Latin expression for "other things being equal." The term is used in economic analysis when the analyst wants to focus on explaining the effect of changes in one (independent) variab [..]

A current office-holder.

In the widest sense, the measure of the value of what has to be given up in order to achieve a particular objective. In everyday language, people most often use the term rather like an accountant does [..]

Legally binding rules or principles of justice developed in the course of history from the gradual accumulation of rulings by judges in individual cases, as differentiated from the kind of statute law [..]

The provision of the U.S. Constitution (Article I, Section 8, paragraph 3) that gives Congress the authority to regulate trade with foreign nations and among the states.

The rights of every citizen to freedom of thought, freedom of conscience, freedom of expression, freedom of movement, freedom to enjoy privacy and autonomy in the management of one's personal aff [..]

A fundamental principle undergirding the design of American government is that of the separation of powers, which prescribes the parcelling out of the various powers and functions of government to sep [..]

A government agency, especially a regulatory agency, that is largely under the influence of the economic interest group(s) most directly and massively affected by its decisions and policies -- typical [..]

The existing stock of goods which are to be used in the production of other goods or services and which have themselves been produced by previous human activities. Capital is conventionally subdivided [..]

Any ideology based on the communal ownership of all property and a classless social structure, with economic production and distribution to be directed and regulated by means of an authoritative econo [..]