[{"n": "Mercantilism", "u": "/e/economic-concepts-and-schools/mercantilism/", "s": "Economic policy maximizing exports and state power through trade regulation."}, {"n": "Microeconomics", "u": "/e/economic-concepts-and-schools/microeconomics/", "s": "Branch of economics studying individual decision-making and resource allocation."}, {"n": "Mixed economy", "u": "/e/economic-concepts-and-schools/mixed-economy/", "s": "An economic system blending free-market principles with socialism, featuring both private and public ownership"}, {"n": "Modern Monetary Theory", "u": "/e/economic-concepts-and-schools/modern-monetary-theory/", "s": "Heterodox macroeconomic theory on sovereign currency and fiscal policy."}, {"n": "Monetarism", "u": "/e/economic-concepts-and-schools/monetarism/", "s": "Inflation is always and everywhere a monetary phenomenon."}, {"n": "Neoclassical economics", "u": "/e/economic-concepts-and-schools/neoclassical-economics/", "s": "Dominant microeconomic approach emphasizing supply, demand, and utility maximization."}, {"n": "Physiocracy", "u": "/e/economic-concepts-and-schools/physiocracy/", "s": "18th-century French economic theory emphasizing agriculture as sole wealth source."}, {"n": "Planned economy", "u": "/e/economic-concepts-and-schools/planned-economy/", "s": "Economic system using plans for investment, production, and allocation."}, {"n": "Political economy", "u": "/e/economic-concepts-and-schools/political-economy/", "s": "Interdisciplinary study of politics and economics."}, {"n": "Post-industrial society", "u": "/e/economic-concepts-and-schools/post-industrial-society/", "s": "Service sector wealth surpasses manufacturing; knowledge becomes capital."}, {"n": "Pre-industrial society", "u": "/e/economic-concepts-and-schools/pre-industrial-society/", "s": "Pre-industrial society existed before machines enabled mass production."}, {"n": "Price controls", "u": "/e/economic-concepts-and-schools/price-controls/", "s": "Government-set limits on prices for goods and services."}, {"n": "Principal–agent problem", "u": "/e/economic-concepts-and-schools/principal-agent-problem/", "s": "Conflict when an agent acts on behalf of a principal."}, {"n": "Production–possibility frontier", "u": "/e/economic-concepts-and-schools/production-possibility-frontier/", "s": "Graphical model showing maximum possible output combinations."}, {"n": "Profit maximization", "u": "/e/economic-concepts-and-schools/profit-maximization/", "s": "Process of setting output to maximize total profit."}, {"n": "Purchasing power parity", "u": "/e/economic-concepts-and-schools/purchasing-power-parity/", "s": "Economic measure comparing currency purchasing power across countries."}, {"n": "Rational choice model", "u": "/e/economic-concepts-and-schools/rational-choice-model/", "s": "A framework modeling behavior through rational actor analysis."}, {"n": "Recession", "u": "/e/economic-concepts-and-schools/recession/", "s": "A broad decline in economic activity with no single official definition."}, {"n": "Resource curse", "u": "/e/economic-concepts-and-schools/resource-curse/", "s": "Hypothesis that natural resource wealth can hinder economic growth and democracy."}]