Essays on Economics

Tim Dunlop famously wrote, “inequality can be social, economic and democratic, but at its heart is about the exercise of power, who has it and who doesn’t”. As power and politics are inextricably linked to each other, in this light, growing economic inequality is clearly...

For primitive beings like us, life seems to have one single purpose — gaining time. It is going through time that also seems to be the only real purpose of each of the cells in our bodies. To achieve that, the mass of the cells...

Before Enron’s breakdown, Enron was one of the world’s significant power, gaseous petrol, correspondence companies in the world. It is true that Enron was one of America’s most imaginative organizations in the previous six successive years. Until 2001, it guaranteed that it had about $101...

Richard Wilkinson studied the social consequences of income inequality and how mixed factors affect happiness. He presents a good deal of experimental data, showing that there are much more equal societies in developing countries. The income gap between the rich and the poor is smaller....

Economic inequality is also referred to as income inequality, which can be defined as the unequal distribution of income and economic opportunities in a country between different groups. The economic system of the world, especially the developed countries like the USA, have high economic inequality....

Enron was created by Kenneth Lay in the year 1985 in Houston Texas through a merger between Houston Natural Gas Company and InterNorth Incorporated. Kenneth Lay became the CEO and chairman of Enron after his leadership from Houston Natural Gas Company and recreated the company...

The aim of this research is to identify and explain the causes behind issues concerning the misuse of foreign aid and the imbalances created by international trade, while providing concepts for potential long-term solutions. The research will go over the respective issues, detailing the issues...

When we take a look into the United States, the first idea about the United States that enters my head is that we are the leading country in all of the world. Right off the bat that can come off as, we are the best...

The Enron Scandal was an accounting scandal involving Enron corporation. Enron corporation was an American energy, commodities, and services company based in Houston, Texas. Enron’s predecessor was the Northern Natural Gas Company, which was formed during 1932, in Omaha, Nebraska. It was reorganized during 1979...

Have ever considered how well your education was due to your family’s financial satiability? Many professors and social workers argue their opinions on the subject, of how economic inequality affects children’s education. In the article “Why American Schools Are More Unequal Than We Thought,” Susan...

In our quest to increase our chances of survival and our quality of living on the planet human have been engaging in engineering activities to maximize the availability of air, food, water, and shelter. These activities have been characterized by the waves of revolution namely,...

In the United States, economic inequality has risen in recent decades. Anyone who has looked at data on this issue knows that the rise has mainly been caused by the ‘pulling away’ of the rich from everyone else in America. The top 10% of our...

Over the past few decades, America has been experiencing a lot of alterations. One of those changes involves the population growth of the country. The growth rate in America has been rapidly growing since 1950. Decreased death rate and an increase in average human age...

When I hear the word economic inequality the first thing, I think of is unfairness, how the income and wealth being distrusted throughout the population of the country is not right. So I will talk about top income shares. The chart shows us the income...

The orthodox neoclassical theory considers natural resources to be a potential source of income and accentuates the positive role of natural resources in economic development. Despite the potentially beneficial impact of natural resource wealth on economic prosperity, empirical research has shown that natural resource-abundant economies...

One long term effect of the resource curse is the reduction in the quality of institutions and in the government itself. Boschini, Pettersson, and Roine contend that for the resource curse theory to be true in the first place there must be a dearth of...

Executive Summary This journal is the learning pathway and reflective report of MSCI506: Problem Solving Skills for Consultants which consists of 5 main sections based on my own personal responses, ideas, and reflections on the lectures, workshops, academic research, and readings relating to the topics...

The management of forest resource in Zanzibar currently brought a serious debate among people discussing the causes of the mismanagement of forest resources in Zanzibar. Some feels that mismanagement is influenced by the social economic reasons such as poverty and low family income. Others think...

We are living in a time when the demarcation between the economic systems for feeding fast and the question of distributive justice is becoming a business of none. The process of globalization has pushed the income inequality to a higher level, especially in developing countries....