Essays Tagged: "economic theory"

A brief summary of the Liberal approach to international political economy.

Today, in classrooms across the country, Liberal economic theory is being taught to students eager (or not so eager) to soak it in like so much "moth ... s of American life - everything from the educational marketplace, to U.S. foreign policy (by way of economic sanctions, or loans). With so many minds focused on, and operating according to the same pr ... s well as the adherent to cut through the jargon and arrive at the root of the discussion - Liberal economic theory and its role in the international political economy of the 21st century. The followi ...

(7 pages) 157 0 4.7 Nov/2002

Subjects: Social Science Essays > Economics > Foreign & International Economics

Recent Oil Crisis - Oil is the major source of energy worldwide and it is expected to remain so over the next few decades. As the technology is changing our environment nowadays,

rises and it is facing another one at the moment. In order to discuss the recent oil crisis and its economic implications I am going to refer to the appropriated economic theory and I will also exam!i ... be seen.Figure 1.1 (Mankiw, 251)Having drawn the appropriate graph it is much easier to analyze the economic implications from an adverse supply shock that is caused mainly by the oil crisis . It is o ...

(5 pages) 396 1 4.7 Dec/2002

Subjects: Businesss Research Papers

The theories and principals of Karl Marx, and the effect his ideas have had on the world today.

cessarily approve of everything that is done in the name of "Marxism" in the Communist world.1. The economic theory of historyMarx's view was that economics determined human history. This economic the ... s view was that economics determined human history. This economic theory of history held that men's economic needs and the techniques by which they meet these needs determine the course of history. As ...

(2 pages) 294 1 4.1 Jan/2003

Subjects: Social Science Essays > Political Science

Keynes's general theoryof employment.

Money, John Maynard Keynes wrote to George Bernard Shaw, "I believe myself to be writing a book on economic theory which will largely revolutionise--not, I suppose, at once but in the course of the n ... se--not, I suppose, at once but in the course of the next ten years--the way the world thinks about economic problems."[1] Keynes was not wrong--The General Theory did cause a great change in economic ...

(29 pages) 250 0 4.0 Apr/2003

Subjects: Social Science Essays > Economics

How models, techniques and methods constructed or borrowed from Economic Theory or other Sciences respectively are used.

Two of the primary tasks in the world of Economics are prediction and evaluation. This assignment illustrates, at a rudimentary level, how m ... llustrates, at a rudimentary level, how models, techniques and methods constructed or borrowed from Economic Theory or other Sciences respectively are used to help accomplish these tasks. To do so, w ... is an abstraction intended to convey the essence of some particular aspect of the real world. Most economic models assume the existence of adequate information, yet information is a costly and scarce ...

(6 pages) 196 0 4.0 May/2003

Subjects: Businesss Research Papers > Marketing

Entitled The Effects of the "Gilded Age".

the time period, the "Gilded Age" is the most accurate when describing the time period.The largest economic issue concerning in the Gilded Age was determining the Federal government's role in the bus ... 's, businesses operated for the most part without government regulation. This hands-off approach to economic matters is known as "Laissez-fare," and holds that government should play a very limited ro ...

(2 pages) 97 0 5.0 Jun/2003

Subjects: History Term Papers > North American History

Mercantilist economic theory and policy, interconnected with wider political issues.

f 'natural exchange' and 'justprice' be the dominate attitudes toward the economy. This new form of economicthought (Mercantilism) would focus on economics as statecraft and the promotion ofnational w ... lism) would focus on economics as statecraft and the promotion ofnational wealth and power.This new economic theory required the nation to accept that the economy wouldnow, out of necessity be 'disemb ...

(4 pages) 87 0 4.5 Jul/2003

Subjects: Social Science Essays > Economics > Economic History

The Merits and Menace of Mercantilism.

During the seventeenth and eighteenth centuries, the economic theory utilized by Great Britain towards its empire was known as mercantilism. The idea beh ... ower were best served by increasing exports and collection precious metals in return. Many positive economic effects came from the first signs of mercantilism: the Trade and Navigation Acts. In Englan ...

(3 pages) 68 0 5.0 Oct/2003

Subjects: History Term Papers > North American History

Economics Theory and Crime. Why do criminals commit crime. Why is law enforcement failing in the war on drugs.

Economics Theory and CrimeThe purpose of this article is to show that economic theory can be used an ... pposedly, criminals are rational people and decide to commit crimes the same way normal people make economic decisions. It's just a simple analysis of choices "among the alternative combinations of co ... aws don't need to make it impossible for people to commit crimes, they need to make it unprofitable.Economic analysis can also be used to "help us understand organized crime." Often the media and thos ...

(2 pages) 193 1 4.8 Nov/2003

Subjects: Social Science Essays > Economics

Adam Smith "Wealth of Nations" The benefit of division of labor to society.

Adam Smith is often accused of propounding an economictheory based solely on self-interest and individual welfare,however Smith's own writings ind ... ows he was notsimply interested in individual welfare was his argument forthe abolition of slavery. Economically slavery provided afree labor force that benefited the slave holdersextensively allowing ... without sacrificing the needs of thepeople. Smith provides a capitalistic "Utopia" if whichnatural economic laws, such as supply and demand, govern aneconomy which benefits all actors from the lowlie ...

(3 pages) 184 0 3.6 Jan/2004

Subjects: History Term Papers > European History

Case Study: Schizophrenia; A Beautiful Mind

windows in his dorm room, and overall he had impeccable intelligence. He developed a groundbreaking economic theory, to his impressive rise to the cover of Forbes magazine and an MIT professorship, an ...

(5 pages) 132 0 4.0 Mar/2004

Subjects: Social Science Essays

Synopsis on Rational Choice

In this synopsis I intend to analyse the rational choice model and its relevance in economic theory, using the utility theory as an example. Firstly I will define and explain rational ... el directed at testing and analysing the rationality of individuals decisions. It was introduced to economics by John Mill, who adapted Bentham's pleasure-pain principle.For an individual to behave ra ... hoice is therefore 'not a goal but a means to reach goals' . When deciding which action to take, an economic agent only has to consider the expected benefit from this action. H. A. Simon argued that ' ...

(5 pages) 175 0 3.0 Mar/2004

Subjects: Social Science Essays > Economics > Economic History

A thought on the Asian financial crisis Connecting The Romans and current crisis

One may say that there is no bigger confusion in economic theory than the one that surrounds the phenomenon of money. This confusion exists because m ... enomenon of money. This confusion exists because money is a complex phenomenon. Money isn't just an economic, but also a legal, social and psychological category. It is said that money represents one ... It is said that money represents one of the greatest cultural achievements of mankind. That is why economic theory alone cannot give an answer to what money is.Money belongs to a group of the grandes ...

(4 pages) 67 0 5.0 May/2004

Subjects: Social Science Essays

Explain the distinction between transaction costs and other costs that occur in economic systems.

IntroductionThe economic importance of transaction costs in widely recognized. In modern economies, transaction cost ... es, transaction costs have become equally (and perhaps more) important than production costs. Early economic theory focused entirely on production costs assuming that transaction costs did not exist. ... inition of transaction costTransaction cost has been described by Arrow as the costs of running the economic system but besides that no clear definition has been provided. Broadly speaking, Transactio ...

(10 pages) 279 0 4.9 May/2004

Subjects: Businesss Research Papers > Accounting

CSR with Focus on the Employee Perspective

otthanks to the benevolence of their baker, but to the baker's selfish pursuit ofmaking profit. His economic theory of 'the invisible hand' states that theaggregated behaviour of people serves the pub ... ill seek satisfaction and increased wellbeing in the workplaceonly after the needs for personal and economical safety have been met.Herzberg's (1959) theory was influenced by Maslow and his hierarchy ...

(122 pages) 1278 1 4.3 Oct/2004

Subjects: Businesss Research Papers

To what extent should the government intervene in the economy to protect the public interest?

An economic system is an organized approach to producing and distributing goods and services. It is sca ... ited availability of resources and goods; the excess of wants over needs), which creates a need for economic systems. There are different types of economic systems in which all are believed to be the ... elieved to be the correct solution when it comes to scarcity. Capitalism is based on an approach to economics that promotes private enterprise. In a private enterprise system, you will see profit, ini ...

(6 pages) 94 0 5.0 Feb/2005

Subjects: Social Science Essays

Goverment policy and perfect competetion

is operating largely depends on the level of the competition in the market. Level of competition in economic theory is divided into three different categories, named the perfect competition, monopolis ... rt run, if the price is higher or lower than average cost, there will be a supernormal profit or an economic loss accordingly, because of complete freedom of costless entry and exit for firms and all ...

(8 pages) 166 0 4.0 Mar/2005

Subjects: Social Science Essays > Economics

Title: Adam Smith's Opinion of Corporations

sAdam Smith, a Scottish political economist and philosopher laid the foundations of the free-market economic theory with his book The Wealth of Nations. He criticized the restrictive, regulated, merca ... tilist system, and showed how the principles of free trade, competition, and choice would stimulate economic development, and cause social and moral progress of humankind. Concerned with people's libe ...

(1 pages) 35 0 4.3 Mar/2005

Subjects: Social Science Essays > Economics

Economics Overview

Overview EssayEconomics is the social science that studies the production, distribution,exchange, and consumpt ... dies the production, distribution,exchange, and consumption of goods and services. The study of economics focuses onhow individuals, corporations, and societies choose to use the scarce resour ... esources providedby nature and previous generations.The first Goal that I learned about was Economic Efficiency which in economicsis the relationship between an individual's interests and ...

(3 pages) 124 0 0.0 Apr/2005

Subjects: Businesss Research Papers > Marketing


al class and history. Butwith the spread and maturation of capitalism throughout its various stages,economic and other disparities have more visibly polarized wealthy and poorclasses, city residents a ... n philosopher and economist Karl Marx. 13- Even though Marxism generally has been discredited as an economic theory andas a political philosophy (as recent events in Eastern Europe and what used to be ...

(25 pages) 127 0 1.4 Apr/2005

Subjects: Art Essays > Artists