The Economist

from Mariel Harbor arrived in the United States between April and October, leading to an increase of 7% of Miami’s workforce. The unexpectedness nature of the event, making it similar to a natural experiment, permitted David Card, a Canadian labor economist, to set up an innovative pre/post test design using a difference in difference estimator in his paper “The impact of the Mariel boatlift on the Miami labor market”. The latter study would have a substantial legacy in the economic field for…

Adam Smith Adam Smith was an 18th Century Scottish Social Philosopher and Political Economist who wrote "The Wealth of Nations". In The Wealth of Nations, Smith details the first system of political economy. It is often referred to as "The Bible of Capitalism". Adam Smith's exact date of birth is unknown, although baptismal records show that on June 5, 1723, he was baptized in Kirkcaldy, Scotland. At school he studied Latin, mathematics, history and writing and later on attended the…

trained economists. Islamic economics means to organize economic activity on the one hand and realistic theory on Islamic basis. The Islamic economics argues the method on the grounds that ‘’ Materials and spirit’’ combine the Islamic concept of man. By linking Islamic economics across the western economy to determine topics search tool. The debate about the process of becoming the Islamic methodology in dealing with the priorities of economic activity, where most Islamic economists…

view was that unemployment would naturally take care of itself thru the process of self correction (Rittenberg, 2012). During the depression many people lost their belief in this concept and one of them was John Maynard Keynes, a British economist…

is one of great interest to economists. It is of interests to economist because it involves the percentage change of exchange rates and the difference between the percentage changes in national price levels. The definition of relative purchasing power parity is, “the percentage change in the exchange rate between two currencies over any period equals the difference between the percentage changes in national price levels” (Krugman 416). This is important to economists because it allows them to…

 Dr B R Ambedkar’s Emancipation for Women: Dr B R Ambedkar began his movement in 1920 and meanwhile started journals called MookNayak and Bahishkrut Bharat in order to make women as rationalists. The main of his movement is to emancipate or raise voice for gaining equality especially of oppressed classes. Apart from the chief architect of Indian constitution he struggled for marginalized women and their fulfilment. Dr Ambedkar had believed in the strength of women and their role in the process…

stability for the future. As a result of the rise of income and social inequality over the past few decades, many economists and scholars believe that the gap separating the wealthiest Americans from everyone else will continue to widen unless the United States government puts forth effort to reverse it. Economists, such…

Many economists think they know the most efficient ways to create stable economies, two of the most powerful and influential economists, who have very differing views, are Keynes and Hayek. Both of these economists feel their methods will help to steer the economy into a more stable state, Keynes believes we should have a strong influence over markets, while Hayek believes they need to run their course and build up “real growth”. The Keynesian view was arguably the most popular way to boost an…

However, for all its merits, Utilitarianism contains many flaws and has been proven to be unpractical in our world today. The following relates four areas of similarity between the Areas of Knowledge, Economic and Ethics and the weaknesses that can emerge from applying Utilitarianism. All of these four similarities challenge the measure of happiness; the focus on results versus intentions; the advancement of negative happiness; and also the absence of data to support the theory of Utilitarianism…

2017) (Henley 2017). Both articles are similar in that they are primarily investigating the potential causes behind the upsurge in NRR support. However, as mentioned earlier, they differ in which factors they emphasize. The Economist emphasizes socioeconomic and institutional grievances, citing the “…fear of job losses due to automation and deindustrialization; a backlash against immigration; distrust of self-serving political elites; [and] the echo-chamber effect of information…