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Quesnay, François

(Encyclopedia)Quesnay, François fräNswäˈ kĕnāˈ [key], 1694–1774, French economist, founder of the physiocratic school. A physician to Louis XV, he did not begin his economic studies until 1756, when he wro...

Black Monday

(Encyclopedia)Black Monday, Oct. 19, 1987, in U.S. history, day of financial panic. The Dow Jones Average fell 508.32 points, a drop of 22.6%, the largest since 1914. The point decline as well as the volume, 604.33...

Schleswig, city, Germany

(Encyclopedia)Schleswig, city (1994 pop. 26,857), Schleswig-Holstein, N Germany, on the Schlei, an inlet of the Baltic Sea. The city's economy is based on the production of food products and leather and on fishing....

Roscommon, county, Republic of Ireland

(Encyclopedia)Roscommon rŏskŏmˈən [key], county (1991 pop. 51,876), 951 sq mi (2,463 sq km), central Republic of Ireland. The county seat is Roscommon. A part of the central plain of Ireland, the region is low-...

Say, Jean Baptiste

(Encyclopedia)Say, Jean Baptiste zhäN bätēstˈ sā [key], 1767–1832, French economist. In A Treatise on Political Economy (1803, tr. from the 4th ed. 1821) he effectively reorganized and popularized the theori...

pier

(Encyclopedia)pier, in engineering, term applied to a mass of reinforced concrete or masonry supporting a large structure, such as a bridge. When piers are built on ground of poor bearing value, it is often necessa...

San Luis Obispo

(Encyclopedia)San Luis Obispo săn lo͞oˈĭs ōbĭsˈpō [key], city (1990 pop. 41,958), seat of San Luis Obispo co., S Calif., near San Luis Obispo Bay; inc. 1856. Printing and publishing, machinery, medical good...

Resistencia

(Encyclopedia)Resistencia rāsēstānˈsyä [key], city (1991 pop. 291,083), capital of Chaco prov., NE Argentina. It is the nucleus of an area of frontier settlements extending into the sparsely inhabited northwes...

Simkhovitch, Mary Kingsbury

(Encyclopedia)Simkhovitch, Mary Kingsbury sĭmkōˈvĭch [key], 1867–1951, American social worker, b. Chestnut Hill, Mass., grad. Boston Univ., 1890. After further study at Radcliffe, Columbia, and the Univ. of B...

economic planning

(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...