Keynesian economics

refugees. Overall, more people think increasing number of refugee will be a serious problem in the future. (Farida Fozdar and Lisa Hartlet p44) In the long run, unemployment and depending on income support can cause cumulative effect of social and economic problem. Finally, it may cause joblessness and welfare dependency (Robyn Broadbent, Marcelle Cacciattolo and Cathryn Carpenter, p584) Figure 1: Number of refugee Arrivals (Greame Hugo, p29) Figure 2: Workforce characteristics by visa…

restricted to increase the gain of society, would it be “beneficial” to establish institutions based on the urgency of current affairs in light of “public welfare”? It was Dazai Shundai (1680‐1747) who set up such a political and economic subject in the shogunate system. 1. The economic design and “public welfare” in Dazai Political economy is to govern the world and the nation with “the administration of affairs of state”, that is,…

nation in the late 19th century. America transitioned to imperialism because they wanted more power and also because of the want, and even the need to restore economic prosperity. America became an imperialist nation because of a few different reasons. The first being that they had financial panic in 1893 that sent America into economic depression. A second reason is that America had too much supply of their goods and not enough demand. In William McKinley's Speech On Imperialism, New York…

Trickle-down economics comes in many forms. Supply-side arguments, these are economic arguments that are most normally associated with tax cuts for high earners, the 1% of Americans, these arguments are used to suggest that the wealthy would be more incentivized to raise output in the marketplace and create better jobs. Demand-side arguments, these as well are associated with subsidies and tariffs, they continue on the argument that the wealthy need protections in order to keep paying their…

(2003). Information Technology and the Demand for Educated Workers: Disentangling the Impacts of Adoption versus Use. The Review of Economics and Statistics, 85(1), 1–8. Retrieved from http://www.jstor.org/stable/3211618 Andrei Jean Vasile, Ion Raluca Andreea, Gheorghe H. Popescu, Nica Elvira, Zaharia Marian, Implications of agricultural bioenergy crop production and prices in changing…

1930s, many European and American economists started to doubt “liberalism” and the necessity of a democratic government, and questioned whether Socialism is a better form. In his book The Road to Serfdom, Hayek powerfully analyzed how the use of economic planning leads to totalitarianism and why the policy of central planning is impractical,…

against a strong economic state, stating that too much interventions will slow down growth and possibilities. The laissez-faire implies that the economy simply cannot be tamed or controlled – whatever happens, let it happen. For someone like me, who comes from a certified Northern European welfare…

assess the impact of fiscal and monetary policy on the activities of Target Corporation in this task. But first, what is fiscal and monetary policy? Fiscal policy is an adjustment policy of the central government meant to control the monetary or economic cycles. Through this, regulators endeavor to improve unemployment rates, stabilize business cycles, control inflation and influence interest rates with an end goal to control the economy. That implies that administration tries to settle economy…

Forty years ago, ecologist Garrett Hardin popularised an economic theory on the depletion of common resource with the release of his thesis titled The Tragedy of Commons (Hardin, 1968). The worlds then population was less than half what it is today, yet he recognised that "a finite world can support only a finite population” (Hardin, 1968, p.78). Despite the irrefutable logic of this analysis, Hardin’s work is widely condemned, both for its failure to place adequate weight on the detrimental…

The Vodacom Group Limited 2013 Annual Report stated that in 2012, Vodacom appointed the Economics Information Services to assess and document the broader social and economic contribution that the company has made to South Africa between 2006 and 2011. The purpose of this evaluation was to retrospectively measure Vodacom South Africa’s impact and contribution to the economy as an operator supporting economic transformation, an employer and a corporate citizen. The research was completed during…