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Regarding macroeconomic challenges in Europe, the issue of income inequality is at the center of discussion in many areas in contemporary society and serves as an integral part of developed economies. In fact, from the economic point of view income inequality is widely viewed as…
After reading Freakonomics it really opens the reader’s eyes to unseen things in everyday life. The incentives of just any regular person are greatly shown because money or personal gain can take over any man or woman no matter how old. In a few of…
Freakonomics. What kind of name is that for an entrepreneurship book? It sounds like a joke. I chose this book for the same reason I chose the other two I have written essays about: I received it as a gift. Unfortunately, this was the last…
In the book Freakonomics by Steven D. Levitt and Stephen J. Dubner, the most erratic combinations of topics are discussed. Economics is addressed in the most unconventional way and lead by questions that are not asked of regularly or even at all until now. Levitt…
In the book Freakonomics, composed by financial expert Steven D. Levitt and journalist Stephen J. Dubner, the authors experienced various pieces of present day life to demonstrate how economics clarifies why people act in a manner just as the way explicit results happen. They examine…
Subject: Freakonomics is built upon Steven Levitt’s underlying belief: “the modern world is not impenetrable, it is not unknowable, and if the right questions are asked- is even more intriguing than we think. All it takes is a new way of looking. Levitt explains the…
In The Wealth of Nations, Adam Smith outlines the principle that self-interested market participants unknowingly maximize the welfare of society as a whole. This “Invisible hand” idea originated in 1776 and has been the basis for how our economy functions today. When a firm provides…
Suppose being a foreign journalist to whom this land and its happenings are absolutely alien. “A tragedy occurs and flames a public outcry. The rulers, the ministers condole; media mourns; students protest. Tears are shed. Over a week, all settles down. I am told about…
The macroeconomic policies of the different countries around the world “have as fundamental objectives price stability, sustainable growth, full employment, the viability of the balance of payments, among others”; in consequence, the appraisal about the management of the economic authorities is carried out in accordance…
In order to create and maintain a high-functioning and prosperous society the process of aggregation is widely seen as a basic necessity. Within the scope of political economy, aggregation is an important process which creates cohesion by combining competing viewpoints and preferences in both the…
The US started actualizing 25% levies on $34 billion worth of merchandise. US taxes on Chinese imports incorporate semi-channel chips amassed in China, plastics, dairy hardware, engine vehicles, electrical gear, oil and gas boring stage parts, synthetics and ointments. Prior, it had put taxes on…
Despite Tesla Motors building the largest battery factory, and possibly one of the biggest factories in the world, recent electric vehicle sales numbers are falling. It appears the U.S. interest in electric cars has stalled. So why would Tesla, a company that designs, manufactures, and…
This article is about the importance of the working of the economic system of what might also be termed as Institutional structure of production. The various concepts like Free market theory, Coarse theorem, Transaction costs and its fundamentals, Externalities related to the production and Negotiations….
Man’s best friend has become scientists’ guinea pig. Over and over again, scientists have pushed the government for public funding towards animal cloning. However, animal cloning is morally wrong. Cloning animals is just as inhumane and grotesque as cloning humans is. Scientists also do not…
On the ACA Impact on the Federal Budget Deficit, the Author Dana Smith compiles not only the CBO’s referendum on the topic of deficit/surplus implications, but also other NGO’s, offering largely a positive and inversely normative views on the ACA implications. Within the compilation, the…
Probably inflation has been a characteristic of human history since cash was adopted as a method for compensation. Inflation assumes the existence of money that progressed as random social establishing by the variety of inventions as well as innovations. A stock exchange is a channel…
Adam Smith, whose Wealth of Nations was published in 1776, was the father of modern economics and capitalism. He argued, that the free operation of market forces was the best recipe for a flourishing and growing economy. If everyone is as free as possible to…
The written article Our Fear of Immigrants, constructed by Jeremy Adam Smith briefs on the causation of such issues, while providing rational explanations as well. The author claims that the overall fear can directly be linked to our genes and the evolution process as well….
Adam Smith vs. Karl Marx Both Adam Smith and Karl Marx are considered two of the top twenty most influential people in the world for the millennium. They both are respected in their views for creating a perfect society where everyone is happy. Adam Smith,…
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