Economics

Polygyny
Polygyny
Polygyny A Cross Cultural Perspective of Polygyny As an institution, polygyny, the social arrangement that permits a man to have more than one wife at the same time, exists in all parts of the world. From our present knowledge, there are very few primitive tribes in which a man is not allowed to enter into more than one union. In fact, ethologists now believe that only one to two percent of all species may be monogamous (Tucker). None of the simian species are strictly monogamous; our closest r
Living With China
Living With China
Living With China This is a book Summary I did for an International Polictics Course. I do not wish to have my name published, because if the teacher found out I submitted it I would be expelled. I attend SUNY in NY, USA. I recieved an A on this paper. The only comments she made was that I needed to replace the Whichs with thats & I needed to have a page for siting. Book Summary : Living With China Living With China: U.S. -China Relations in the Twenty-First Century is a book edited by Ezra F.
Modest Proposal
Modest Proposal
Modest Proposal Criticisms in Jonathan Swift’s ‘A Modest Proposal’ A satire is a literary work in which human foolishness and vice are criticized. Satire employs humor and wit to ridicule human institutions or humanity itself, in order that they might be remodeled or improved (Random House). A Modest Proposal, by Jonathan Swift is a prime example of a satire. Throughout the piece it is difficult to know exactly whom and what Swift is criticizing. This is because Swift criticizes three groups of
Business Tycoons In US
Business Tycoons In US
Business Tycoons In US The Business of the United States is Business, a great man once said. The United States has heralded around the globe for its incredible economic system. The growth of the United States started off small with minor discoveries and inventions, such as oil and electricity, and with those in place emergence of new technologies and innovations came underway. The railroads came about very slowly and became very popular. A man named Henry Bessemer came up with a way to make s
IT Technology
IT Technology
IT Technology The successful company will be driven to increase stakeholder value and profitability while creating a working environment that encourages and nurtures the growth of personal creativity and development as well as nurturing a sense of well-being for all members of the organization. When dealing with the forces that drive industry competition, a company can devise a strategy that takes the offensive. This posture is designed to do more than merely cope with the forces themselves; it
Methanol As Fuel
Methanol As Fuel
Methanol As Fuel This section is about methanol fuel cells for our future. Since I have done this research I have never realized how important future fuels are. Methanol is a liquid fuel made form natural gas or renewable biomass resources. Methanol is the leading candidate to provide the hydrogen necessary to power fuel cell vehicles. The commercialization of methanol-powered fuel cells will offer practical, affordable, long-range electric vehicles with zero or near zero emissions while retain
Computer Role In Society
Computer Role In Society
Computer Role In Society Since the first computer was made in the late fifties, the technology has developed extremely. Computers which took the place of a living-room then, are now being made in creditcard-formats. More and more areas are being taken over by the computer. As computers are capable of handling large amounts of data in a very short time, they are well suited for wordprocessing. I guess that it won\'t be long till all the paper-archives are replaced by magnetic tapes and diskettes
Computers In World
Computers In World
Computers In World Since the first computer was made in the late fifties, the technology has developed extremely. Computers which took the place of a living-room then, are now being made in creditcard-formats. More and more areas are being taken over by the computer. As computers are capable of handling large amounts of data in a very short time, they are well suited for wordprocessing. I guess that it won\'t be long till all the paper-archives are replaced by magnetic tapes and diskettes. A di
Adam Smith
Adam Smith
Adam Smith Adam Smith was born in Kirkcaldy, Fife, Scotland. His exact date of his birth is unknown but he was baptized on June 5, 1723. At the age of fifteen, Smith began attending Glasgow University where he studied moral philosophy. In 1748 he began giving lectures in Edinburgh where he discussed rhetoric and later he began to discuss the economic philosophy of the simple system of natural liberty which he later proclaimed in his Inquiry into Nature and Causes of the Wealth of Nations. In
Asian Crisis
Asian Crisis
Asian Crisis A large economic downturn in East Asia threatens to end its nearly 30-year run of high growth rates. The crisis has caused Asian currencies to fall 50-60%, stock markets to decline 40%, banks to close, and property values to drop. The crisis was brought on by currency devaluations, bad banking practices high foreign debt, loose government regulation, and corruption. Due to East Asia’s large impact on the world economy, the panic in Thailand, Indonesia, Korea, and other Asian countr
Balance Sheet
Balance Sheet
Balance Sheet Although the balance sheet was first implemented just a couple of centuries ago, it has quickly developed and sophisticated to become nowadays a widely used and powerful tool in the hands of professional users, well known and popular even among the mass public. In spite of its prominence, or may be because of it, the balance sheet can not be easily and fully described in a few words, but still, if we leave aside its various functions and forms and any other subjective factors, we
Brazilian Economy
Brazilian Economy
Brazilian Economy An Economy Recovering From Chaos. Brazil earned the reputation of being a miracle economy in the late 1960s when double-digit annual growth rates were recorded and the structure of the economy underwent rapid change. Since 1981, however, Brazil’s economic performance has been poor in comparison to its potential. The country’s dramatic reduction in output growth, which averaged an annual GDP growth of only 1.5 percent over 1980-93, reflected its inability to respond to the ev
Buddhist Economics
Buddhist Economics
Buddhist Economics Most people think that religion and economics don’t mix. So you would think the same in the case with Buddhism and economics. But actually the there is a set of rules that go along with our modern day economics that have their own meanings. Buddhists believe that spiritual health and well being go hand in hand. They use the fundamentals of practical ecnomics and mix it with the values and morals of Buddhism. The Buddhist point of view takes the function of work to be at least
China Economic Growth
China Economic Growth
China Economic Growth Two years after the death of Mao Zedong in 1976, it became apparent to many of China\'s leaders that economic reform was necessary. During his tenure as China\'s premier, Mao had encouraged social movements such as the Great Leap Forward and the Cultural Revolution, which had as their bases ideologies such as serving the people and maintaining the class struggle. By 1978 Chinese leaders were searching for a solution to serious economic problems produced by Hua Guofeng, the
Chinas Economics
Chinas Economics
Chinas Economics For various reasons, China has always been an important country in the world. With its increasing large population, it was determined by other countries that is has a lot of economic potentials. In just one decade and a half, China has transformed itself from a giant that use to live in poverty into a wealthy powerhouse to the world economy. With one-fifth of the world¡¦s population, China is now producing 4% of world merchandise and a proportion of global production. It has als
Chinese Economic Reform
Chinese Economic Reform
Chinese Economic Reform Two years after the death of Mao Zedong in 1976, it became apparent to many of China\'s leaders that economic reform was necessary. During his tenure as China\'s premier, Mao had encouraged social movements such as the Great Leap Forward and the Cultural Revolution, which had had as their base ideologies such as serving the people and maintaining the class struggle. By 1978 Chinese leaders were searching for a solution to serious economic problems produced by Hua Guofen
Chinese Economic Reform
Chinese Economic Reform
Chinese Economic Reform Two years after the death of Mao Zedong in 1976, it became apparent to many of China\'s leaders that economic reform was necessary. During his tenure as China\'s premier, Mao had encouraged social movements such as the Great Leap Forward and the Cultural Revolution which had had as their bases ideologies such as serving the people and maintaining the class struggle. By 1978 Chinese leaders were searching for a solution to serious economic problems produced by Hua Guofen
Chinese Economics
Chinese Economics
Chinese Economics The social values and history have shaped and formed the economical developments and the current environment of business in the People\'s Republic of China. They have determined the patterns for negotiation and the Chinese perceptions of business, and their feelings towards westerners. The implicit and explicit rules that the Chinese society has on the development of businesses, and the economy in general, are very important issues for any person going into China to understand
Economic Growth US
Economic Growth US
Economic Growth US Economic growth can be defined as increases in per capita real GDP (gross domestic product) measured by its rate of change per year. Growth rates are very important because even a small change can make vast difference in the coming years. The knowledge of economic growth is also important because it can provide the means to allow us to gain valuable insights. According to Robert D. McTeer, president and chief executive officer of the Federal Reserve Bank of Dallas, two factor
Economic Growth
Economic Growth
Economic Growth Economic growth refers to the rate of increase in the total production of goods and services within an economy. Economic growth increases the productivity capacity of an economy, thereby allowing more wants to be satisfied. A growing economy increases employment opportunities, stimulates business enterprise and innovation. A sustained economic growth is fundamental to any nation wishing to raise its standard of living and provide a greater well being for all. Gross domestic prod
Economic Indicators
Economic Indicators
Economic Indicators The million (or should we say \'billion\' now) dollar question is whether or not the United States\' economy will stay in it\'s record 107 month expansion (according to the index of leading indicators) or come out of the boom and take a downturn into a recession. Nobody, including the Chairman of the Federal Reserve, Alan Greenspan has a crystal ball to provide insight as to what will happen if interest rates are raised, lowered, or left alone. However, Economists have devel
Economic Regulation
Economic Regulation
Economic Regulation The U.S and the world economy like everything else have its ups and downs. The government plays a crucial role in deciding how the economy will set over time. An Economist by the name of John Maynard Keynes felt that if either inflation or unemployment got out of hand, the government could adjust the business cycle to balance the economy. Keynes was more geared toward the bigger picture and focused on macroeconomics. His work led to the government and many economists believi
Ethics And Economics
Ethics And Economics
Ethics And Economics The term ethical and economics should never be put into the same sentence. They are almost oxymoronic in the sense that in order for one to succeed on an economic level, ethics are usually never involved. America as we have come to know it is a world full of mice and snakes. The mice are those in society who voluntarily choose to live off of the prosperous, as the snakes go out and get their prey. The capitalistic society we live in known as America is truly what we make of
European Union
European Union
European Union The managed exchange rate system deals with trade rate between countries. Managed rates assume that one country sets the monetary policy, takes the exchange rate that is given, and assumes the other country will go along with that rate. The other country then tries to reduce inflation by setting their own exchange rate. The managed exchange rate system slows down exchange-rate movement through the foreign trade market intervention. The whole purpose behind the European Union is t
Farming Problems
Farming Problems
Farming Problems The complexion of farming is changing radically. The land cannot support as many farm families as it did in an earlier time. Small farms are being consolidated into larger ones. General farms, with several kinds of crops and a barnyard of farm animals, are yielding to specialty farms that concentrate on a single major crop. Family farms are declining; corporate farms are increasing. Efficiency is growing. Crops are changing. Techniques are improving. Just as the train, tractor,
Federal Reserve System
Federal Reserve System
Federal Reserve System Why do a report on the Federal Reserve System? This is a question I went over in my head while making a decision on the type of report to do, and what I wanted to learn more about and why. Over the past few years I have realized the impact that the Federal Government has on our economy, yet I never knew enough about the subject to understand why. While taking this Economics course it has brought so many things to my attention, especially since I see inflation, gas prices,
Free Market Defense
Free Market Defense
Free Market Defense Ludwig von Mises: Defender of the Free Market Ludwig von Misis thoughts on human behavior, socialism, and money and credit have had a major impact on economic thought. He championed true free markets and is seen as a defender of liberty. Former President of the United States Ronald Reagan said Ludwig von Mises was one of the greatest economic thinkers in the history of Western Civilization. Through his seminal works, he rekindled the flames of liberty. As a wise and kindly m
Future Technology
Future Technology
Future Technology People often think that future is all about flying cars, robots and space travelling. Maybe it will be like that, who knows, but at least until this day the changes haven’t been remarkable. Companies are all the time investing more money on research and development. This indicates that companies and government are interested to achieve and find new technological inventions that would change the markets. All ready one of the computer related inventions, Internet, has changed th
Government Spending
Government Spending
Government Spending As many Federal departments and agencies lurch into an era of running without funds, the leaders of both parties of Congress are spending less and less time searching for a compromise to balance the budget, and more and more time deciding how to use it to their advantage on the campaign trail. Meanwhile money is easily borrowed to pay for government overhead. In an attempt to change this, on June 29, Congress voted in favor of HConRes67 that called for a 7 year plan to balan
Hayek And Business Cycle
Hayek And Business Cycle
Hayek And Business Cycle Friedirch August von Hayek was born in Vienna on May 8, 1899 and died on March 23, 1992, in the city of Freiburg in Breisgan in Germany. Hayek was a central figure in 20th-century economics and he represented the Austrian tradition. After Hayek served military service, he became a student at the University of Vienna where he got his doctorate in law and political science. In 1923-4, Hayek visited New York and then returned to Vienna where he continued his work. Hayek be
History Of Asian Economies
History Of Asian Economies
History Of Asian Economies Korea was one of the poorest countries in world after experiencing two wars. World War II and Korean war (1950 1953). The country even experienced a food shortage so that it had to heavily rely on the foreign aid. Yearly per capita consumption was a mere $88 as late as 1965. However, since 1965, Korea has been transformed from its underdeveloped agricultural economy to a leading Newly Industrializing Country. Between 1965 and 1981, its gross national product GNP multi
History Parallels In Economy
History Parallels In Economy
History Parallels In Economy As one can see there are many striking parallels between the Gilded Age or the era from the eighteen eighties to the eighteen nineties compared to the Silicon Age of the nineteen eighties to the nineteen nineties. The preconditions for these two massive economic booms share similar birth paths laid in laissez faire policy, no regulation or deregulation and innovative booms. Before the 1880\'s there was no real conflict between the welfare of the American people and
Immigration And Economics
Immigration And Economics
Immigration And Economics Population changes continuously over the past in the Canada. There is two type of changing in population. One of them is the natural increase since the New France is become the colony in 1665. The other type is immigration from or emigration to other countries. People immigrate to Canada because there is an advantaged condition than their own country to induce them. Canada has fertility natural resources that are fur, fishery and timber. In the earliest of Canada prior
In Search Of Excellence
In Search Of Excellence
In Search Of Excellence In Search of Excellence is a book dealing with many different principles of economics and what makes big business\' excellent. The first idea that Peters discusses is his chart of the McKinsey 7-S Framework. The graph is very simple but the ideas are fairly complex. In their research, they found that their philosophies were too hard to explain and easily forgettable. They made this Framework to deal with strategy, structure, style, systems, staff (people), skills, and sh
Inflation Evaluation
Inflation Evaluation
Inflation Evaluation Today it is almost impossible to pick up a financial journal without seeing news on the bull market that some consider to be overvalued. Overvalued or fairly valued, only the future will show the truth. Either way, this market is one that has shown greater run ups and returns, than any other market in history. (Reference Appendix #1a) Recently the Dow Jones Industrial Average has reached historical highs and then receded back to previous levels, leaving investors who are us
Intel Corporation
Intel Corporation
Intel Corporation A corporation is a business that, although owned by one or more investors, legally has the rights and duties of an individual. Corporations have the right to buy, sell, and own property. Corporations may make legal contracts, hire and fire workers, set prices, and be sued, fined, and taxed. A business must obtain a charter of incorporation from a state legislature or Congress to be legally recognized as a corporation.(Watson, p211) While corporations didn\'t exist until the
Keynesian Economics
Keynesian Economics
Keynesian Economics Two controversial economic policies are Keynesian economics and Supply Side economics. They represent opposite sides of the economic policy spectrum and were introduced at opposite ends of the 20th century, yet still are the most famous for their effects on the economy of the United States when they were used. The founder of Keynesian economic theory was John Maynard Keynes. He made many great accomplishments during his time and probably his greatest was what he did for Amer
Labor Unions
Labor Unions
Labor Unions A labor union is as defined in the dictionary, an organization of wage earners formed for the purpose of serving the members\' interests with respect to wages and working conditions. Today there are about 16 million workers in the U.S. that belong to a labor union. The pressure upon the employers to raise wages and improve working conditions in a major goal of the labor unions. Labor unions have been around for a long time. The earlier unions were called craft unions, consisting of
Laissez-faire Economy
Laissez-faire Economy
Laissez-faire Economy Concept of the Invisible Hand in a Laissez-faire economy By preferring the support of domestic to that of foreign industry, he intends only his own security; and by directing that industry in such a manner as its produce may be of the greatest value, he intends only his own gain, and he is in this, as in many other cases, led by an invisible hand to promote an end which was no part of it. Adam Smith, Inquiry into the Nature and Causes of the Wealth of Nations 1776. What
Law Of Diminishing Returns
Law Of Diminishing Returns
Law Of Diminishing Returns The Law of diminishing returns is a key one in economics. It is used to explain many of the ways the economy works and changes. It is a relatively simple idea; spending and investing more and more in a product where one of the factors of production remains the same means the enterprise will eventually run out of steam. The returns will begin to diminish in the long run. If more fertilizer and better machinery are used on an acre of farmland, the yield will increase fo
Macro Economics
Macro Economics
Macro Economics Classical macroeconomics is the theory and the classical model of the economists Adam Smith, David Ricardo, John Mills and Jean Baptiste Say. Below the assumptions of the classical macroeconomics are described. 1. Assumptions: · Competitive markets: Classical theories all make many assumptions about the markets and their competitiveness.these assumptions are that all the markets are easy to enter and exit. No monopoly elements are present in the market to prevent newcomers from e
NAFTA
NAFTA
NAFTA Mexico and the United States along with Canada have entered into a trilateral free trade agreement called the North American Free Trade Agreement otherwise known as NAFTA. NAFTA has got to be the largest trading agreement in history; the agreement creates a single market of 370 million consumers. The people of NAFTA talk about potential gains from increased free trade between Mexico and the U.S. as the two countries remove tariffs, other trade barriers and restrictions on investment so th
NAFTA
NAFTA
NAFTA If NAFTA made this agreement, people would be able to move about Canada, the United States, and Mexico with ease. The unskilled workers in Mexico would migrate to El Norte, looking for higher paying jobs. The supply of workers in Mexico will drastically decrease. Only the terminally ignorant, or those with families in Mexico, would stay in a poor country and earn low wages. On the other hand, the United States\' supply of workers will increase drastically. Canada\'s supply of workers wo
NAFTA
NAFTA
NAFTA On January 1, 1994, Canada, Mexico and the United States passed the North American Free Trade Agreement (NAFTA). Promoted to Congress by the Clinton administration, with the assurance that it would give rise to more jobs - exactly how many though, is not precisely known. Yet, according to the Journal of Commerce, the U.S. went from having a $5.5 billion trade surplus with Mexico before NAFTA, to having a massive $16 billion trade deficit today. At the same time, it is estimated that 400,0
Nobel Prize Winners
Nobel Prize Winners
Nobel Prize Winners The theories of these five men: John C. Harsanyi, John Nash, Reinhard Selten, Robert W. Fogel, and Douglass C. North, made an abundant progress in the Economic Sciences in America and the economy. For these great accomplishments, these five were awarded the Noble Peace Prize in Economic Sciences in 1994(Harsanyi, Nash, Selten), and 1993(Forgel, North). The three economists who was awarded the Noble Peace Prize in 1994 for their excellent work and progress in game theory was
Pakistan
Pakistan
Pakistan My topic deals with Pakistan, its relationship with the IMF and World Bank, and its internal problems that are causing unemployment, poverty, economic crisis and hunger. I shall be analyzing the situation using the neo-classical theory, as it is what the economists of the Pakistan government and the IMF are using to alleviate the economic instability of the country. Situated in the sub-continent, Pakistan is a low-income country, with great promise for growth. Unfortunately, it is held
Ricardo's Theory Of Value
Ricardo's Theory Of Value
Ricardo\'s Theory Of Value One of the enduring questions of economics is Where do profits come from? One of the ways in which economic philosophers have tried to answer it is by first answering the question of value. At the center of most economic paradigms is a Theory of Value. The classical political economists found value to be determined in production; since most of the cost of production could be reduced to labour, this approach was refined into The Labour Theory of Value. Neoclassical ec
Supply And Demand
Supply And Demand
Supply And Demand Economics, supply and demand In the article we find that teenagers have the oppertunity to be demanding about their salary in the baby sitting field, because the amount of babysitters today are scarce. The babysitting population, teenagers, find themselves busy with school, part time jobs, and extracirricular activity. Teenagers with drivers licenses are even more scarce than those with out, all in all, It\'s hard to find a babysitter. Times have changed, just twenty years ago
Trade In Ancient Greece
Trade In Ancient Greece
Trade In Ancient Greece When we discuss the economics of the ancient world, we must be careful not to use the formal Economics which we employ in analyzing our own society, since Economics is a function of the way a society runs, not the set of rules under which a given society operates. We cannot remove ourselves from awareness of the economic disciplines which our schools teach, and even if we formally try to suspend Economics as a framework, we retain the image of the economic framework in o
Trade Unions
Trade Unions
Trade Unions A trade union is an independant self-regulating organization of workers created to protect and advance the interests of its members through collective action. Over recent years, it has become fashionable in many quarters to write off Britain’s trade unions, to label them as obsolete institutions out of touch with new realities and incapable of change. In today’s world of individual employment contracts, performance-related pay schemes, Human Resource and Total Quality Management