Economic Theories

noun the belief that only physical matter exists

• The philosopher argued that materialism is a shallow way of viewing the world.
• Some people are obsessed with materialism and always want the latest gadgets.
• I'm so over all this materialism, let's just chill and enjoy life.
• His materialism blinded him to the true beauty of nature.

noun a person who adheres to orthodox beliefs or practices

adjective adhering to what is commonly accepted, customary, or traditional

• The orthodox beliefs of the community were deeply rooted in tradition.
• She comes from a very orthodox family and follows their customs strictly.
• Some people think being orthodox is old-fashioned, but I respect their traditions.
• His approach to problem-solving is quite orthodox, but it gets the job done.

noun a popular or commercial song or music genre

verb to make a sudden, explosive sound

adjective of or relating to popular music

• The pop of the champagne bottle signaled the start of the celebration.
• I love listening to pop music while driving.
• Let's pop over to the mall and grab some food.
• The idea seemed to pop into his head out of nowhere.

noun a belief in or the advocacy of revolutionary or extreme measures, especially for social or political change

• The rise of radicalism in politics has led to increased polarization among the population.
• Some people think radicalism is cool, but others find it too extreme.
• Radicalism is so extra, it's like they're trying too hard to be edgy.
• Innovation often requires a certain level of radicalism to challenge the status quo.

noun A person who advocates for a revision or reinterpretation of a particular theory, ideology, or historical event.

• The historian presented a revisionist interpretation of the events leading up to the war.
• Some people think the revisionist view of history is more accurate.
• I heard there's a new revisionist theory going around about that famous battle.
• The artist took a revisionist approach to traditional painting techniques.

noun a group of people with shared beliefs or principles on a particular subject

• In the academic world, different schools of thought often clash when it comes to interpreting complex theories.
• Among historians, there are various schools of thought regarding the origins of ancient civilizations.
• I don't really follow that school of thought when it comes to fashion trends.
• His school of thought on leadership is quite unique and has garnered a lot of attention in the business world.

noun a word or a group of words that functions as the subject or object of a verb

adjective having a firm basis in reality and therefore important, meaningful, or considerable

• The report presented a substantive analysis of the current economic trends.
• The meeting covered a lot of substantive topics about the project.
• I need some substantive evidence before I believe you.
• His contribution to the team was substantive, like the foundation of a building.

noun a political philosophy advocating for limits on wealth and income inequality

• Limitarianism is a political philosophy that advocates for limiting individual wealth and consumption to ensure social and environmental sustainability.
• I heard that limitarianism is all about setting boundaries on how much stuff people can have.
• Limitarianism is like saying 'you can't have it all' in the world of economics.
• In a world governed by limitarianism, everyone would have to learn to live within their means.

noun a psychological theory that suggests that people return to a relatively stable level of happiness despite major positive or negative events or life changes

• The concept of the hedonic treadmill suggests that individuals will adapt to new positive experiences and return to their baseline level of happiness.
• People are always chasing after the next big thing, but they don't realize they're just stuck on the hedonic treadmill.
• Life's like a never-ending cycle on the hedonic treadmill, always chasing happiness but never quite reaching it.
• Trying to find lasting happiness through material possessions is like running on a hedonic treadmill - you'll never truly get anywhere.