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Secret Economics: The Economic Impact of the Vietnam War, 2002. This paper is an analysis of the economic impact that the Vietnam War had on the American economy. 2,440 words (approx. 9.8 pages), 8 sources, APA, $ 74.95 »
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Abstract This paper attempts to estimate what the real total economic cost of the Vietnam War was to the United States. The paper concludes that a reasonable estimate of the economic impact of the Vietnam War on the American economy is that an entire year's worth of productive activity was used to fight the war.
From the Paper "The Vietnam War was the defining experience for a generation of Americans. Indeed, it is arguably one of the defining experiences of America as a whole in the Twentieth Century. Its impact on the men who fought there, the men (and women) who did not, the American military in general, American society and popular culture during and following the war has been well documented. However, it was not just a life changing experience for soldiers and protestors, or a force for social change, or even an inspiration for thousands of books and dozens of movies. War is not least an economic event. In addition to being a military defeat, a political blunder and a human tragedy, the Vietnam War was also an economic disaster."
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Economic Growth and Economic Equality, 2002. Economists view on the difference between economic growth and equality. 1,025 words (approx. 4.1 pages), 3 sources, $ 39.95 »
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Abstract This paper reviews the reasons why economists think there is a conflict between our desire for economic growth and our desire for economic equality.
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Behavioral Economics, 2004. Examines an emerging, new subfield of economics known as behavioral economics. 2,367 words (approx. 9.5 pages), 6 sources, MLA, $ 72.95 »
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Abstract This paper defines and explains the field of behavioral economics and highlights the major differences between behavioral economics and neo-classical economic theory. The paper goes on to demonstrate the value that behavioral economics has to offer to all aspects of the field of economics and how it can benefit the economic decision making process.
From the Paper "In their article on Behavioral Economics, Sendhil Mullainathan and Richard Thaler explain the importance and relevance of this emerging sub-field within the field of economics. The authors begin their discourse on behavioral economics by first placing in context the focus of the sub-field and the essential differences with the main branch of economics. Behavioral Economics combines the field of psychology and economics in order to investigate ??what happens to markets in which some of the agents display human limitations and complications.? (Mullainathan & Thaler) In other words, behavioral economics focuses on understanding socio-psychological behavioral aspects of economic agents."
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Islamic Economics, 1997. Theoretical overview of the concept of Islamic economics, wherein economic activity is based on the teachings of the Koran. Identifies two primary branches of Islamic economics, the liberal school and the Tawhid school. 4,950 words (approx. 19.8 pages), 11 sources, $ 135.95 »
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From the Paper "Islamic economics are a set of theories based on the teachings of the Islamic holy book, the Koran. Timur Kuran, author of the highly critical article in the American Economic Review, "The Discontents of Islamic Morality," argued that the purpose of Islamic economics as helping to "prevent Muslims from assimilating into the emerging global culture whose core elements have a western pedigree" (Kuran, 1996, 1). Kuran also believes that Islamic economics are primarily concerned with attaining cultural goals rather than improved fiscal goals. According to Kuran, these theories are an attempt to limit outside influence of any kind on the Arab world.
However, Timur Kuran makes a common error in his review of Islamic economics by assuming that it is one homogenous school of thought motivated solely toward limiting western influence. In fact ..."
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"Sex, Drugs, and Economics"--A Book Review, 2007. This paper reviews Diane Coyle's popular work on economics entitled "Sex, Drugs, and Economics." 1,494 words (approx. 6.0 pages), 1 source, MLA, $ 49.95 »
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Abstract This paper reviews Diane Coyle's book "Sex, Drugs, and Economics," which uses far-reaching examples such as the sex industry, illegal drugs, and sports to illustrate basic economic concepts. Coyle's thesis is that economics can explain human behavior in virtually every sphere of human life. Her book attempts to show this through basic economic concepts, such as supply and demand. Economics also is helpful to make apparently inexplicable aspects of human life clearer, such as why persons engage in risky activities more as teens than during other periods of their life, or why people chose to take illegal drugs. The paper concludes by stating that Coyle's book makes economics more understandable through its original and refreshing format.
From the Paper "Coyle analyzes the drug industry to examine the ways in which the industry functions much like a legitimate market. For example, dealers give away free samples, like marketers do with new forms of soap or shampoo, to get potential customers addicted or 'hooked' upon the product. (9) However, despite the fact that up to 50 percent of Americans have tried some form of illicit drug, not all drug consumers become hooked--the core market of persons who are addicted drive the incentive of sellers to continue to supply their habit, and the lack of comparable substitute goods for growers that yield a competitive profit creates an incentive to maintain the supply of the drug. (10)"
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Nancy Folbre?s ?The Invisible Heart: Economics and Family Values?, 2004. This paper reviews Nancy Folbre?s ?The Invisible Heart: Economics and Family Values?, which discusses how families are adversely affected by today?s economics. 750 words (approx. 3.0 pages), 1 source, $ 26.95 »
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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."
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Economics In Modern Society, 2008. A review of the book "Small is Beautiful: Economics As If People Mattered", written by Ernst Friedrich Schumacher. 1,156 words (approx. 4.6 pages), 1 source, MLA, $ 39.95 »
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Abstract This paper discusses the book "Small is Beautiful: Economics As If People Mattered", which is a collection of essays written by Ernst Friedrich Schumacher on the topic of economics in modern society. The paper explains that, although this "modern society" refers for the most part to the outlook from 1973 (when the book was first written), these concepts still have relevance today in our increasingly technological, material society. The paper looks at how Schumacher analyzes economics not in the staid, scientific manner of college professors, but from a viewpoint of heart, wit, humor and originality. The paper also notes that the titles of many of the essays give a clue to the types of perspectives showcased - essays such as "Buddhist Economics", "Technology with a Human Face" and "Nuclear Energy: Salvation or Damnation?", indicating that the collected essays demonstrate a fairly liberal, humanistic view of modern economics
personal and passionate, particularly regarding the academic take common to the arena of economics at the time (the 1970s). The paper further explains that the book aims to analyze macroeconomics in terms of micro examination and that the thesis statement, or main proposition reiterated throughout the book, is that our economy is an unsustainable one, and that we are using up our natural resources.
From the Paper "In closer detail, topics covered include the modern world and the problems of production, peace and permanence; global resources, and how this relates to nuclear energy, technology, industry resources, land use and consumer education; the third world and its relation to global development, technology, village-style life and unemployment issues; and organization and ownership, which includes an analysis of theory of large-scale organization, socialism, ownership, and emerging new patterns of ownership. The ground covered is not anything particularly new, at least not for our society. At the time of initial publication, Schumacher's sentiments no doubt reflected growing concerns in terms of globalization - the environment, overuse of natural resources, materialism over humanism and lack of proper organization and preparation on a global scale. Today, these issues are so contemporary and current that their highlighting seems commonplace."
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Islamic Economics, 2001. Examines the historical development of Islamic economics, especially the prohibition on the payment of interest (riba) and the mandatory tax on assets (zakat) that aided the poor. 2,005 words (approx. 8.0 pages), 6 sources, $ 63.95 »
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Abstract This paper demonstrates that Islamic economics, like alternative economic systems, reflects a unique historical experience, and is dependent upon that historical experience for its success. Islamic economics, in particular, the paper argues, has historically produced successful outcomes, but those successful outcomes are dependent upon the historical Islamic context. The shift away from this Islamic context inherent in modernization, however, nullifies the historical conditions that an effective Islamic economic system requires. The paper's main points include but are not limited to: the historical origin of the Islamic economic system is rooted in the caravan trade routes, the mercantile wealth that began to define the culture, and that Islamic economics replaces the free-market imperative of maximization of individual utility with a social justice imperative of cooperation and equality.
From the Paper "Disputes among various schools about whether nominal interest that accounts for the time value of money is prohibited are not important to the question of interest in the economy, because real interest is prohibited as riba in any case, and it is the real interest rate that determines key macroeconomic variables in classical economic models, such as the level of investment and supply of loanable funds."
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Economics Research, 2008. This paper is a general analysis of basic economic terms, along with an applied analysis of supply and demand through the healthcare industry and economic articles. 1,100 words (approx. 4.4 pages), 4 sources, APA, $ 38.95 »
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Abstract This paper discusses some general economics terms such as microeconomics, macroeconomics, and supply and demand, among others. Additionally, the concept of supply and demand as it pertains to healthcare and the healthcare industry is discussed. Finally, three separate articles that relate to the concept of supply and demand are summarized.
Outline:
Economics Research
Economics
Supply and Demand
Macroeconomics
Microeconomics
Elasticity
Inelasticity
Gross Domestic Product (GDP)
Supply and Demand in Healthcare
Supply and Demand Articles
From the Paper "Another article entitled, The Most Dangerous Deficit: Why the Supply and Demand for Global Public Goods Could Kill You, author Moises Naim finds that the rate of natural catastrophes occurring around the globe has increased and the resulting cost to the world's economies is substantial (2006). The argument, according to this author, is that the supply of resources normally taken for granted that are part of the global public goods such as the seas and global fishing or timber harvesting around the globe, is decreasing so rapidly that the resulting decrease in supply of these global public goods is resulting in astronomical price gains that make these resources unaffordable for many."
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H.S. Economics Classes, 2004. A look at whether including normative issues at the pre-college level will help students engage with the subject of economics. 10,614 words (approx. 42.5 pages), 18 sources, APA, $ 211.95 »
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Abstract This paper argues that that both positive and normative aspects of economics must be taught at the pre-college level if students are to fully engage with the subject of economics. In addition, the paper argues that the inclusion of moral and ethical discussions in the economics class is imperative if instructors are to succeed at teaching not only students' minds, but also their hearts. The arguments are based on conclusions drawn from the author's extensive research and classroom observation of high school students in a mandated economics class. The research is also described in the paper along with a discussion of the methods and the settings of the research study.
Introduction
Purpose of the Study
Methods
Framework
Findings
Conclusion
From the Paper "A quarter century ago, Nobel Laureate George Stigler argued that "economics belongs in everyone's education once we have learned to teach it" (Stigler, 1970). Even as late as 1980, Stigler argued contended that we had not learned to teach economics well enough to include the subject in the everyday curriculum (Becker, Greene, & Rosen, 1990). Without any evidence that we had learned to teach economics well, state legislatures across the country mandated that economics be required for high school graduation (Becker, et al., 1990; Marlin, 1991). Indeed, as of 1991, fully 28 states had required that all public students complete a course in economics before graduation (Marlin, 1991). The question of whether to teach economics at the precollege level, thus, had largely become moot by the mid-eighties. Once the decision had been made by politicians to teach economics, attention turned to what should be taught in high school economics classes. In attempt to answer this question, the Joint Council of Economic Education developed its Framework for teaching precollege economics and subsequently convened the scopes conference to discuss and critique the Framework. In addition, the Journal of Economic Education dedicated an entire issue (Spring, 1987) to a discussion of the Framework and the teaching of precollege economics. While a partial consensus was reached about what to teach high school students about economics, the additional question of how to teach high school economics emerged from the discussions."
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"The New Economics", 2007. This paper analyzes "The New Economics" by W. Edwards Deming. 1,430 words (approx. 5.7 pages), 1 source, MLA, $ 47.95 »
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Abstract The paper relates that in "The New Economics," Deming offers a vision for industry, government and education based on effective knowledge, information management and sustainable growth. The paper asserts that the author is profoundly optimistic and forward-thinking in his views of knowledge, human potential and the capacity for positive transformation. The paper discusses how Deming extends far beyond the scope of textbook economics, looking at issues related to human welfare and well-being. The paper concludes that "The New Economics" offers a visionary theory of revolutionary change, not just in American economics but in American culture.
From the Paper "The New Economics is succinct: less than 250 pages including the index. Accessible in its tone and layout if not its writing style, the book remains viable as a trade book but its author's background and credibility and his theoretical underpinnings make The New Economics required reading for students, scholars, and professionals. The crux of The New Economics is what Deming calls "A System of Profound Knowledge," which he outlines in detail in Chapter 4. The book is divided into ten sections plus an appendix and index."
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Politics and Economics, 2006. This paper evaluates the close relationship between politics and economics. 2,025 words (approx. 8.1 pages), 7 sources, $ 80.95 »
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Abstract This paper discusses how throughout history, politics and economics have always affected each other in a variety of direct and indirect ways, for political ideologies are often based upon economic theories and economies have thrived or stagnated in accordance with contemporary government economic policies. In recent years, this close relationship between politics and economics has been demonstrated by the emergence and development of globalization, which is primarily based upon free trade and the political promotion of global business interaction. The paper notes how political proponents of globalization and many economic theorists contend that global trade creates enough economic gains that everyone involved can benefit, as long as the gains are widely redistributed between national trading partners.
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Islamic Economics, 2006. A discussion regarding Islamic economics and the principles set forth by the Koran. 2,250 words (approx. 9.0 pages), 8 sources, $ 89.95 »
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Abstract This paper discusses the nature of Islamic finance and economics, as well as the principles derived from the Koran that govern economics in Islam. The paper notes that modern Islamic economics is based on several religious laws set forth in the Koran, as interpreted by various scholars, and modern economics in particular have been shaped by readings of the Koran beginning in the 1940s.
From the Paper "Islamic economic practices are governed by tents from the Koran and are embodied in Islamic law, known as shari'ah. These tenets govern business, economic decisions, and other aspects of social discourse in Islamic societies. Islamic economics is based on several religious laws set forth in the Koran, as interpreted by various scholars, and modern economics in particular have been shaped by readings of the Koran beginning in the 1940s. Analysts note the way society expresses its form in Islamic theocracies and the power of shari'ah, or Islamic religious law."
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Joseph Schumpeter and Neo-Classical Economics, 2002. Explains Joseph Schumpeter's economic theories and the neo-classical view of economics and then contrasts the two theories. 3,400 words (approx. 13.6 pages), 4 sources, $ 124.95 »
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Abstract Schumpeter's economic theories as they are outlined in "Capitalism, Democracy and Socialism" differ significantly from the neo-classical view of economics. The neo-classical view is outlined-with reference to Adam Smith as a representative neo-classical economist--and contrasted with Schumpeter's theories. Schumpeter's absorption of Marxism, his views on markets and monopolies, and his ruminations on the future of capitalism are highlighted and contrasted with the neo-classical paradigm.
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The Law of Thermodynamic Economics, 2007. An analysis of the relationship between thermodynamics and neo-classical economics. 1,146 words (approx. 4.6 pages), 5 sources, MLA, $ 39.95 »
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Abstract This paper discusses unsustainable consumption patterns and the laws of thermodynamics. It discusses the relationship between thermodynamics and the study of neo-classical economics and free-market society and its importance in the current economic model. Finally, the paper examines why ecological economics is antithetical to neo-classical economists and free market advocates and then discusses the need for further research on the topic.
Table of Contents:
Overview
Thermodynamics in Economics
Current Importance
Objections
Further Research
From the Paper "The first law of thermodynamics is the law of conservation and this law is critical in the establishment of sustainable consumption patterns within a free-market economy that rejects all forms of constraints (Lawn pars.2-5). Although this law states that energy cannot be destroyed or created it illustrates that materials that result in energy can be depleted through transformation processes that result in forms of energy that cannot be harvested in an economic sense. Entropy is essentially the second law of thermodynamics and as such is central to thermodynamics as it is applied to ecological economics. Entropy is the concept in ecological economics that describes the state of potential energy as being less than the initial energy contained within an item or unit (Finch & McMaster 135). It describes the necessity of continually introducing new energy into economic activity to produce ever greater results or outcomes at the risk of economic shutdown."
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