Essays on Political Economy

Introduction Taxation is an act, process or means by which the sovereign (independent state) through its law-making body (legislative branch of the government) makes demand for revenue in order to support their existence and carry out its legitimate objectives (Scribd, 2011). It is imposed in...

Introduction Every government imposes taxes on its people either directly or indirectly. These taxes are in the form of levies such as income, estate taxes, and capital gains, which are imposed on citizens of a country involuntary. Many governments tend to overtax their citizens, but...

Many people have suffered from financial and economic problems throughout the globe. The idea of a universal basic income (UBI) has sparked this trend. The magazine is known throughout the world. The UBI is an actual cash payment for all people (2016), the economist states....

There were many individuals who contributed to the advancement of America during the industrial revolution. Most of these individuals were labeled either robber barons or captains of industry. Captains of industry typically led in truthful, hard-working ways to the nation. However, the robber barons were...

Introduction Early Life On June 5, 1723 Adam Smith was born, at Kirkcaldy, Scotland. His father was advocate, solicitor and prosecutor by profession. Burgh School of Kirkcaldy was one of the best schools in Scotland and there he learnt writing, mathematics and history. At the...

Poverty is a truth of reality that has existed since the dawn of man, a constant and disappointing fact of life. In fact, the vast majority of people throughout the earth live in poverty, with only a select few ruling the world. Many in the...

One of the United States’ 50 states, Hawaii, is known for its beautiful sceneries and full of natural environments. Due to its geographical location, located in the middle of the Pacific Ocean, Hawaii is fascinating enough to attract tourists and discover a long history and...

Summary Throughout history, tracing social welfare can be seen through the interrelationships of political, economic, and religious overtones that defined social welfare in different societies and of today. In the readings, the development of social welfare evolved from communal, involuntary aid to a more complex...

Karl Marx was very insistent when it came down to explanation of the nature of society. That is to say, he claimed that capitalism created a hostile, evil environment where people had no choice but to trade their souls for survival. Of course, Marx never...

Why should minimum wage be raised? It is a never ending debate in the United States. A lot of people wish that Virginia would raise the minimum wage. The minimum wage in Virginia is $7.25, and to some people that is not enough to provide...

Minimum wage has been a continuing problem in the United States and it’s something everyone faces. In the essay “serving In Florida” by Barbara Ehrenreich the author goes undercover at a neighborhood cheap food cafe referred to as Jerry’s to research life as a manual...

Minimum wage in California currently is about ten dollars to fifteen dollars an hour, depending on amount of employees working for a company, for example. That much money an hour sounds like a dream, which is what most think when they compare the current minimum...

Have you ever started your day off in your parents’ home really wanting to move out but can’t? Because you can’t afford to pay rent let alone the basic necessities for yourself. In this essay I am going to discuss the debate over Florida’s minimum...

Unemployment has always been a key concern and a pressing issue worldwide. In this essay, I would like to focus on the unemployment rates in Singapore. Being a small country, having a high employment rate is disastrous to the economy and it is vital that...

Unemployment is a social problem that has a huge effect on society. When there are a lot of unemployed people it becomes a social issue and damages a lot of individuals and their ability to function with the world. Unemployment can lead to a lot...

The global economy has been shifting tremendously since 2016. Led by Brexit, rise of populism in the continent of Europe, and Trump’s presidential victory, globalization has been shaken to its core and has become blighted by uncertainty, both from a political and economic perspective. Political...

One can’t assist but ask if Wal-Mart is nice or poor for America after searching at how Wal-Mart works. I am convinced that everyone has their own preconceived ideas about Wal-Mart’s effect on the international economy, so I will try to evaluate both the positive...

You and your friends are playing the game of who can build the most houses in a set amount of time. The rules are simple: Everyone starts out with the same amount of given money. With that given money you can buy supplies to build...

In recent years, a debate on whether or not America should keep the penny has arisen. Numerous Americans are in favor of keeping it due to sentimental value, while others say it is just too costly. There are multiple upsides as well as downsides to...