Calculation in kindNOTOC Calculation in kind or calculation in-natura is a way of valuating resources and a system of accounting that uses disaggregated physical magnitudes as opposed to a common unit of calculation. As the basis for a socialist economy, it was proposed to replace money and financial calculation. In an in-kind economy products are produced for their use values (their utility) and accounted in physical terms. By contrast, in money-based economies, commodities are produced for their exchange value and accounted in monetary terms.
FusorA fusor is a device that uses an electric field to heat ions to conditions that allow nuclear fusion. The machine induces a voltage between two metal cages, inside a vacuum. Positive ions fall down this voltage drop, building up speed. If they collide in the center, they can fuse. This is one kind of an inertial electrostatic confinement device – a branch of fusion research. A Farnsworth–Hirsch fusor is the most common type of fusor. This design came from work by Philo T. Farnsworth in 1964 and Robert L.
Gaussian surfaceA Gaussian surface is a closed surface in three-dimensional space through which the flux of a vector field is calculated; usually the gravitational field, electric field, or magnetic field. It is an arbitrary closed surface S = ∂V (the boundary of a 3-dimensional region V) used in conjunction with Gauss's law for the corresponding field (Gauss's law, Gauss's law for magnetism, or Gauss's law for gravity) by performing a surface integral, in order to calculate the total amount of the source quantity enclosed; e.
Solenoidal vector fieldIn vector calculus a solenoidal vector field (also known as an incompressible vector field, a divergence-free vector field, or a transverse vector field) is a vector field v with divergence zero at all points in the field: A common way of expressing this property is to say that the field has no sources or sinks. The divergence theorem gives an equivalent integral definition of a solenoidal field; namely that for any closed surface, the net total flux through the surface must be zero: where is the outward normal to each surface element.
Economic calculation problemThe economic calculation problem (sometimes abbreviated ECP) is a criticism of using economic planning as a substitute for market-based allocation of the factors of production. It was first proposed by Ludwig von Mises in his 1920 article "Economic Calculation in the Socialist Commonwealth" and later expanded upon by Friedrich Hayek. In his first article, Mises described the nature of the price system under capitalism and described how individual subjective values (while criticizing other theories of value) are translated into the objective information necessary for rational allocation of resources in society.
Price systemIn economics, a price system is a system through which the valuations of any forms of property (tangible or intangible) are determined. All societies use price systems in the allocation and exchange of resources as a consequence of scarcity. Even in a barter system with no money, price systems are still utilized in the determination of exchange ratios (relative valuations) between the properties being exchanged.
Open-channel flowIn fluid mechanics and hydraulics, open-channel flow is a type of liquid flow within a conduit with a free surface, known as a channel. The other type of flow within a conduit is pipe flow. These two types of flow are similar in many ways but differ in one important respect: open-channel flow has a free surface, whereas pipe flow does not. Open-channel flow can be classified and described in various ways based on the change in flow depth with respect to time and space.
RedshiftIn physics, a redshift is an increase in the wavelength, and corresponding decrease in the frequency and photon energy, of electromagnetic radiation (such as light). The opposite change, a decrease in wavelength and simultaneous increase in frequency and energy, is known as a negative redshift, or blueshift. The terms derive from the colours red and blue which form the extremes of the visible light spectrum.
Solar cycleThe solar cycle, also known as the solar magnetic activity cycle, sunspot cycle, or Schwabe cycle, is a nearly periodic 11-year change in the Sun's activity measured in terms of variations in the number of observed sunspots on the Sun's surface. Over the period of a solar cycle, levels of solar radiation and ejection of solar material, the number and size of sunspots, solar flares, and coronal loops all exhibit a synchronized fluctuation from a period of minimum activity to a period of a maximum activity back to a period of minimum activity.
Permanent income hypothesisThe permanent income hypothesis (PIH) is a model in the field of economics to explain the formation of consumption patterns. It suggests consumption patterns are formed from future expectations and consumption smoothing. The theory was developed by Milton Friedman and published in his A Theory of Consumption Function, published in 1957 and subsequently formalized by Robert Hall in a rational expectations model. Originally applied to consumption and income, the process of future expectations is thought to influence other phenomena.
