Sklar and the Economist: Inequality in America
– America was once known as the land of opportunity. However, that is no longer the case. Americans are still suffering from a depression that began three years ago in 2008. According to the Bureau of Labor Statistics, in 2007, the United States unemployment rates were 4.6 percent. In 2009, one year after the depression began, the unemployment rate rose to 7.6 percent. Millions of Americans are living in poverty, unable to afford the basic necessities. On the other hand, there is a minuscule percent of the population that are billionaires….
– Principal economist. The key role of my job is to provide high quality economic advice to enable well rounded and informed policy judgments. I am also required to analyze competition and regulatory issues and concerns and apply standard economic analysis to conduct investigations and inform decisions on regulation and deregulation. This role will involve drafting and presenting policy proposals and economic advice to the Executive Board. It provides oversight for the administration and research activity of a bureau’s economic analysis function; reviewing staff work assignments, scheduling projects and activities as well as prioritizing projects to ensure work is completed in a timely and ord…
Xenophon?s The Economist
– Xenophon, (430-c.354 BC) Athenian peer of Plato and fellow student of Socrates, is known for his philosophical writings including Anabasis, Cyropoedia, and Memorobilia. Xenophon wrote extensively on the domestic economy in his Economist and defined the duties of a wife therein (the overseer of the home and children) and marriage as a “partnership ordained by the gods.” Not much is known about the life of Xenophon after his education. It is, however, recorded that Xenophon served as a mercenary in Cyrus’ army….
The Brilliance of Conservative Economist Milton Friedman
– Before the introduction of Keynesian economics and Milton Friedman’s Monetarism theory, there was classical economics. These economists believed in self-adjusting market mechanisms, however with that the market needs perfect competition. Wages and prices in the market must be flexible. These economists believe that supply and demand pulls would always help the economy reach full employment. Full employment could be achieved by the market forces and with that changes the level of employment resulting in a fixed income and aggregate output….
The Classical Economist View on the Importance of Education
– INTRODUCTION The world has recorded an improvement in the living standards over the last millennium, most of which can be attributed to the embracing education around the world. Education is a powerful instrument with a huge potential to increase opportunity for individual, community, and countries. It involves the refinement of human resource to explore its infinite potentials to achieve sustenance. It has huge potential to increase human capital in the labor force and also improve the innovative capacity of an economy….