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History of Economic Thought Essay Examples

Demand for Money and mMonetarism
In the UK, there are two ways of measuring money stock or the supply of money. These are M0 and M4. M0 is used to refer to the ‘wide monetary base’ or ‘narrow money’ while the M4 refers to ‘broad money’ or ‘the supply of...
Pages: 8 (2000 words) , Term Paper , Macro & Microeconomics
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Advantages and Disadvantages of Capitalism and Socialism
Every economic system has its strengths and weaknesses and capitalism is not an exception. Some of the pros of capitalism include economic freedom that spills over to become political freedom when the means of production and price determination is in the government's hand, it gives...
Pages: 6 (1500 words) , Research Paper , Social science
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How Did Job Manage with Change and Complexities
As the paper outlines, one remarkable achievement of Job as already stated and implied from the previous discussion was his ability to initiate successful leadership, which is about managing with change. However, this alone could not guarantee future company’s success as management in general also...
Pages: 6 (1500 words) , Essay , Business
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Risk Aversion, the State Preference and Machina Triangle Diagrams
 In modern consumer theory, the expected utility model specifies a set of objects of choice, represented by a real-valued maximand or preference function V(.), one object being preferred over another if it is assigned a higher value by this preference function. However, the expected utility...
Pages: 8 (2000 words) , Assignment , Management
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Scientific Management
Many organizations are nowadays pushing for efficiency in their operations (Schachter, 2007). Among the problems that made Taylor conduct, studies on scientific management principles organizational inefficiency that was lowering production level in the 19th-century organizations. Taylor’s assertion that solutions for organizational inefficiency...
Pages: 8 (2000 words) , Essay , Management
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Influence of Global Financial Crisis on the International Trade Mechanisms
GFC has resulted in the bailout of many large banks especially in the US by the government and has resulted in huge losses for the US and several European countries. International trade includes imports and exports by different countries of the world and it involves cross...
Pages: 8 (2000 words) , Case Study , Marketing
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Can person centred therapy be effective in clients with eating disorders
Some of the treatment option includes the use of the cognitive behavioral therapy, and the Maudsley approach (Buhl, 2002). The main aim of the cognitive behavioral therapy is to identify the unhelpful thinking of a patient, and help him or her change their behaviors. The...
Pages: 7 (1750 words) , Research Proposal
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Comparison of Economic Theories Of Adam Smiths and Lockes Ideas of Labour and Value
Smith examines the labour cost theory in a primitive society. In this society, we observe the accumulation of stock and an equal appropriation of land. In this society, the quantities of labour are utilised for acquiring the different objects is the only means that can...
Pages: 11 (2750 words) , Assignment , Macro & Microeconomics
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Small Business Management: Shnuggle Ltd Company
The business has been operating from Newtownards, Ireland and has recently expanded to three other countries. Adam Murphy is married with two children and the idea of this business has emerged from his family background. Being the bread earner of the family, his focus appears...
Pages: 10 (2500 words) , Term Paper , Business
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The Value of Pity
Nietzsche fervently argued that the sentiment of pity does only harm to both the philanthropist and the recipient of any form of aid and support. Generally, pity is the blatant manifestation of nihilism or the belief that human existence is devoid of objective meaning, goal...
Pages: 10 (2500 words) , Essay , Psychology
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Technological Determinism and Banking
It is evidently clear from the discussion that the banking sector is one of the oldest forms of business that have had a long history. Over the past two decades, especially with the development of the information technology the banking sector has transformed itself in...
Pages: 10 (2500 words) , Essay , Business
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Why Marx Thought That the Cause f Crime Is Capitalism
The ability οf workers to work is in itself a marketable commodity bought for the least cost to be used at will by the capitalist. In addition, the capitalist owns the product and will always pocket the difference between the value οf the labour and...
Pages: 12 (3000 words) , Coursework , Law
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Global Capitalism & Neoliberal Economics
The world forever changed the morning of September 11th, 2001. The attacks on the World Center represented the most serious terrorist acts ever carried out on US soil. A watershed moment in world history, that fateful morning will forever be engrained in the American national...
Pages: 7 (1750 words) , Case Study , Politics
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Capitalism and Economic Profits of the Transatlantic Slave Trade
Historians such as Eric Williams argue that slavery was for economic profits rather than related to racism. The Europeans achieved increasing capitalism by using Africans as free labor in plantations, in farms, in industry, in construction, in the lowliest jobs, and as domestic workers. In...
Pages: 7 (1750 words) , Case Study , History
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Concepts of Economic Sustainability
Neoclassical economics is the theory of optimizing one's utility by making economic choices. The utility is derived by consumption of a commodity if the commodity has such qualities that can satisfy some particular desire of the customer. This is also applicable to services. Individuals, that...
Pages: 8 (2000 words) , Coursework , Macro & Microeconomics
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Economics Education and Greed
The epistemological assumptions that underpin the research questions mainly revolve around the frequent corporate frauds and the culprits being business school graduates. Epistemology requires answers to questions such as how reality can be known. The realistic assumption that supports the hypothesis is that the ethical...
Pages: 14 (3500 words) , Coursework , Finance & Accounting
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International Economics Trend Analysis
The United States emerged as a great industrial prominence during the nineteenth and early twentieth century due to the strong tariff based policies incorporated in its economic policies. On the other hand, Japan recovered from World War II and became the second largest economic country...
Pages: 7 (1750 words) , Term Paper , Business
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Definition and Meaning of Neo-Classical Economics
Invariably we tend to look at others to see how others behave before deciding on how we behave. Tim Jackson’s Motivating Sustainable Behaviour indicates the effect of the influence wielded by the society on individuals. People learn from what others do (Albert Bandura 1977) and...
Pages: 9 (2250 words) , Research Paper , Macro & Microeconomics
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Savage Economic - Wealth and Poverty, Blaney and Inayatullahs Book
 In fact, Blaney and Inayatullah argue that understanding of the present as different from the past enables us to formulate convincing accounts of the history, present, and probable futures. In this regard, the issue of the liberal political economy involving, wealth, order, and human progress...
Pages: 8 (2000 words) , Coursework , Business
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Social, Legal and Economic Developments that Support Domination of Anglo-Saxon Corporations
Social, legal and economic developments support the claim that contemporary ‘Anglo-Saxon’ corporations dominate other social and political institutions to further their own interests? Customer name Instructor In the recent years, there has been a lot of talk on the power that corporate giants possess. There...
Pages: 12 (3000 words) , Essay , Business
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Economic Possibilities for Our Time by Jeffrey D Sachs
He then reviews the geopolitical segmentation that resulted in the western capitalists of the first world, the communist soviets of the second world and the previous poor European colonies whose inhabitants are non-Europeans forming the third world. He later traces the underdevelopment concept of the...
Pages: 6 (1500 words) , Book Report/Review , Macro & Microeconomics
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The Development of the Political and Economic Integration of the EU
The people of the EU of 15 states as of 2003 view however its political system as remote from them, difficult to understand, and poorly democratic (Milward, 2005, p. The citizens of member-states, when asked, differ between conveying a fragile commitment to the EU and...
Pages: 13 (3250 words) , Research Paper , Politics
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Muscovite Regimes and Economics In Russia
Set against neighbor China, which currently maintains communist centralization of authority and commands economic policies despite rapidly accelerated growth through capitalization, it is apparent that market communism offered a smoother transition than the market rent-granting system employed by Russia. Comparatively speaking, we now see that...
Pages: 11 (2750 words) , Essay , Macro & Microeconomics
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Economic Theories Of The Debt
For instance, the book, the making of the indebted man by Maurizio Lazzarato suggests that the transition from traditional disciplinary governance to neo-liberalism in the contemporary world is defined by a man being in debt that is within a controlled society rather than a man...
Pages: 13 (3250 words) , Essay , Business
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Social Foundations of Economic Efficiency
Whilst looking at the historical evidence, one cannot ignore the fact that division of labor is one of the concepts and notion that has come under origination by Adam Smith and he is one who laid key emphasis on the values that ensue from labor...
Pages: 12 (3000 words) , Case Study , Marketing
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Economic Super Power - China
No one from the stream of present scholars on the Manchus, notably Pamela Crossley and Evelyn S. Rawski are listed in Jacques’ reference list. These historians actually emphasize how compliant the ‘alien’ rule was at that era. Sometimes ‘foreign’, sometimes ‘Chinese’, depending on what seemed...
Pages: 6 (1500 words) , Book Report/Review , Macro & Microeconomics
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Economics and Geographical Location of Taiwan
The whole population is also subjected to the health care system that was instituted in 1995. It is a single-player necessary social insurance plan which centralizes the disbursement of health-care funds. The system also ensures that there is equal access to health care for all...
Pages: 8 (2000 words) , Term Paper , Geography
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Anglo-Saxon Corporations' Dominating
The political power of transnational businesses has increased over the years, and this element, coupled with the lack of government control over these giants in the industries, has led to many catastrophic occurrences. There are outward crude signs of corporate takeover in countries such as...
Pages: 12 (3000 words) , Essay , Social science
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Monetary Policy Financial Institutions and the Economy
A central bank is a lender of last resort. When all banks clear their transactions through a central bank, the central bank smoothes volatility problems through loans. All banks remain solvent by leaving reserves at the central bank, and then the bank lends money to...
Pages: 8 (2000 words) , Essay , Finance & Accounting
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International Relations: Global Political Economy
The British colonial models and systems of evaluating the IPE were based on an imperialist system. The Soviet system sought to provide an evaluation of the prosperity that the working class and society attained as a whole rather than the public sector as it became...
Pages: 13 (3250 words) , Research Paper , Macro & Microeconomics
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Chinas Economy
In the 1980s, China registered an acceleration in its gross domestic product. In this period, the GDP accelerated from 9.1 percent to 9.5 percent. The GDP further registered a significant growth recently to ten percent as a result of the large impact of growth in...
Pages: 7 (1750 words) , Research Paper , Macro & Microeconomics
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Foucault's Addition to the History of Industrial Revolution
Themes such as roles of disciplinary actions that include reformation, treatment, and confinement, based on the identified need for normal society, are implemented. Processes towards discipline such as “inversion of disciplines”, “swarming of disciplinary mechanisms”, and centralized control of approaches for discipline are also...
Pages: 6 (1500 words) , Assignment , History
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Questions: History of American Capitalism
It sought to eliminate the power of monopolies by government organizations, as well as major banks in America. It emphasized on the necessity for the government enable a friendly environment to get a decent salary. Progressive movement also promoted the rights of women and...
Pages: 10 (2500 words) , Coursework , History
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How Likely Is a Future Hegemonic War Between Economic Giants the U.S. and China
No neighbor(s), however, would want to bow to a China power, and thus all will pull together to scatter such ambitions. Bluntly put a possible attempt (war) to replace a US-led global order with a China global hegemonic power is a red taped, costly and...
Pages: 12 (3000 words) , Research Paper , Politics
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The Economics of Airlines and Airport
The Government commissioned one new terminal at Heathrow airport, which has just become functional and this expansion was justified on the basis of the projected gains of  5 billion pounds. The arguments that have been advanced suggest that an expansion of Heathrow through the additional...
Pages: 8 (2000 words) , Case Study , Business
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A democratic political system is an essential condition for sustained economic progress. Discuss
The renowned international affairs expert, Francis Fukuyama argued in his book, The End of History and the Last Man, that the fall of communism and the rise of liberal democracy have marked the End of History as far as the triumph of a particular ideology...
Pages: 10 (2500 words) , Essay
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Rate of Interest Causing Credit Crunch in Economy
In the Middle Ages Money was regarded as barren and hence interest, it was thought, was not justified ethically speaking.  Some people even now favor the abolition of interest in every form.  Without entering into ethical controversies, let us look at the matter from the...
Pages: 12 (3000 words) , Research Paper , Macro & Microeconomics
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Using Economic Theories to Analysis a Company
 “Endogenous growth is long-run economic growth at a rate determined by forces that are internal to the economic system, particularly those forces governing the opportunities and incentives to create technological knowledge”(Endogenous growth, N.d., p.1). In the case of Apple Inc., the major internal force that...
Pages: 8 (2000 words) , Case Study , Marketing
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Post-war Development of the Japanese and and Chinise Economy
Foreign powers had dominated the Chinese nation for more than a century by the time of the Chinese revolution in the year 1949. During this period, the economic development of the country had been restrained. Conversely, the corrupt political system in the country was sustained....
Pages: 8 (2000 words) , Essay , History
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Economic analysis of Germany
In the latter part of the 1800s, this was further driven by agricultural surplus that enabled a migratory surge of the populace from rural to urban areas. By 1900s, the economic landscape has been positive. According to Marshall Dill, between 1871 and 1910, Germanys population...
Pages: 7 (1750 words) , Research Paper
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Economic Objectives of the United States over the last three years
In the aftermath of a crisis on American economies, the affected economy was faced with a difficult decision regarding how much of the impact on the trade balance should be financed by borrowing from the global market. The government offered many alternatives to offset the...
Pages: 8 (2000 words) , Essay , Politics
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History of Sugar
This distinction in consumption between various parts of the world can be attributed to both the wealth differences as well as the easy accessibility of sugar. The recent increased health awareness in the industrialized Western world and raised concerns regarding the impacts of sugar on...
Pages: 9 (2250 words) , Admission/Application Essay , History
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Economic and Monopoly Power
Any economic theory of business is founded on the concept of the conventional firm, one that contributes as a landmark. For instance, in Adam Smith’s model of the competition, the conventional firm is believed to be fairly small and to challenge several competitors producing precisely...
Pages: 8 (2000 words) , Term Paper , Macro & Microeconomics
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What Is Better for the Economic Prosperity - Democracy or Dictatorship
The effect of early institutions and their influence on the present may also be seen in Latin America where monopolies and regulations set up by Spanish – a small group of the elite – remained until modern times and has created economic imbalances which still...
Pages: 14 (3500 words) , Essay , Macro & Microeconomics
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Two Fundamental Facts Of Economics
People were switching over from motorcycles to cars. So, to keep up with the market, in 1963, Honda released its “first sports car, in Japan” (HA, par. The Honda Civic debuted in 1972 and was “ranked first in US fuel economy test” (HA, par. Civic...
Pages: 7 (1750 words) , Essay , Macro & Microeconomics
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Important Facts about Karl Marx
 When it comes to Spencer, there are interesting similarities and dissimilarities. For Spencer, the drivers to evolution were realization of some good ideals. His theories were progressive and teleological. The change is occurring because of realization of a good goal. That is, it has in...
Pages: 7 (1750 words) , Literature review , Sociology
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History of European Civilization: Scientific Revolution
The scientific revolution was the period of new developments in sciences (mathematics, physics, biology, chemistry, astronomy, and medicine), which transformed people’s views towards nature and human existence. In Europe, the scientific revolution started towards the end of the renaissance era and continued up to the...
Pages: 6 (1500 words) , Term Paper , History
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Hegemony and Crisis in Global Political Economy
 The global solidarity movement, disparagingly projected as the 'anti-globalization' movement is a case in point.  Centered on universal human challenges like poverty-reduction, access to basic health care, free education for all children, social welfare for the disadvantaged, etc, the global solidarity movement presents an alternative...
Pages: 12 (3000 words) , Essay , Social science
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History of Argentinas Inflation
“Inflation in Argentina, already the highest in the world, reached a record of 433.7 percent in 1983, the National Statistics Institute said today. The previous record was 347 percent in 1976.” (Argentine post-2008)Though Argentina has come a long way on its inflation rates it sure...
Pages: 6 (1500 words) , Research Paper , Macro & Microeconomics
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The History and Failure of our Monetary System in Past and Present
Congress thought that it had discovered a new, wonderful way to add money into the marketplace. Before the Revolutionary War, the total money in the markets of the United States had been estimated at $2 million. Before the end of 1775, an addition $6 million,...
Pages: 11 (2750 words) , Research Paper , Macro & Microeconomics
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