English Explanatory Dictionary

Averch-Johnson effect

English dictionary entry

Meanings

noun
  1. The tendency of regulated companies to engage in excessive amounts of capital accumulation in order to expand the volume of their profits.

Word forms

Averch-Johnson effect Averch-Johnson effects

Etymology

Named after Harvey Averch and Leland L. Johnson who proposed the idea.

This entry uses open data from Wiktionary (CC BY-SA/GFDL). Word forms are used for search and are not indexed as separate pages.
Back to search All on A Russian dictionary Dahl dictionary