The Economist

the July/August 2015 issue of The Atlantic, brings to light to what may be our future if technology continues advancing. Thompson uses plenty of evidence to cover his article. Everything from American history to statistics to theories produced by economists. The evidence that Thompson uses, is what makes this article great. This paper will focus on the details Thompson uses in this article, as well how he uses his evidence see both sides of the spectrum, the good and the bad. To start off the…

This week 7 episode was about “Inflation and Bubbles and Tulips” and how these things affect us in our daily lives. Inflation is when people have a lot of money and bid off for things also known as Demand Pull inflation, another cause of inflation is when producers raising prices and producing less because of an increase in production cost.The global rise in home prices the biggest bubble in history when each person is betting that they can sell at a higher price but you run out of buyers and…

There are many controversies surrounding free trade, especially because there are no regulations in free trade. Yet by many economist free trade is very helpful for the economy, and to prove it there are many countries now that have benefited from adopting free trade ideas. The United States is one of several countries that has adopted free trade and has truly seen a growth in their economy because of it. The United States has now made many trade agreements that has highly influenced their…

” says Mateschitz. [Economist, 2002] The company’s brand strategies are based on pushing their limit and generating ideas that are quirky, innovative and beneficial. When Mateschitz first launched the company he asked students to drive around in Minis and Beetles with a Red Bull can strapped on top and persuaded students to throw Red Bull parties with weird and wonderful themes. The only other way he promoted Red Bull was through a series of whimsical TV cartoons. [Economist, 2002] Currently,…

The first study, T. William Lester and Michael Reich compared every county sharing a state border that had different minimum wages (Lester). The economists found that raising the minimum wage rate pulled more workers above the scarcity line of poverty and did not lower employment rates. The study was taken from 1990 through 2006, in which there were several downturns in employment. This result also…

but among the top are "crazy" and a "bad joke." In fact, there are only 2 words out of the top 20 that have a positive connotation (Fig. 1). Within the article titled "Can Donald Trump turn Texas blue?" which was originally published in one of The Economists online blogs, Democracy in America, a claim is made that, at first glance, seems as obscure as this election cycle: Hillary Clinton and the Democratic Party may be able to collect 38 electoral votes from Texas, the largest consistently…

10. Most of the statements from economists saying that reduction in wage costs of labor it increases employment. As it taught in ECON 101. Furthermore, supply-and-demand diagram can’t show the whole picture for minimum wage, because it has limited predictive value comparing with the real world. For instance, the highest federal minimum was from 1967 to 1969, when at the same time unemployment rate was below 4 percent- a historically low level. Today, many economists split up for two sides. On…

John Locke Economist In modern time, economies that are alive and well today are based off of the teachings of centuries of different countries methods and a handful of philosophers. John Locke is one of those philosophers, another one of those famous philosophers was Adam Smith. Both Adam Smith and John Locke were great economists during their times. John Locke focused more on natural rights for citizens and having a government to serve the people. Adam Smith focused on self interest and how…

They claim that Nigerian economic output is underperforming when a comparison is made with that of South Africa. Further claims by the economists as well; posited that on per capita basis, Nigerian economy is three times smaller than that of South Africa. More to this, interview conducted by Aljazeera.net on Nigerians signifies that the sudden surge in Nigerian economy has little or no impact…

Jan Tinbergen, Dutch economist was born April 12 1903 in the Netherlands and passed June 9 1994. He has been remembered and recognized for his benefaction in developing econometrics. Tinbergen’s legacy of ethics began after he earned his doctoral degree in physics from Leiden University. There he studied his favorite subjects, mathematics and theoretical physics. Tinbergen was the eldest of five children; he would be the first in his family to accomplish the winning of a Nobel Prize, coming…