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Free research papers and essays on topics related to: economic theory

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  • Anthropology - 1,269 words
    Anthropology Transcending the Barriers "My primary interest is to explain something out there that impinges me, and I would sell my soul to the devil if I thought it would help." Eric Wolf, 1987. Eric Wolf's interest into the realm of anthropology emerged upon recognition of the theorist- imposed boundaries, encompassing both theories and subjects, which current and past anthropological scholars had constructed. These boundaries, Wolf believed, were a result of theorist tending to societies and cultures as fixed entitiesstatic, bounded and autonomous, rather then describing and interpreting societies within a state of constant change, ceaselessly vulnerable to external influence, and always ...
    Related: anthropology, karl marx, los angeles, paying attention, rigid
  • Babyboom - 907 words
    Babyboom During the period between 1929 and 1953, the United States occupational pay ratios and earning inequality is declined, mainly across World War II (Ober 1948, Phelps Brown 1977, Williamson and Lindert 1980, Goldin and Margo 1922b). The evidence showed that the condition of income inequality was occurrence in that period. Moreover, the problem of income inequality is declined. But, the problem of income inequality is existed. The government cannot spread the income distibution evenly. Many reasons obstructed the income distribution evenly. In my discussion, I concentrate to explain five reasons to influence the income distribution in the United States in the 20th century. Changing in ...
    Related: collective bargaining, world war ii, work experience, abandoned, demographic
  • Class V Caste System - 1,281 words
    ... y is possible in the class system. Upward mobility is somewhat higher in the United States than most other countries. The fourth characteristic, that occupation is strongly related to caste, also describes American society to a substantial degree. Law does not dictate occupations that can be held by blacks or whites. Throughout the nineteenth century, many African Americans did not hold high status jobs such as doctors, lawyers, and engineers. Nearly all African Americans were slaves during this time. By now, there has been substantial occupational mobility for African Americans, just as there has been for lower-caste persons in India in the late twentieth century. But the occupational d ...
    Related: caste, caste system, feudal system, hindu caste, indian caste, legal system, working class
  • Classical Economists Vs Utopian Socialists - 1,602 words
    Classical Economists Vs Utopian Socialists There are many ways that to govern a country. Obviously, officials run most countries, but what kind of system do they govern by? Some of the most important systems used today are capitalism, socialism, and communism. As a coherent economic theory, classical economics start with Smith, continues with the British Economists Thomas Robert Malthus and David Ricardo. Although differences of opinion were numerous among the classical economists in the time span between Smiths Wealth of Nations and Ricardos Principles of Political Economy and Taxation, they all mainly agreed on major principles. All believed in private property, free markets, and, in Smith ...
    Related: classical, classical economics, classical theory, economists, utopian
  • Critical Review Of A Technology And Economics Article - 1,276 words
    Critical Review Of A Technology And Economics Article The article Digital Technology and Institutional Change from the Gilded Age to Modern Times: The Impact of the Telegraph and the Internet describes the difficulties that exist when trying to create an accurate economic model showing responses to new, economy changing, technologies. The author Ronnie Phillips mainly focuses on institutional economics and, by showing the history of other technological advances, the need for institutional analysis. He explains how the challenge is to explain societal change, recognize what and how it happens, and create policies that will foster increased living standards throughout the world. The way that t ...
    Related: critical, critical review, digital technology, economic models, economic theory, economics, information technology
  • Economic Geography - 3,518 words
    ... lation, who produces agricultural goods, is assumed completely immobile between regions, with a given peasant supply of (1-u)/2 in each region; workers are however mobile, moving to whichever location offers them a higher real income; and the total supply is constant: incorpora CorelEquation s  Farming takes place under CRS, thus farm labor used in producing any given quantity of agricultural goods can be set equal to production: incorpora CorelEquation s  Manufacturing, however, is characterised by IRS and, thus, involves fixed costs and constant marginal costs: incorpora CorelEquation s  Because the economy-wide supply is fixed, if incorpora CorelEquation s  is the forc ...
    Related: economic geography, economic integration, economic review, economic theory, european economic, geography
  • Enlightened Darkness - 1,606 words
    Enlightened Darkness Enlightened Darkness When I am asked to determine if I am a "child of the Enlightenment," the first thoughts that come to my mind question the characteristics of the Enlightenment. What kind of movement was it? Who else claims to support Enlightenment ideals? What characteristics are associated with the Enlightenment, and do I want to label myself as sharing these? It didn't take much time for me to happily embrace the fact that I am a "child of the Enlightenment." The Enlightenment encompasses many ideas concerning knowledge, political theory, science, and economic theory. The Enlightenment worldview stresses reason instead of authority and revelation. Enlightened think ...
    Related: darkness, enlightened, stuart mill, human rights, foresee
  • Essay On Equal Pay In The Work Place - 1,036 words
    Essay on equal pay in the work place. Essay on equal pay in the work place In 1963, President Kennedy signed the Equal Pay Act into law, making it unlawful to discriminate against a worker on the basis of sex. Since that time, the wage gap between men and women in the United States has narrowed by just 15 cents, now being 74 cents, as reported by the U.S. Census Bureau. Pay equality is most prevalent for the 16 to 24 age group, in which women earn more than 90 percent of what men do; however, the gap becomes 75 percent in the 25 to 54 year old group those at the height of their careers and life responsibilities. A number of factors have contributed to the gap between mens and womens wages. ...
    Related: equal opportunity, human capital, president kennedy, men and women, relying
  • Federal Reserve Monetary Policy - 3,287 words
    Federal Reserve Monetary Policy If taxation without representation could rally the colonists against the British Crown in 1776, tight money and ruinous interest rates might be cause for populist revolt in our own day. Federal Reserve monetary policy also has severe social burdens, measured by huge changes in aggregate output, income, and employment. The imperious Fed, much like the English Crown two centuries ago, formulates and carries out its policy directives without democratic input, accountability, or redress. Not only has the Fed's monetary restraint at times deliberately pushed the economy into deep recession, with the attendant loss of millions of jobs, but also its impact on the str ...
    Related: economic policy, federal budget, federal funds, federal government, federal open market, federal open market committee, federal reserve
  • Gasoline Prices - 1,019 words
    Gasoline Prices The price of gasoline is a major interest to almost everyone in the country and almost everywhere in the world. It seems that every month and sometimes more frequently, gas prices are either spiking or dropping, never staying stable. Gasoline prices are affected by many factors, including the price of crude oil in the world market, supply and demand for gasoline, local market competition, temporary supply interruptions, government regulations, or taxes. Gasoline is produced by a distillation process where crude oil is heated and fumes are captured and converted into many products such as kerosene, jet fuel, and gasoline to name a few. Therefore the price of crude oil, which i ...
    Related: gasoline, gasoline prices, oil prices, economic theory, yom kippur
  • Hayek And Business Cycle - 1,828 words
    Hayek And Business Cycle Friedirch August von Hayek was born in Vienna on May 8, 1899 and died on March 23, 1992, in the city of Freiburg in Breisgan in Germany. Hayek was a central figure in 20th-century economics and he represented the Austrian tradition. After Hayek served military service, he became a student at the University of Vienna where he got his doctorate in law and political science. In 1923-4, Hayek visited New York and then returned to Vienna where he continued his work. Hayek became the first director of the Austrian Institute for Business Cycle Research in 1927. He also gave some lectures in England at the London School of Economics in 1931. In England, he participated in su ...
    Related: business cycle, cycle, blackwell publishers, new jersey, dictionary
  • Karl Marx Biography And Synopsis Of Views - 1,057 words
    ... for her coffin. Frederich Engels was the one who gave Marx and his family money to survive on during these years. His only other source of money was his job as the European correspondent for The New York Tribune, writing editorials and columns analyzing everything in the "political universe." Marx published his first book on economic theory in 1859, called A Contribution to the Critique of Political Economy. Marx's "political isolation" ended when he joined the International Working Men's Association. Although he was neither the founder nor the leader of this organization, he "became its leading spirit" and as the corresponding secretary for Germany, he attended all meetings. Marx's dis ...
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  • Karl Marx Essay - 983 words
    Karl Marx Essay Through out history money, wealth and capital have dictated a way of life to the masses. Wealth dictated the lives that the rich lived and the lives of the poor that worked for and surrounded them. In some cultures your class could never be escaped in life, you had to wait for your next incarnation, while in other cultures the idea of wealth transcended a life and allowed for growth from one class to another. This is the reality of a capitalist society that was first discussed by Karl Marx in the 19th century. When Karl Marx first penned his shaping works on communism, he assumed that the relationship between workers and capital would always be opposing. While most rejected h ...
    Related: karl, karl marx, marx, industrial revolution, economic theory
  • Liberal Perspective On Britains Trade Policies - 1,464 words
    ... ce was capable to compete in a free market. Nevertheless, he was concerned about protectionist policies of foreign governments. He believed that they imposed unfair obstacles for British trade (Halstead 17). However, John V. Nye expressed opposing view on this issue in his article. He argued that the notion of Britain being the only European country engaging in free trade while the rest of states maintain protectionist policies is wrong. For his argument Nye uses trade policy of France. He claims that according to analysis of British and French trade statistics, average tariff levels in France were below of those in Britain throughout the nineteenth century. That means that French commer ...
    Related: britain france, free trade, great britain, international trade, liberal, trade barriers, trade liberalization
  • Liberty: Adam Smith And Alexis De Tocqueville Both Adam Smith And Alexis De Tocqueville Agree That An Individual Is The Most - 1,249 words
    Liberty: Adam Smith and Alexis de Tocqueville Both Adam Smith and Alexis de Tocqueville agree that an individual is the most qualified to make decisions affecting the sphere of the individual as long as those decisions do not violate the law of justice. >From this starting point, each theorist proposes a role of government and comments on human nature and civil society. Smith focuses on economic liberty and the ways in which government can repress this liberty, to the detriment of society. De Tocqueville emphasizes political liberty and the way that government can be organized to promote political liberty, protect individual liberty, and promote civil liberty. Adam Smith's theory makes a str ...
    Related: adam, adam smith, alexis, individual liberty, smith, tocqueville
  • Microsoft And Monopoly - 1,573 words
    Microsoft And Monopoly America's century-old antitrust law is increasingly irrelevant to our modern global information technology market. This law is obsolete, in accordance to the current Microsoft situation, because in the past there wasn't technology as there is now. Recently the government has been accusing Microsoft as being a monopoly. "Techno-Optimists" claim that "efforts by government to promote competition by restraining high-tech firms that acquire market power will only stifle competition." Some analysts disagree. They concede that dynamic technology makes it tough to sustain market power. Still, consumers will want compatible equipment, which will lead them to buy whatever produ ...
    Related: microsoft, monopoly, wall street journal, trade commission, package
  • Ronald Reagan: Domestic And Foreign Affairs - 1,094 words
    Ronald Reagan: Domestic And Foreign Affairs. Ronald Reagan: Domestic and Foreign Affairs I have decided to write my research paper on the topic of Ronald Reagan's Domestic and Foreign Affairs. The reason that I choose this topic was because I have always been personally interested in Ronald Reagan's time in office and the national crisis he had to deal with. Reagan was awesome when it came to foreign policy because he knew how to negotiate with foreign leaders and their countries to get what he wanted. There were several instances during his time in office that he had the chance to use his ability to get the country out of danger. Domestic Affairs is another part of Reagan's presidency that ...
    Related: foreign affairs, foreign policy, ronald, ronald reagan, environmental protection agency
  • The American Revolution - 598 words
    The American Revolution From 1763, Americans had only to be convinced that an arbitrary ruler-whether Parliament or King-was violating their inherent rights, to feel that rebellion was justified. This conviction was bred in them by the series of events that occurred between 1763 and 1776. The language used to protest the British Acts was legal, and political. But the primary cause of the Revolution is economics. In theory the colonists accepted the principle that natural laws rather than royal decrees should govern the economy. In practice only the southern colonies were bound to England by the tobacco trade. The New England and Middle Colonies, unable to find markets in Britain, found prosp ...
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  • The Cause Of The Great Depression - 548 words
    The Cause Of The Great Depression The economic expansion of the 1920s, with its increased production of goods and high profits, culminated in immense consumer speculation that collapsed with disastrous results in 1929 causing Americas Great Depression. There were a number or contributing factors to the depression, with the largest and most important one being a general loss of confidence in the American economy. The reason it escalated was a general misunderstanding of recessions by American policymakers of the time. The U.S. economy was booming in the 1920s. Stocks prices soared, as they were bought on margin for as little as 10% down. Market speculation is cyclical-that is, if one stock ap ...
    Related: great depression, american economy, world war ii, stock market, bought
  • Todays Realitiesyesterdays Models - 1,066 words
    Today's Realities...Yesterday's Models Today's realities do not necessarily fit yesterday's models. In a universe where shifting paradigms are the norm, scientists are in continued search to establish cause and effect relationships between events that can be modeled. We see behaviorists scurrying for specific reasons as to why two youths could commit such heinous acts in Colorado. Their existing models could not predict such atrocity. Meteorologists and environmentalists are developing an explanation for global warming. What new factors will explain the condition? Will updated models accurately predict future trends? Economists are not exempt from this process. In today's world, where market ...
    Related: economic growth, high inflation, growth rate, motion, enable
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