Core
A core is the set of feasible allocations in an economy that cannot be improved upon by subset of the set of the economys consumers (a coalition). A coalition is said to improve upon or block a feasible allocation if the members of that coalition are better off under a different feasible allocation that is identical to the first except that every member of the coalition has a different consumption bundle that is part of an aggregate consumption bundle that can be constructed from publicly available technology and the initial endowments of each consumer in the coalition.
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Clintonomics
The term Clintonomics, a portmanteau of Clinton and economics, was used to describe, and decry, the economic policies of U.S. President Bill Clinton during the 1990s. Clinton assumed office at the tail end of a recession, and the economic theories he utilized and implemented are claimed by his supporters to...
