic population losses during the late 1880s. 1,000 people each month left the city, which caused the citi ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Minimum Wage
A minimum wage is the lowest remuneration that employers can legally pay their employees—the price floor below which employees may not sell their labor. List of countries by minimum wage, Most countries had introduced minimum wage legislation by the end of the 20th century. Because minimum wages increase the cost of labor, companies often try to avoid minimum wage laws by using gig workers, by moving labor to locations with lower or nonexistent minimum wages, or by Automation, automating job functions. Minimum wage policies can vary significantly between countries or even within a country, with different regions, sectors, or age groups having their own minimum wage rates. These variations are often influenced by factors such as the cost of living, regional economic conditions, and industry-specific factors. The movement for minimum wages was first motivated as a way to stop the exploitation of workers in sweatshops, by employers who were thought to have unfair bargaining power o ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Social Security (United States)
In the United States, Social Security is the commonly used term for the federal Old-Age, Survivors, and Disability Insurance (OASDI) program and is administered by the Social Security Administration (SSA). The Social Security Act was passed in 1935,Social Security Act of 1935 and the existing version of the Act, as amended, 2 USC 7 encompasses several social welfare and social insurance programs. The average monthly Social Security benefit for May 2025 was $1,903. This was raised from $1,783 in 2024. The total cost of the Social Security program for 2022 was $1.244 trillion or about 5.2 percent of U.S. gross domestic product (GDP). In 2025 there have been proposed budget cuts to social security. Social Security is funded primarily through payroll taxes called the Federal Insurance Contributions Act (FICA) or Self Employed Contributions Act (SECA). Wage and salary earnings from covered employment, up to an amount determined by law (see tax rate table), are subject to th ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Marshall Plan
The Marshall Plan (officially the European Recovery Program, ERP) was an American initiative enacted in 1948 to provide foreign aid to Western Europe. The United States transferred $13.3 billion (equivalent to $ in ) in economic recovery programs to Western European economies after the end of World War II in Europe. Replacing an earlier proposal for a Morgenthau Plan, it operated for four years beginning on April 3, 1948, though in 1951, the Marshall Plan was largely replaced by the Mutual Security Act. The goals of the United States were to rebuild war-torn regions, remove trade barriers, modernize Manufacturing, industry, improve European prosperity and prevent the spread of communism. The Marshall Plan proposed the reduction of interstate barriers and the economic integration of the Europe, European Continent while also encouraging an increase in productivity as well as the adoption of modern business procedures. The Marshall Plan aid was divided among the participant sta ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
New Deal
The New Deal was a series of wide-reaching economic, social, and political reforms enacted by President Franklin D. Roosevelt in the United States between 1933 and 1938, in response to the Great Depression in the United States, Great Depression, which had started in 1929. Roosevelt introduced the phrase upon accepting the Democratic Party (United States), Democratic Party's presidential nomination in 1932 before winning the election in a landslide over incumbent Herbert Hoover, whose administration was viewed by many as doing too little to help those affected. Roosevelt believed that the depression was caused by inherent market instability and too little demand per the Keynesian model of economics and that massive government intervention was necessary to stabilize and rationalize the economy. During First 100 days of the Franklin D. Roosevelt presidency, Roosevelt's first hundred days in office in 1933 until 1935, he introduced what historians refer to as the "First New Deal", ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
