Economist

and opponents of the issue today, with both sides presenting strong arguments to successfully justify their positions. For the most part leading economic experts are torn, they have discovered evidence to support both sides of the issue. Numerous economists fear that raising federal minimum wages will be unfavorable for the economy, while the…

the manager of a day-care center. He continues by claiming that there are an unreasonable amount of parents that arrive late to pick up their children, so the workers are forced to stay overtime without extra pay. Because this was a major concern, economists decided on conducting an experiment to see if an “incentive” would make the parents consider arriving on time. The incentive was that if a parent came in later than 10 minutes after pick up time, they would be charged a $3 penalty. However,…

balance. This makes it seem as though economists know the problem exists, but due to the field’s male-dominated and conservative leaning culture, they refuse to put forth enough effort to change it. They set up councils to study and present ways to change this trend, but it appears to be more about going through the motions instead of fighting for true change. There is no push to change the sexism that runs rampant amongst top men in the field. Many notable economists have made terrible remarks…

In "The Pleasures of Eating" Wendell Berry talks about what eating responsibly actually means. Normally, the typical consumer wouldn’t think that eating is anything else but an action; however, Berry insists that eating is an agricultural act and is important for eating responsibly. He makes the claim that to eat responsibly consumers need to know what eating really is. To support his claim, he talks about how and why people don’t know eating is an agricultural act because of the food industry.…

Economist John Maynard Keynes was not only credited with the solution to the great depression of the 1940’s, but also as one of the greatest economists of all time. Keynes believed that the macro economy would never be completely stable and government intervention would always be necessary. The idea seemed ludicrous to civilians and economists at the time as the accepted economic theory is what today is termed the classical theory. The classical theory suggests that the macro economy will always…

Abraham Orantes Political Science 103 Professor Vento 2 May 2017 Animal Farm “Man serves the interests of no creature except himself.” ― George Orwell Throughout Animal Farm and the Arab Spring there have been many similarities between them.The country that i will share comparisons with Animal Farm There were six Arab countries in which massive peaceful protests called for hated rulers to go in the spring of 2011. Egypt and the island kingdom of Bahrain are now yet more autocratic, in some…

Neoliberal economists have pushed for international free trade since global suffering caused by protectionism during the Great Depression. In the past 70 years there has been tremendous growth and prosperity for developed nations, however this has not been true for all nations. Additionally, even highly developed nations use aspects of trade policies counter to free trade to become, or keep competitive advantage in an industry. The neoliberal and opposing arguments for industrial policy,…

make decisions based on how they can better themselves. It may sound logical, but in Russell Roberts’ The Choice: A Fable of Free Trade and Protectionism, economist David Ricardo explores the world of wealth with an average Joe American, discussing how Americans get it wrong. Searching for a way into the land of pearly gates, English economist David Ricardo comes down to Earth attempting to…

about what they do, how they do it, or what impact they have in society and how it relates to our education? Experts from different fields might study and approach current issues. My issue is: poverty. First, we must understand what an Economist is. An Economist is a Social Scientist, expert in economics. According to “What is Economics”, economics is “the branch of knowledge concerned with the production, consumption, and the transfer of wealth.” They study the way in which a society acts; how…

growth? Well economist Goldman Sachs, Moody and others are cutting their estimates for the 3rd quarter Gross Domestic Products growth due to hurricane Irma and Harvey Goldman Sachs now feel that the gross domestic products will gain a 2 percent rate this quarter after slashing its estimate by .08 percentage points. Moody estimates that with hurricane Irma and Harvey that the property damage and lost will be at 150 billion to 200 billion dollars. According to the Wall Street economist, the…