The Economist

In “For Richer, For Poorer”, The Economist (2012) is about the growing income inequality, which is one of the global biggest social, economic and political challenges, It also examines how this growing inequalities create a wider income gap between rich and poor and suggests some solutions to resolve it. The article mentions, to give the income inequality background that the concern of inequality existed long time ago and became better with the time in the way that the live standards of the poor…

in Indonesia due to the production of palm oil (Economist 2010). They do this by creating social media campaigns, boycotting certain products, and even putting on live shows in big cities to display the negative effects of palm oil (Economist 2010). In response to these attacks by green activists, companies that use palm oil are changing their palm oil buying policies and they are paying more attention to the supply chain of their products (Economist 2010). More than 20 large, international…

piece of knowledge is to understand how economists think, particularly how and why they think about markets. Health economics emphasizes some market failures which lead to poor health outcomes or high costs or both, and it concentrates especially on issues of how health care is paid for - the sources of funding, the pooling of those funds to provide protection from financial risk, and their use to purchase goods and services. Better understanding between economists and health professionals can…

tone. The Economist’ critical and bothered tone is more effective than Rampell’s formal yet contemplative tone. One example of the Economist’ critical tone is seen when the author is describing a troubling situation where colleges are spending money they do not have. They write,” At the same time, universities have been spending beyond their means. Many have taken on too much debt and have seen a decline in the health of their balance sheets.”(The Economist 686). Here, we see the Economist…

Economists Robert Shiller and George Akerlof liberated their thoughts and findings in Animal Spirits: How Human Psychology Drives the Economy, and Why it Matters for Global Capitalism in 2009. Both Shiller and Akerlof are highly recognizable names when it comes to economics. Akerlof is a professor of economics at the University of California Berkeley and is recognized by his achievements in 2001 where he was the Nobel Prize winner for economics. At Yale University, Shiller is also an economic…

Combining different specialty fields would allow for a more fluid society, in comparison to a rigid society displayed by the economists. With the combination of these two branches, ideas from both groups could contribute to a better social outcome, which is something that the author believes in. He feels that today's societies are more heavily weighed on that of economists since most societies attribute their stability to a strong and stable economy. But in fact, incorporating sociologists into…

According to several researchers, compared with the level of extreme poverty of over a century ago, we have. The Economist mentions that one means of reducing global poverty, and increasing global equality could be "freeing trade between countries," and "within them," thus giving them a way to both earn money within their own countries, and without (The Economist, 2013). Another point is that most of the Western world, in its affluence has sought to "constrain markets and roll globalization…

John Maynard Keynes is reflected as one of the prime economists of all time. Keynes was born in Cambridge, England. He was raised in life full of academic achievement. John Neville Keynes, his father, was a well-known economist and registrar at Cambridge University. His mother, Florence Ada Keynes, was a writer and an advocate for social welfare. She became the first female mayor of Cambridge. From 1897 to 1902, Keynes attended Eton, and he later entered King’s College on scholarship. “The…

Developed in the late 18th century, classical economics contains the idea of economists who hold various theories regarding how society works under the backgrounds of emerging capitalism. Though with occasional theoretical variations, each classical economist shared similar thoughts and advanced these hypotheses of former writers. Discussed by the most influential classical economists Adam Smith and David Ricardo, one specific distinctive of classical economics is its theory of wages in which…

each other if they wish to increase their wealth. North discusses that even secular economists can study some of the results of sin, such the flood, or the Tower, and secular economists are able to find positive uses in each of these “curses”, but Gary claims that they are epistemologically incapable of regarding these “givens” as originally ethical to origin (North, 1973). Sin has created a divide and secular economist are unable fully understand what happens in the world, moreover, they are…