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17-455: FIRE or F.I.R.E. may stand for: FIRE economy , a segment of the stock market: Finance, Insurance, Real Estate FIRE movement , a lifestyle movement: Financial Independence, Retire Early Febrile infection-related epilepsy syndrome (FIRES), a rare form of epilepsy Fellowship of Independent Reformed Evangelicals , a network of Reformed Baptist churches Flyby of Io with Repeat Encounters ,

34-427: A new convention. Conventional wisdom may be political, being closely related to the phenomenon of talking points . The term is used pejoratively to suggest that consistently repeated statements become conventional wisdom whether they are true or not. More generally, it refers to accepted truth that almost no one seems to dispute, and so it is used as a gauge (or wellspring) of normative behavior or belief, even within

51-412: A professional context. For example, the conventional wisdom in 1950, even among most doctors, was that smoking tobacco is not particularly harmful to one's health. The conventional wisdom today is that it is. More narrowly, the conventional wisdom in science and engineering once was that a man would suffer lethal injuries if he experienced more than eighteen g-forces in an aerospace vehicle, but it

68-402: A property analogous to inertia that opposes the introduction of contrary belief, sometimes to the point of absurd denial of the new information or interpretation by persons strongly holding an outdated but conventional view. Since conventional wisdom is convenient, appealing, and deeply assumed by the public, this inertia can last even after many experts and/or opinion leaders have shifted to

85-629: A proposed spacecraft mission to Jupiter's moon Io Foundation for Individual Rights and Expression (formerly Foundation for Individual Rights in Education), a conservative civil liberties organization in the US Fully Integrated Robotised Engine , a series of engines produced by Fiat Future Internet Research and Experimentation , a program funded by the European Union FIRE (Maltese band) ,

102-655: A rock band founded in 1998 F.I.R.E. , a 1991 shoot-em-up game developed by the Slovakian company Ultrasoft F.I.R.E. (Free Inspiring Rising Elements), a Hmong and Lao performance group with May Lee-Yang "F-I-R-E", a 2013 single by the American Christian group Press Play Future in Reverse (FIRE), a performance group founded by composer Huang Ruo Future Investors in Real Estate (F.I.R.E.),

119-636: A student organization at Suffolk College of Arts and Sciences in Boston, Massachusetts, US See also [ edit ] Fire (disambiguation) Topics referred to by the same term [REDACTED] This disambiguation page lists articles associated with the title FIRE . If an internal link led you here, you may wish to change the link to point directly to the intended article. Retrieved from " https://en.wikipedia.org/w/index.php?title=FIRE&oldid=1260015016 " Category : Disambiguation pages Hidden categories: Short description

136-407: Is different from Wikidata All article disambiguation pages All disambiguation pages FIRE economy This term is frequently used in the financial press and blogs. Its origin is in the realm of North American industrial classification. "Finance, Insurance, and Real Estate" is the title of 1992 U.S. Census Bureau Standard Industrial Classification (SIC) Division H . Its coverage

153-427: Is often credited to the economist John Kenneth Galbraith , who used it in his 1958 book The Affluent Society : It will be convenient to have a name for the ideas which are esteemed at any time for their acceptability, and it should be a term that emphasizes this predictability. I shall refer to these ideas henceforth as the conventional wisdom. However, the term dates back to at least 1838. Conventional wisdom

170-430: Is so no longer. ( John Stapp repeatedly withstood far more in his research, peaking above 46 Gs in 1954. Evidence-based medicine is a deliberate effort to acknowledge expert opinion (conventional wisdom) and how it coexists with scientific data. Evidence-based medicine acknowledges that expert opinion is "evidence" and plays a role to fill the "gap between the kind of knowledge generated by clinical research studies and

187-419: The coming of a new "service" "post-industrial" economy that would replace the old "smokestack" economy and the jobs lost through plant closings, restructuring, and down-sizing [...]. Conventional wisdom The conventional wisdom or received opinion is the body of ideas or explanations generally accepted by the public and/or by experts in a field. In religion, this is known as orthodoxy . The term

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204-560: The five-digit level. They remain largely unchanged in the 2007 NAICS drill down chart whose details are this for code 52 and this for code 53. The second use of the term derives from the study of financial capital and income – as opposed to industrial capital and income. To characterize the so-called financial services industries, economists carved out part of the SIC/NAIS breakdown of types of industry: finance, insurance, and real estate. They contracted this to FIRE, deliberately invoking

221-618: The negative connotations which were, at least then, contrary to conventional wisdom . The following table elaborates on this dichotomy in the header row and gives examples in ensuing rows (where?). At the city scale, Sassen has done a lot of researches of the FIRE influences to the Global Cities, such New York, London and Tokyo, since 1984. She and a group of scholars including Feistein, argued that FIRE aggravated social inequality and polarization of these cities. Much criticism exists on

238-530: The shifting of the US economy to a FIRE economy at the expense of a manufacturing and export-based economy. As the consumer of last resort, many believe that the United States has eschewed productive elements of its economy in favor of consumption to its long term detriment: Particularly after 1973 [...] pundits of the status quo hailed the proliferation of the "FIRE" (finance, insurance, real estate) economy as

255-506: The text of The Affluent Society , invoking it to explain the high degree of resistance in academic economics to new ideas. For these reasons, he is usually credited with the invention and popularization of the phrase in modern usage. Conventional wisdom is not necessarily true. It is often seen as a hindrance to the acceptance of new information, and to the introduction of new theories and explanations, an obstacle that must be overcome by legitimate revisionism . That is, conventional wisdom has

272-625: Was "All domestic establishments that provide financial, insurance, or real estate services." Its coverage was elaborated in two-digit SIC codes 60 through 67. The SIC was replaced by the North American (Canada, US, Mexico) Industry Classification System ( NAICS ) starting in 1997. The SIC had ten top-level divisions, NAICS has twenty. The new NAICS essentially split the old Division H into code 52 Finance and Insurance and code 53 Real Estate and Rental and Leasing. The newer NAIC two-digit codes, 52 and 53, are extensively elaborated – down to

289-518: Was used in a number of other works before Galbraith, occasionally in a benign or neutral sense, but more often pejoratively. However, previous authors used it as a synonym for "commonplace knowledge". Galbraith specifically prepended "The" to the phrase to emphasize its uniqueness, and sharpened its meaning to narrow it to those commonplace beliefs that are also acceptable and comfortable to society, thus enhancing their ability to resist facts that might diminish them. He repeatedly referred to it throughout

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