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Frugal
Frugality is the quality of being frugal, sparing, thrifty, prudent, or economical in the consumption of resources such as food, time or money, and avoiding waste, lavishness or extravagance. In behavioral science, frugality has been defined as the tendency to acquire goods and services in a restrained manner, and resourceful use of already-owned economic goods and services, to achieve a longer term goal. Strategies Common techniques of frugality include reduction of waste, curbing costly habits, suppressing instant gratification by means of fiscal self-restraint, seeking efficiency (economics), efficiency, avoiding traps, defying expensive social norms, detecting and avoiding Psychological manipulation, manipulative advertising, embracing cost-free options, using barter, and staying well-informed about local circumstances and both market and product/service realities. Frugality may contribute to health by leading people to avoid products that are both expensive and unhealthy w ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Thorstein Veblen
Thorstein Bunde Veblen (; July 30, 1857 – August 3, 1929) was an American Economics, economist and Sociology, sociologist who, during his lifetime, emerged as a well-known Criticism of capitalism, critic of capitalism. In his best-known book, ''The Theory of the Leisure Class'' (1899), Veblen coined the concepts of ''conspicuous consumption'' and ''conspicuous leisure''. Veblen laid the foundation for the perspective of institutional economics. Contemporary economists still theorize Veblen's distinction between "institutions" and "technology", known as the Veblenian dichotomy. As a leading intellectual of the Progressive Era in the US, Veblen attacked production for profit. His emphasis on conspicuous consumption greatly influenced economists who engaged in non-Marxism, Marxist critiques of fascism, capitalism, and technological determinism. Biography Early life and family background Veblen was born on July 30, 1857, in Cato, Wisconsin, Cato, Wisconsin, to Norwegian American ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
The Theory Of The Leisure Class
''The Theory of the Leisure Class: An Economic Study of Institutions'' (1899), by Thorstein Veblen, is a treatise of economics and sociology, and a critique of conspicuous consumption as a function of social class and of consumerism, which are social activities derived from the social stratification of people and the division of labor; the social institutions of the feudal period (9th–15th c.) that have continued to the Modern history, modern era.Bain, Jonathan. 2008.Thorstein Veblen (1857-1929) 'Conspicuous Leisure'" Social Philosophy (Spring 2008) [PL 2044]. Polytechnic Institute of New York University. Retrieved 2021 May 11. Veblen discusses how the pursuit and the possession of wealth affects human behavior, that the contemporary Feudal land tenure, lords of the manor, the businessmen who own the means of production, have employed themselves in the economically unproductive practices of conspicuous consumption and conspicuous leisure, which are useless activities that cont ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Texaco
Texaco, Inc. ("The Texas Company") is an American Petroleum, oil brand owned and operated by Chevron Corporation. Its flagship product is its Gasoline, fuel "Texaco with Techron". It also owned the Havoline motor oil brand. Texaco was an Independent business, independent company until its refining operations merged into Chevron in 2001, at which time most of its station franchises were divested to Shell plc through Shell USA, its American division. It was one of the first gas stations to exist. Texaco began as the "Texas Fuel Company", founded in 1902 in Beaumont, Texas, by Joseph S. Cullinan, Thomas J. Donoghue, and Arnold Schlaet upon the discovery of oil at Spindletop. The Texas Fuel Company was not set up to drill wells or to produce crude oil. To accomplish this, Cullinan organized the Producers Oil Company in 1902, as a group of investors affiliated with The Texas Fuel Company. Men such as John W. ("Bet A Million") Gates invested in "certificates of interest" to an amount of ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
World War II
World War II or the Second World War (1 September 1939 – 2 September 1945) was a World war, global conflict between two coalitions: the Allies of World War II, Allies and the Axis powers. World War II by country, Nearly all of the world's countries participated, with many nations mobilising all resources in pursuit of total war. Tanks in World War II, Tanks and Air warfare of World War II, aircraft played major roles, enabling the strategic bombing of cities and delivery of the Atomic bombings of Hiroshima and Nagasaki, first and only nuclear weapons ever used in war. World War II is the List of wars by death toll, deadliest conflict in history, causing World War II casualties, the death of 70 to 85 million people, more than half of whom were civilians. Millions died in genocides, including the Holocaust, and by massacres, starvation, and disease. After the Allied victory, Allied-occupied Germany, Germany, Allied-occupied Austria, Austria, Occupation of Japan, Japan, a ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
American Society
The society of the United States is based on Western culture, and has been developing since long before the United States became a country with its own unique social and cultural characteristics such as American English, dialect, Music of the United States, music, Visual art of the United States, arts, social habits, Cuisine of the United States, cuisine, and folklore of the United States, folklore. Today, the United States is a racially and ethnically Multiculturalism, diverse country as a result of large-scale immigration from many countries throughout its history. Its chief early influences came from English and Irish settlers of colonial America. Culture of the United Kingdom, British culture, due to Colonial history of the United States, colonial ties with Britain that spread the English language, English law, legal system, and other cultural inheritances, had a formative influence. Other important influences came from other parts of Europe. The United States has often be ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Austerity
In economic policy, austerity is a set of Political economy, political-economic policies that aim to reduce government budget deficits through Government spending, spending cuts, tax increases, or a combination of both. There are three primary types of austerity measures: higher taxes to fund spending, raising taxes while cutting spending, and lower taxes and lower government spending. Austerity measures are often used by governments that find it difficult to Government debt, borrow or meet their existing obligations to pay back loans. The measures are meant to reduce the budget deficit by bringing government revenues closer to expenditures. Proponents of these measures state that this reduces the amount of borrowing required and may also demonstrate a government's fiscal discipline to creditors and credit rating agencies and make borrowing easier and cheaper as a result. In most macroeconomic models, austerity policies which reduce government spending lead to increased unem ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Stuart Chase
Stuart Chase (March 8, 1888 – November 16, 1985) was an American economist, social theorist, and writer. His writings covered topics as diverse as general semantics General semantics is a school of thought that incorporates philosophy, philosophic and science, scientific aspects. Although it does not stand on its own as a separate list of schools of philosophy, school of philosophy, a separate science, or ... and physical economy. His thought was shaped by Henry George (1839-1897), by economic philosopher Thorstein Veblen (1857-1929), by Fabian Society, Fabian socialism, and briefly by the Communist social and educational experiments in the History of the Soviet Union (1927–1953), Soviet Union to around 1930, though Chase was broadly a modern liberalism in the United States, modern American liberal. Chase spent his early political career supporting "a wide range of reform causes: the single tax, Women's suffrage in the United States, women's suffrage, birth control and soc ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Great Depression
The Great Depression was a severe global economic downturn from 1929 to 1939. The period was characterized by high rates of unemployment and poverty, drastic reductions in industrial production and international trade, and widespread bank and business failures around the world. The economic contagion began in 1929 in the United States, the largest economy in the world, with the devastating Wall Street stock market crash of October 1929 often considered the beginning of the Depression. Among the countries with the most unemployed were the U.S., the United Kingdom, and Weimar Republic, Germany. The Depression was preceded by a period of industrial growth and social development known as the "Roaring Twenties". Much of the profit generated by the boom was invested in speculation, such as on the stock market, contributing to growing Wealth inequality in the United States, wealth inequality. Banks were subject to laissez-faire, minimal regulation, resulting in loose lending and wides ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Troop
A troop is a military sub-subunit, originally a small formation of cavalry, subordinate to a squadron. In many armies a troop is the equivalent element to the infantry section or platoon. Exceptions are the US Cavalry and the King's Troop Royal Horse Artillery where a troop is a subunit comparable to an infantry company or artillery battery. Historically the remainder of the Royal Horse Artillery used the term ''troop'' in the same manner but they eventually aligned with the rest of the Royal Regiment of Artillery in referring to troops as subordinate to artillery batteries. ''Troops'' is often used to refer to the other members of one's company or cause, but because of its military connotations, it conveys a particularly altruistic type of dedicated worker. Traditionally, ''troops'' refers to the soldiers in a military. A cavalry soldier of private rank is called a " trooper" in many Commonwealth armies (abbreviated "Tpr", not to be confused with "trouper"). A re ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Rationing
Rationing is the controlled distribution (marketing), distribution of scarcity, scarce resources, goods, services, or an artificial restriction of demand. Rationing controls the size of the ration, which is one's allowed portion of the resources being distributed on a particular day or at a particular time. There are many forms of rationing, although rationing by price is most prevalent. Rationing is often done to keep price below the market clearing, market-clearing price determined by the process of supply and demand in an free market, unfettered market. Thus, rationing can be complementary to incomes policies, price controls. An example of rationing in the face of rising prices took place in the various countries where there was rationing of gasoline during the 1973 energy crisis. A reason for setting the price lower than would clear the market may be that there is a high input , which would drive the market price very high. High prices, especially in the case of necessitie ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Stanley Hauerwas
Stanley Martin Hauerwas (; born July 24, 1940) is an American Protestant theologian, ethicist, and public intellectual. Hauerwas originally taught at the University of Notre Dame before moving to Duke University. Hauerwas was a longtime professor at Duke, serving as the Gilbert T. Rowe Professor of Theological Ethics at Duke Divinity School with a joint appointment at the Duke University School of Law. In the fall of 2014, he also assumed a chair in theological ethics at the University of Aberdeen. Hauerwas is considered by many to be one of the world's most influential living theologians and was named "America's Best Theologian" by ''Time'' magazine in 2001. He was also the first American theologian to deliver the prestigious Gifford Lectures at the University of St. Andrews in Scotland in over forty years. His work is frequently read and debated by scholars in fields outside of religion or ethics, such as political philosophy, sociology, history, and literary theory. Hauerwa ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
World War I
World War I or the First World War (28 July 1914 – 11 November 1918), also known as the Great War, was a World war, global conflict between two coalitions: the Allies of World War I, Allies (or Entente) and the Central Powers. Fighting took place mainly in European theatre of World War I, Europe and the Middle Eastern theatre of World War I, Middle East, as well as in parts of African theatre of World War I, Africa and the Asian and Pacific theatre of World War I, Asia-Pacific, and in Europe was characterised by trench warfare; the widespread use of Artillery of World War I, artillery, machine guns, and Chemical weapons in World War I, chemical weapons (gas); and the introductions of Tanks in World War I, tanks and Aviation in World War I, aircraft. World War I was one of the List of wars by death toll, deadliest conflicts in history, resulting in an estimated World War I casualties, 10 million military dead and more than 20 million wounded, plus some 10 million civilian de ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
