The Economist

according to how much happiness it produced.” Fox indicates in his article that GDP makes wrong measurements and is not sustainable, and that there are other metrics to replace GDP. Happiness with the well-being of the economy is important and while economists tend searching for alternatives to GDP it needs to be improved. As to Fox’s article on the well-being of the economy I disagree with what he mentions. GDP is a good method for the economy’s and there are indeed other metrics that can be…

The articles, “Ten years on; International banking”, “When the music stopped; A brief history of the crisis” and “The millennial problem; Recruitment” by The Economist, were all very insightful into the 2007 financial crisis. It’s crazy to think that over a decade has passed and the country still has not fully recovered. Prior to reading these articles, I knew very little about the financial crisis and all its consequences. I was aware the financial crisis was due to banks lending out loans to…

• Discretionary vs. Nondiscretionary Fiscal Policy 685 A discretionary is the changes made by the government. It could be taxes or spending. Changes can be made every year by the president or congress. When changes are made, it’s done to expand the economy. A nondiscretionary change is when it occurs without the congressional action, so it happens automatically. Within this policy the laws can make the economy slow down or fasten up without making a new law. When it slows down, the government…

The United States is no stranger when it comes to shortages, however, a skilled labor shortage could prove problematic. An article published by the economist looked at the labor shortage experienced in Atlanta, in particular, the Atlanta Media Campus and Studios. Although this article brought up some valid information, it oversimplified the issue as a whole. This paper will address some of the points not mentioned in the article and conclude with how the information is relevant and helpful to…

This paper will be a book analysis on, “The Problem with Socialism” by Thomas DiLorenzo and the problems that arise with socialism. The author writes about the issues that socialism may bring into a country as well as examples and historical references of past socialist reforms that have occurred. The author is a professor of economics at Loyola University and he is also a member of the senior faculty of the Mises Institute. The reason why he wrote this book is to bring the consequences and…

Income inequality is one of the most important issues in today’s society. Economists and social scientists have always been arguing about the repercussions of inequality on nation states. Although for many years inequality was seen only strictly as an economic phenomena, Recently major scholars have been arguing that inequality is a threat to democracy and political representation. Regarding this growing topic, different books have been published in order to increase awareness among the ignorant…

$100 billion annually. Taxpayers across the nation pick up the bill by paying for the medical care of victims on medicaid and pay for funding law enforcement as well as the criminal justice system. It is worth noting that all of the stats noted by economists only take account of fatal mass shootings. Non fatal mass shootings are sometimes more expensive for taxpayers than fatal shootings. They tend to have higher costs due to ongoing rehabilitation costs and medical costs. Overall, gun violence…

The national economy can be described as what keeps the nation working as a whole. Economists have figured four stages the economy goes through repetitively called the business cycle. This is used so they are able to predict an upcoming recession; also to see when the economy is expanding and by how much. Just like the government, there are two different sides to every theory on how things should be handled. This being rather how to improve the economy, or how to move the country out of a…

Mathematical economists depend on this so-called classical separation, or later kinds of it, to forecast the belongings of economic policy. Assume a macroeconomist is reviewing monetary policy from a central bank, such as the Federal Reserve. When the Fed involves in open market operations, the macroeconomist does not accept that variations in the money supply will variation future capital equipment, employment stages or actual wealth in long-run equilibrium. This gives the economist a much…

relate to the Economics of Health and Medical Care. This article was published in the American Economic Review, December 1963, yet still has significant information related to today’s economics within the health care system; “the ‘norm’ that the economist usually uses for the purpose of such comparisons is the operations of a competitive model, that is, the flows of services that would be offered and purchased and the prices that would be paid for them if each individual in the market offered or…