Economist

John Maynard Keynes, a highly influential economist during the 1930s, developed Keynesian economics in an effort to decipher the reasons behind the Great Depression. (Investopedia, 2016) Keynes’s theory focuses on the short run and can be seen as a demand side theory that saw buying power as a way for a country to evade recession. (Stefano, 2012) In the following essay Keynes’s contribution to the economic theory will be discussed. During the Great Depression, it became evident that the…

protective of government or we are being watch by them? For the answer, there are one person and a group of people started writing an article to suppose whether we are living in a safe country or we are being watch without privacy, Wendy Kaminer and The Economist group. In the article, “Trading Liberty for Illusions” (2002) by Wendy Kaminer who is a lawyer and a social…

Gregory Mankiw affirms that there are two main decision makers in the society that include consumers and firms. Moreover, the definition of economic terms may vary depending on the context they are used in. For instance, supply in the consumer market refers to the amount of products that producers are able to provide in the consumer market. On the other hand, demand refers to the amount of goods that consumers are willing and are able to purchase in the market. Elasticity refers to the…

The general argument made by The Economist in its work, “If Borders Were Open: The $78 Trillion Free Lunch”, is that if nations such as Great Britain or the United Stated allowed immigrants to enter its country freely, then this change may help that country grow economically and socially. The Economist shows this through the use of comparisons and statistics. The article “If Borders Were Open: The $78 Trillion Free Lunch” discusses how open borders are not as harmful as most people think…

America’s sex law “Should the names of sex offenders continue to be made public?” published by the Economist. This editorial from August 6, 2009, edition of the economist. At the beginning of the editorial the economist told a real life story which took place in New Jersey. Seven-year-old Megan Kanka was enticed into a pedophile neighbor home by offering to show her a puppy. The man raped, killed, and dumped her body in a nearby park. “There are 400,000 registered sex offenders in the United…

years. The main idea that was touched upon in this article was corporate tax cut and who takes benefits from it. According to the Treasury Secretary Steven Mnuchin words he says “most economists believe that over 70 percent of corporate taxes are paid for by the workers” and there is different opinions in the economists society about this statement. The current President Donald Trump has promised to revise tax legislation- including slashing the corporate tax rate. According to Trump’s beliefs…

1. Classical Theory 1.1 View Classical economists are not well known for being, optimistic economists. Some of them think that the growth of the population would be too quick for the resources available. They thought that the government was not compelled to take part and attempt to fix this because, it would only escalate things and so in order to boost growth, free trade was to allow. The concept is known as Free Market approach. A lot of Adam Smith 's work was on this argument and…

effectively convince your audience, students should have an understanding of your writing purpose, your audience, your stance, and your writing style. If a student who has a major of Economics would like to prepare a cold email for a notable investor and economist to ask for career advice, s/he must analyze the audience first because his/her audience affects the writing in various ways, such as the use of language, structure, and tone. The purpose of this audience analysis is to explore how to…

benefit analysis economists use in order to weigh our options on climate change. Cost benefit analysis allows us to compare the cost of emitting greenhouse gas with the benefit of emitting greenhouse gases, which can be to create more power plants to be able to create energy. For example, “according to most conventional calculations, one would need to sacrifice around 2% of the global annual GDP to make a significant difference in the control of emission” (Padilla 526). Many economists have used…

Austeriansis is the title of chapter eleven of the book End This Depression Now! written by the economist and Nobel Laureate Paul Krugman. In this chapter Paul Krugman analyzes the failing European respond to the European Financial Crisis. The lesson from the American Great Depression was clear: in times of depression states must act in order to implement expansionary fiscal and monetary policy. When the cash flow slows, states must act in order to restart the virtuous circle. Unfortunately, as…