Marijuana Policy Project

Attitudes, Quirk VS. Kachru The monocentric school, led by the British linguist, Sir Randolph Quirk, wanted to unify English variations by selecting a standard that would be used by users of English worldwide. Quirk encouraged native and non-native speakers to acquire and use the standard British English. He wanted to globalize the British standard because the rest of the English varieties are, according to him "neither liberal nor liberating to permit learners to settle for lower…

Pareto optimality is a tool used by normative welfare economist who measures welfare in terms of preference satisfaction. This tool is used for assessing social welfare, resource allocation and to analyze public policy. It was a principle proposed by Italian economist and sociologist, Vilfredo Pareto in order to make high levels of inequality justifiable. An allocation is said to be a Pareto improvement if no alternative allocation could make at least one person better off while not making…

The Answer to the United States’ Toughest Obstacle The Great Depression was a major turning point in United States history. The United States went into a major economic slump in 2008, leaving many people without jobs. Paul Krugman writes about the state of the economy after the depression and how to rebound from it in his book, End This Depression Now! In this book, Krugman talks about the result of the economy following the Great Depression. Krugman provides key suggestions and examples of…

Rachel Cohen's essay, "Education Isn't the Key to a Good Income," published at The Atlantic on 26 Sept. 2017, was written to show the many different studies and opinions on the idea that school quality might not be the most significant force in economic growth. Cohen uses several studies done by well-known economists Raj Chetty and Jesse Rothstein. Though several other people and their opinions were mentioned, the essay was focused around the two main studies. The 25.7 million readers of The…

profession gain providence and they are better organized and were more proactive in their approach. At this period they began to engage in a co-operative relationship with the federal government, even though they criticized aspect of the government policy and the inadequate support on welfare and social issues, they continue to work within the established parameters laid by the…

in price level compared to the Keynes (AS) curve, which will have a large increase in GDP and a smaller or no increase in price level if in the horizontal section. However, the expansionary monetary policy might not be as effective due to time lags, time needed to recognize and time for the policy to take place. Also, it might not be as effective in a deep recession, because in a severe recession banks might be unwilling to increase their lending due to fear that borrowers might not be able to…

Published in the The Journal of Law & Economics in 1985, George J. Stigler and Robert A. Sherwin’s “The Extent of the Market” focuses on using the movements of prices in separate markets to determine if it is only one market. Stigler and Sherwin use examples from the silver, flour, oil, and labor markets to present their method for determining similarity of price movements. To determine if markets are integrated, Stigler and Sherwin propose a test based on the movement of prices; this parallel…

Poverty in Pakistan is also a major issue: a very fast-growing population facing a lot of problem like lack of education, jobs, technology and investment. But the nation is committed for tackling the problem and the poverty rate has fallen by more than 10% in the mid-2000s. According to a report nearly 15 million people who were lifted out of poverty. Media has placed facts and figures in front of nation and gave suggestions to eliminate poverty. The reason why poverty became such an important…

In the introduction to her book “Shock Doctrine: The Rise of Disaster Capitalism” (2007) Naomi Klein illustrates how governments take advantage of natural or man made disasters to introduce exploitive policies and other changes in country while its citizens are still in shock and have to deal with the crises at hand. I agree with Klein’s statement that countries often use Shock Therapy to deal with crises and in my essay I will specifically look at financial crises. The argument I use to support…

development of the economy in many sectors. The reason is simple: the shareholders' interests do not coincide with those of managers. For the first ones it is profitable to "pull" means out from a company, relying on short-term investments. And this policy affects the interest of those who are counting on a longer-term perspective - workers, managers, partners, customers, and even the people of those regions, where…