The Economist

Ann Coulter is known by many Americans as a highly conservative woman that argues against illegal immigration, same-sex marriage, abortion, and drugs. She speaks out about highly controversial topics which most people find unpleasant. Because she is very bold when it comes to voicing out her opinions, she is often criticized for being a homophobic, racist, and sexist. In regards to trustworthiness, Ann Coulter is heavily biased towards her own opinion. This is especially true when she stated in…

per year.” That tax estimate is from 1994 and does not even include other taxes, such as sin tax or sales tax, meaning the current value is probably much higher. Estimates show legal cannabis could become a $45 to $100 billion market, according to economist Stephen Easton in 2010 (Bradford). These profits would be very beneficial to the United States as the economy has been slowly degrading. On top of the large amount of jobs created and the economic earnings, legalization would also allow for…

Income Gap Inequality: A Dividing Problem - Literature Review Introduction Income inequality is a pressing issue for many economists, researchers, and politicians. The gap between the top 1% and the other 99% of Americans has increased for the past three decades (DeSilver; Cobb; Milanovic; Hatch, Ribgy; Jacobs, Dirlam; Cooper, Palumbo, Lutz). Income inequality is defined as the uneven distribution of income in the population, and the gap between the wealthy and everyone else (Priester,…

Economists have long been interested in the way that consumers behave. One of the main determinants of the consumer behaviour is the concept of utility. Economists define utility as the satisfaction someone gains from the consumption of a good or service. A person buys a product because it provides satisfaction. The more a person buys the greater the total utility he or she will receive. Total Utility (TU) is the total satisfaction gained from consuming a given number of goods. However, total…

Amateurism Hiding the NCAA Cartel President Theodore Roosevelt in 1906 urged for the creation of an organization to help implement rule changes needed to increase safety for football players. The organization that was founded in response to Roosevelt’s urging was the Intercollegiate Athletic Association of the United States. Four years after its founding the organization changed its name to the National Collegiate Athletic Association (NCAA). The NCAA’s main focus in the years following its…

Speaker-Steven D. Levitt, labeled as a “rogue economist” explores the causes behind many of the world's economic situations, such as how a woman’s fight for the right to abort her baby led to the decrease in criminals 50 plus years later, or how crack gangs show an uncanny resemblance to a capitalist enterprise. Levitt, sees beyond the average economist and looks to solve the riddles that define our economy today. Many people may see Levitt’s ideas as anything but economics. That is because…

these books are “The Tipping Point: How Little Things Make a Big Difference, Blink: The Power of Thinking Without Thinking, Outliers: The Story of Success, and What the Dog Saw: And Other Adventures.” (Home, n.d) Gladwell also mentions sociologist, economist, and psychologist. All of these people are of high position and also contribute to this theory of The Matthew effect. Psychologist Roger Barnsley wife, first noticed the significances of the junior hockey league. She was…

to account for direct labor expenses and they need to change the price of the product if they are producing one. Although none of the researchers can come to the conclusion if raising the minimum wage will cut jobs. Zwolinski talks about how the economist cannot pin if unemployment will go up or down. One thing for sure is that as technology increase the possibility of outsourcing to technology. A possibility of business using more machines to replace workers to cut the expenses of paying the…

Over the last 8 years since the housing market collapse our society has struggled to get back to what we once felt was a goal for many in life, being a homeowner, and although for some this may still be a reality the harsh truth is that for a big segment of the population it is not. Today’s demand for homes in the US is at the all time high, but the supply on the other hand has not been able to match the demand and for good reasons. In 2008 we suffered what was one of the worst economic melts…

The 2008 financial crisis has been described as the worst financial crisis since the Great Depression. Most economists agree that the crisis began in 2006, when housing prices began to decline, leading to the collapse of the subprime mortgage market in 2008. The subprime mortgage market had been in place since the 1990s, and lacked regulation. The lack of regulation due to corruption among mortgage securitization companies in the 1990s ultimately led the collapse of the economy 2 decades later.…