Market power

Devin Ray Professor Song Economics 1A 7 December 2017 Essay Number Two (2) Question 1: What is money? What are the differences between M1 & M2? And how do money-market mutual funds differ from M1? Money, as defined by the textbook, “is the set of assets in the economy that people regularly use to buy goods and services from each other.” (text, Ch. 11-1) This definition of money shows the traditional usage of money as exchanged by individuals and firms, however, there is much more to…

In the book The Ascent of Money by Niall Ferguson, Ferguson goes back in time to emphasize that money and the history of finance is the central dogma of human history. As I began the book I was instantly intrigued how Ferguson chose various verbs to name money instead of using the most common one. As I continued the text I realized that it was confusing due to its lack of organization in the timeline of history. None the less he has a solid case in his book about the world of finance, he…

At the beginning of the period, the price of Computers, Inc. divided by the industry index was 0.39; by the end of the period, the ratio had increased to 0.50. As the ratio increased over the period, it appears that Computers, Inc. outperformed other firms in its industry. The overall trend, therefore, indicates relative strength, although some fluctuation existed during the period, with the ratio falling to a low point of 0.33 on day 19. 18. Five day moving averages: Days 1 – 5: (19.63 + 20 +…

After the initial stock market crash in 1929, Charles Foster Kane is forced to relinquish control over his newspaper The Inquirer to the banker Walter Thatcher in return for an allowance. This scene is preceded directly by Kane’s indignant rant against Thatcher’s disapproval of how he runs his newspaper, ending with his statement that if he loses, “ a million dollars a year, I’ll have to close this place... in 60 years,” which provides one of the few moments of comedy, albeit ironic humor, and…

This ‘choice’ is portrayed in neoliberal imagery as a free market of different options. In practice, however, neoliberalism ushers in a decidedly conservative moral agenda, thus restricting the scope of these choices (Barnard Center for Research on Women, 2013). This is why the sex worker can be seen as the ‘moral…

would be in good favor of the general public as they have pure intentions. Individuals would be given more power, more involvement, and more freedoms to make a difference in our society and help diminish automatic government. Unlike another of Howard’s reforms, such as giving more power to the president, the people would become supportive of this reform as they personally benefit and power is given to them and not a single individual. Social acceptance of this reform would be high, it is…

Throughout the play of Macbeth written by William Shakespeare, things always have a twist to them. Deception, which is defined as “the act of tricking someone by telling them something that is not true”, can be seen in the play through the main characters of deception, which are Macbeth, Lady Macbeth and the witches. Women characters are portrayed as manipulative and deceiving characters throughout the play. In the very first scene, it begins with the witches saying “Fair is foul, and foul is…

potential of the individual is revealed. This ignorance is caused by the submission of the portion of society to a higher power who abuses said power. Grant Wiggins in the book A Lesson Before Dying, has started to lose his purpose of staying in his little town and teaching in the plantation school. The kids seem to have no progress with his teachings and even though he has gained some power through an education his social relationship with the whites has not changed. All the goals and dreams he…

In the book The Power of One by Bryce Courtenay, the prisoners serve as a magical support group for Peekay. Since Peekay had come to the prison, he had been respected because of Doc. Doc would play the piano through the night which earned him the nickname of “the Frog”. Peekay gains the nickname of “Tadpole Angel” and Onoshobishobi Inglesi from the prisoners. Peekay also helps run the sandwich fund. “‘We thank him for the tobacco, the sugar, and the salt and for the letters and the things he…

expensive government regulations undermined economic growth because it drained resources from productive enterprises (GML 1028). This revival of the Gilded Age economic liberalism ideology was termed neoliberalism. Neoliberalists advocated for free market economics, weakening of union control, cutting public expenditure for social services, especially welfare and extensive deregulation. It is important to note that prevalence of neoliberalism was substantially driven by grassroots campaigns from…