Participatory economics

influx of public business, rather the main form of capital was land as there was an abundance of it. Now, flashing forward to the modern era where all land is property of some individual, more laws are made, and public entities are in abundance, economic activity is the driving factor. Thus, criminal cases are number one, there is still a consistent number of torts, and there is a significant increase in contract cases. In sum, the business of courts changed as the society did around…

immigrants in the United States, most immigrants do not come to the United States with the purpose of “stealing” others’ jobs. In fact, many immigrants come to the United States to escape impoverished and violence-ridden countries, often seeking economic opportunity and asylum. For instance, some Latin American countries such as Honduras, Guatemala and El Salvador are among the poorest countries in the world, with 30%, 26% and 17% of the respective populations living on less than $2 per day.…

Microeconomics deals with the impact of human beings, through their actions and practices in shaping business industry. Their actions form part of behavioral economics. The behavioral economics sector is mainly influenced or determined by the concepts of the nudge theory. Microeconomics involves the study of the tendencies that occur in economics. The economic tendencies are influenced by the choices made by individuals or the changes that take place in the production factors. This work…

After being slammed into the nearby lockers by his tormentors, the victims sinks to the floor. As he sits there on the dusty school floor, he plots and plans. He is plotting and planning his revenge on those who bring him down. He does not act on those aggressive thoughts, not yet. Flash forward fifteen years, that same boy who was shove into those lockers so many years ago now has been convicted of many accounts of aggravated assault. He has done this so others feel the way he felt, helpless.…

Introduction: When William Phillips first published his paper in 1958 on the relationship between inflation and unemployment, called the Phillips Curve, it became a base model for Central Banks globally to help set their monetary policies(Blanchard, 2010). However, in recent years, this inverse correlation between unemployment and inflation has seemed to vanish. As inflation expectations have anchored and unemployment has lowered, the Phillips Curve has flattened(Phillips Curve May Be Broken,…

In the novel, Scraping By, Seth Rockman illustrates the creation of Baltimore’s delicate economic system. Baltimore, at this time, is the third most populated city. The number of jobs available is very low and if a person managed to find a job in such a competitive city it is often plagued with such low wages that there was no possible way a laborer could be self-sufficient. Wages are determined by the employers. If the workers are abundant, wages would drop as a result. Workers had little to no…

Dr. Larsen Principles of Economics 12 November 2017 Boredom and its Consequences The Freakonomics podcast, “Am I Boring?,” discusses an important topic that not only affects individuals but also affects companies and the economy as a whole. Boredom, is a relatively new topic and there is not wealth of information on the subject. It was not until the time around the First World War that boredom was starting to be studied (Dubner, 2015). It all started when people in Britain began studying the…

continues to claim that an increase in economic prosperity and becoming “rich” (defined in this analysis as high GDP per capita in a global context) will reduce pollution as wealthier nations become more concerned with pollution. Later in the paper Lomborg suggests facing every facet of an issue is necessary to have proper discourse relating to pollution, and currently it is impossible as bias based off who…

Over time we have become so comfortable with blaming others for our own down fall. In economics the government is being blamed for the way the economy according to William m Dugger we as democratic people are blaming the wrong people (the government) for “economic ills”. In his article Dugger argues that we are only shooting our self in the foot because by attacking the government we are hurting our self because the government has been nothing but efficient and very effective to us in terms of…

1. Dicussion Porter's Five Forces analyzes the attractiveness and profitability of an industry by focusing on the threat level of various factors influencing that industry. These forces are listed and explained below. Competitive Rivalry Among Businesses Dunkin Donuts and Starbucks have a high rivalry among each other in the coffee shop industry. One reason for this is that not too many company are emerging in the coffee and breakfast industry, apart from various fast food places like McDonald’s…