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Diplomacy & Politics Glossary

Every term you need — from Model UN procedure to international law, economics, and political theory. Clear definitions, real examples, and cross-linked concepts.

2302 terms across 11 categories

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Showing 4 terms matching your filters

A

1 term

Adam Smith's Invisible Hand

The self-regulating behavior of the marketplace where individuals' pursuit of self-interest leads to societal benefits.

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C

1 term

Catallactics

Adam Smith's concept of the study of exchange and market phenomena as spontaneous order arising from individual self-interest.

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H

1 term

Hayekian Price Signals

Friedrich Hayek's idea that prices convey information essential for coordinating economic activity in decentralized markets.

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I

1 term

Invisible Hand

Adam Smith's concept describing the self-regulating behavior of the marketplace where individuals' pursuit of self-interest unintentionally benefits society as a whole.

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