Economist

macroeconomic fluctuations. In addition, the government frequently uses monetary policy to adjust and control the stock market in order to meet its policy objectives. Because of the influence of the stock market to the national economy, more and more economists focus on the relationship between the monetary policy…

consumption and transfer of wealth in a society or country. Scottish philosopher and economist, Adam Smith, is known as the “The Father of Economics.” Smith is known for proposing many modern ideas such as, the invisible hand, gross domestic product, and the theory of compensating wage differentials. He is also greatly known for his books, “The Theory of Moral Sentiments” and “The Wealth of Nations.” Although many economists have followed, Adam Smith’s work has most impacted the modern world of…

While an economist could look at the situation and say that the teachers were just taking advantage of what was presented to them that does not mean it is right to do. In Proverbs 19:1 (NIV) it says, “Better the poor whose walk is blameless than a fool whose lips…

ESSAY 1: In a Wall Street Journal column by Joseph Rago (dated Sat/Sun—Feb. 8/9, 2014), respected economist Casey Mulligan is quoted as predicting Obama Care will lead to large numbers of Americans leaving the workforce. Comment on Mulligan’s logic, whether you agree or not, and whether this reduction in workforce size is good or bad for the country. The health insurance and the employment is directly related to each other in America. During World War II many insurance companies used the tool of…

The Great Depression is an example of how badly the world economy could decline as it was the longest and one of the most globally spread depression that took place during the 20th century. It took it’s roots from the United States in the 1930s and spread across the whole world, lasting until 1941. On September 4th, 1929, the stock prices across all US started falling drastically and in a period of just a month, on October 29 of the same year, the stock market crashed. In the next 3 years the…

Finally, social media were used for the government’s propaganda through humor. The citizens demanding their rights framed the concept of Gezi through various ways such as posters, banners, graffitis, and caricatures. Nevertheless, political humor was the powerful weapon and the useful tool to form a political presence in the country during the Gezi. Nancy K. Baym argues that humor can be very significant to create social meaning in the online environment. In her work “The Performance of Humor in…

Adam Smith, a world renowned economist born in 1723, laid out a strategy for capitalist trade through his book, “The Wealth of Nations.” The “invisible hand” is vital to our society; when a person pursues their “self-love,” the society indirectly benefits. Famous economist Adam Smith introduced the “invisible hand in his world renowned economic novel “The Wealth of Nations.” Smith explains the “invisible hand” as ‘the subtle market force that helps the supply and demand of products in a free…

United States has one of the best and stable economy in the world, but all economies have its ups and downs. Well from late-2007 through mid-2009 USA experienced one of the worst if not the worst recession in its history. Many people compared it to the Great Depression and were saying we will be in another depression. Well the government and the Federal Reserve were doing almost everything in their power to prevent that. They succeeded in keeping us out of a depression and took us out of the…

“We're all under 18. We're all the same age. There would be a few girls I knew who were in their 20s or whatever, but they were doing it since they were our age anyways. I did wait till 12, and these girls had been doing it since they were eight or nine and now they are like 23”(Kotrla 1). The victims of sex trafficking are pulled in when they were only little girls, and stayed in the ring for years because that was all they know. This problem is prevalent all over the world, and it is a major…

death penalty is successful in lowering crime rates. The authors of the article designed a study based off of a previous one done in the 1970’s; however, they changed some of the variables. The study they based their work off of was done by an economist named Isaac Ehrlich. Ehrlich’s study concluded that the death penalty was a successful deterrent of crime from 1935-1969. However, Donohue and Wolfers argue that Ehrlich did not successfully consider all possible variables for the changes in…