Abstract
In this article, the writer delineates the economic objectives of government policy as maintaining full-employment or low-unemployment, maintaining price stability and promoting economic growth, as well as maintaining equilibrium in the international balance of payments.

From the Paper
"The objectives of government policy are both economic and non-economic in character. For purposes of this discussion the focus is on the economic objectives of government policy. Typically three economic objectives of government policy are delineated. These three objectives are maintain full-employment or low-unemployment, maintain price stability and promote economic growth in a way that balances the sub-objectives of high-levels of growth and sustainable growth. Frequently a fourth economic objective of government policy is delineated."

Tags:policy, government, full-employment, low-unemployment, economic growth, price stability

Abstract
This paper examines how both a mugger and the government are manifestations of similar impulses and should be resisted for the protection of individual rights and the essence of the social contract. The paper cites various ideas of Locke, Rousseau and others on this issue and considers some of the ways the government has transferred wealth, with unintended consequences.

From the Paper
"In the two stories told, the real victim in each case is the person whose money is being taken, whether by as mugger directly or by the government indirectly. Admittedly, the situation in the second instance is somewhat exaggerated, for it implies that the mugger and the politician are working together to achieve a transfer of funds. This is what often does happen in effect, without the direct collusion between the two and the real issue is that an injustice is being done in each case. In the first case, the individual walking down the street is harmed by being attacked and by losing his money, if only for a short time. In the second instance, that same person not only is robbed of his money but his freedom, as he is then imprisoned, essentially for objecting and for refusing to be robbed further."

Tags:economics, theft, comparison

Abstract
The paper analyzes the different approaches that might be used by Keynesian theorists and monetary theorists to promote long-run macroeconomic stability. In addition, the paper also examines the impact of persistent budget deficits on the trade deficit as well as the options available to policy makers as it relates to government deficits. The paper evaluates recent national economic policies as they relate to the magnitude of the trade deficit and examines arguments for protectionist policies in terms of any effects on the trade deficit.

From the Paper
"The following discussion analyzes the different approaches that might be used by Keynesian theorists and monetary theorists to promote long-run macroeconomic stability. In addition, the current study also examines the impact of persistent budget deficits on the trade deficit. The current study also analyzes options available to policy makers when national economists as it relates to government deficits. Recent national economic policies are evaluated as they relate to the magnitude of the trade deficit. Lastly, arguments for protectionist policies are examined in..."

Tags:trade deficit, budget deficit, keynes

Abstract
This paper examines the principles of economics and how they can be applied to every decision that an individual desires to apply them to. The paper discusses the four principles of economics that are applied to the process of individual decision making and also looks at how the main principles of economics can influence business and government decisions.

From the Paper
"The principles of economics affect decision making and the economy as a whole because they allow for individuals like me to analyze and determine cause and effect through rational thinking and decision making. This affects the economy as a whole because it drives the principles and rules of supply and demand, and these two factors are the biggest economic influence in capitalist markets. As I mentioned above, the price of my education was the biggest factor that determined whether or not I would re-enroll, but because I decided that the long term benefits would far outweigh the costs I took action. The same principle applies to supply and demand as the price of a good or service influences its supply and demand. When the good or service is elastic, a high price will lead to a lower demand which in turn leads to a lower supply and vice-versa. When the good or service is classified as inelastic, the price will not lower the demand because the marginal benefit outweighs the marginal cost (Mankiw, 2007)."

Tags:thinking, benefit, margin, rational

Abstract
This paper examines the definition and history of Keynesian economics. The paper identifies the six ideas essential to Keynesian economics as well as the tenets of the New Keynesian school of thought. The paper applies these theories to the current economic crisis to better understand both the problem and the government's proposed solutions. The paper shows how the problem facing the administration is that it has not staunched the job losses, primarily because it appears as though one of the conditions required for Keynesian theory to hold true - that of government actually being able to exert influence - is not holding this time. The paper concludes that it does not invalidate Keynesian or New Keynesian theory, but it calls into question the universality of its application to solve our domestic economic issues.

Outline:
Introduction
Keynesian Theory - History and Definition
New Keynesian Thought
The Economic Crisis
Conclusion

From the Paper
"Keynes' theories diffused throughout economic and political circles rapidly, because they resonated with a world caught in the depths of the Great Depression. The world economic under the laissez-faire system had collapsed, highlighting deficiencies in that philosophy. The New Deal had begun to turn the US economy around - if not unemployment. While there is considerable debate as to the role the New Deal played in the turnaround, if the role was positive at all, observers at the time certainly felt that the government spending contributed to stabilizing and restoring the American economy. Thus, Keynesian economics fit well with the perception of economic events at the time. In periods of economic downturn, government spending could improve aggregate demand."

Tags:unemployment, aggregate, demand, spending, supply, wages, prices

Abstract
This paper explains that there is a conflict in our society between the economics of supply and demand and family values. The author points out that Folbre feels the problems of the welfare system are a direct result of the government?s lack of providing care for its citizens. The paper relates that, originally, school schedules were established in the days when farm families needed children to help with crops; but, today, this model is nothing more than an example of economic inefficiency.

From the Paper
"The economic value of care giving has never been established and remains undervalued. So how do women who are the traditional caregivers move out of that role without feeling guilty because they are not living up to their familial obligations? There must be mutual responsibility when both parties maintain careers or work to enhance the quality of family life and maintain standards of living."

Tags:caregiving, standard, school, obligation, security

Abstract
This paper discusses the congruence between government and the marketplace. It claims that technology has changed the face of the marketplace and hence firms are growing internationally and have a further effect on the economy and the government. The paper explains the concept of key interest groups and different theories on the matter.

From the Paper
"Firms are likely to be key interest groups when they are well organized and financed, as is increasingly the case among global firms large and small. This is due in part to changes in technology as mentioned that have allowed more knowledge sharing, inter firm negotiations and capital creation through various means. Some have assumed that the notion of firms as major actors in economic policy is at odds with political conventions including those of international relations (Frieden, 66). However, many also assert as does Frieden on page 66 that firms should be considered central to economic policy, in part because corporate strategies have a strong influence on the development of new political policies and the global economy, and will likely continue to have this influence for years to come. "

Tags:marketplace, technolgy, globalization, key, interest, groups

Abstract
This paper is about the incompatibility of democracy and capitalism. The writer argues, using many classic political economics texts, that socialism would complement democracy's goals better than capitalism, which was developed in a monarchist paradigm of government. Capitalism results in the concentration of power in isolated locations, whereas both socialism and democracy distribute power evenly through a population. The paper cites Marx as well as Friedman, and opens with clear definitions of socialism, capitalism, and democracy drawn from the works of these authors.

Abstract
7.5 pages worth of questions answered such as 1) What things does the free market do best and what role must government play to facilitate the operation of the marketplace? 2) What things does the free market do poorly or in such a way as to reduce economic welfare and what should the government's role be in these instances? 3) If we are to preserve our system of individual liberty, upon what principles should government intervention in the market be based? .

Abstract
This essay will argue - through an analysis of Indian economic performance over a timeline of the past two decades - that the high government involvement in the economy of India has seriously inhibited the economic performance of the nation as a whole.