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Pyrenees

(Encyclopedia)Pyrenees pĭrˈənēz [key], Span. Pirineos, Fr. Pyrénées, mountain chain of SW Europe, 21,380 sq mi (55,374 sq km), between France and Spain, a formidable barrier between the Iberian Peninsula and ...

econometrics

(Encyclopedia)econometrics, technique of economic analysis that expresses economic theory in terms of mathematical relationships and then tests it empirically through statistical research. Econometrics attempts to ...

commercial revolution

(Encyclopedia)commercial revolution, in European history, a fundamental change in the quantity and scope of commerce. In the later Middle Ages steady economic expansion had seen the rise of towns and the advent of ...

Francis I, Holy Roman emperor

(Encyclopedia)Francis I, 1708–65, Holy Roman emperor (1745–65), duke of Lorraine (1729–37) as Francis Stephen, grand duke of Tuscany (1737–65), husband of Archduchess Maria Theresa. He succeeded his father ...

Jacob

(Encyclopedia)Jacob jāˈkəb [key], in the Bible, ancestor of the Hebrews, the younger of Isaac and Rebecca's twin sons; the older was Esau. In exchange for a bowl of lentil soup, Jacob obtained Esau's birthright ...

most-favored-nation clause

(Encyclopedia)most-favored-nation clause (MFN), provision in a commercial treaty binding the signatories to extend trading benefits equal to those accorded any third state. The clause ensures equal commercial oppor...

Matilda, queen of England

(Encyclopedia)Matilda or Maud, 1102–67, queen of England, daughter of Henry I of England. Henry arranged a marriage for her with Holy Roman Emperor Henry V, and she was sent to Germany, betrothed, and five years ...

Kuala Lumpur

(Encyclopedia)Kuala Lumpur kwäˈlə lo͝omˈpo͝or [key], city (1990 est. pop. 1,750,000), capital of Malaysia, S Malay Peninsula, at the confluence of the Klang and Gombak rivers, within the Federal Territory. Ma...

Villehardouin

(Encyclopedia)Villehardouin vēlärdwăNˈ [key], French noble family that ruled the Peloponnesus from 1210 to 1278. Geoffroi I de Villehardouin, d. 1218, nephew of the historian and marshal of Champagne and Romani...

value, in economics

(Encyclopedia)value, in economics, worth of a commodity in terms of other commodities, or in terms of money (see price). Value depends on both desirability and scarcity. The marginal theory of value, pioneered in t...