Supply-side economics

Purpose Economy vs. Creative Economy Aaron Hurst describes the fourth economic stage as the purpose economy (following the knowledge economy). As humans, we have a fear of not mattering. Because of this, Hurst predicts our next economic era will be centered around our individual quest for purpose. Each of the previous economies have made mankind ‘faster, stronger, smarter,’ but now mankind is turning back to a more ‘human’ way of doing things. Purpose is a choice, according to Hurst, which…

properly. Specifically, White supremacy justifies discriminatory actions which lead to poverty, miseducation of youth, and over criminalization. It will be argued that collective economics and politics in the African-American community will reduce, and even begin to reverse the effects of White supremacy,…

interaction and unification among the people, companies, and government of the separate nations. The driving factors behind globalization are investment and international trade, which are supported by technology. The association of sporting, cultural, and economic activities are the underlying cause of the connectivity component of globalization. The relationship between these activities have been increasing at a positive rate, leading to the spread of different cultural life across the world. …

people looking to settle. However, there are also more economic triggers for the expansion of the Vikings in addition to other demographic and social aspects of Viking society. These include a variety of trading connections that have existed in the Baltic for years, the availability…

Anjali Chaudhry’s research, “In response to globalization and increased competition, organizations are implementing change programs such as downsizing, corporate mergers, restructuring, and sometimes outsourcing to stay competitive. With the recent economic downturn, it seems likely that the new workplace reality will significantly redefine employment relationships and have an impact on individuals’ psychological contracts.” (Anjali Chaudhry, 2011). Therefore, these external factors have a…

The Great Recession began in December of 2007 and continued through 2010. This all began with the bursting of the housing bubble. The resulting loss of wealth led to sharp cutbacks in consumer spending. This loss of consumption, along with the financial market chaos triggered by the bursting of the bubble, also led to a collapse in business investments. As consumer spending and business investments dried up, massive job loss followed. In 2008 and 2009, the U.S. labor market lost millions of…

which is independent from nonhomotheticities, that is, it is assumed that a(p) does not vary with the level of income. Though this is a plausible assumption within a country, across countries it is more like to vary given the differences in the level economic prosperity and tastes of countries. This is important as βj is interpreted as the income elasticities of the good and so βj’s for various countries for the same good are directly comparable, that is, income elasticities of the same…

is an agreement involving 12 nations in the Pacific Rim. Although not yet ratified, this free-trade agreement (FTA) is a significant and purposeful step in the international cooperation of these 12 nations. It is an extension of the Trans-Pacific Economic Partnership (TPSEP), an agreement among four nations, which involves three of the nations that signed the TPP: Singapore, New Zealand and Brunei. This is the first trade agreement of the 21st century and it is ready to make a big impact in the…

& Scannell, 2000). In a globalized world, national borders become porous, as connections between people and organizations are transformed by ever-changing cultural and economic forces (Petersen et al, 2000). At the same time, businesses need funding on a regular basis for ongoing expenses such as payrolls, utilities, and supplies; for investments in the future like research and development; and for long-term investment in buildings and equipment (Summerville, & Dai, 2012). To meet these needs,…

people, services and information around the world (Dewhurst, Harris, Heywood, & Aquila, 2012). Increased economic interdependence, political affiliation and cooperative social action among countries has resulted into porous national borders (Petersen, Frayer, & Scannell, 2000). At the same time, businesses need funding on a regular basis for ongoing expenses such as payrolls, utilities, and supplies; for investments in the future like research and development; and for long-term investment in…