Economists
Essays

Microeconomics Today -- What is a fair tax?

The central concern of this paper was to provide an overview of the main causes of the Great depression as they specifically relate to the Canadian situation. The main question of the paper - could the impact of the…

Most economists agree that there is a definite relationship between trade balance and the exchange rate. It is a general rule of economics that a negative trade balance (or trade deficit) normally leads to a weaker…

Monetarism, an economic doctrine that stresses on the important role played by money supply in promoting economic stability and growth, was largely developed by Milton Friedman in the mid-twentieth century.

During the long development of economic science, many doctrines appeared which very often explained economic processes and connections in different ways. This created basis for development of different economic systems.

The failure of the World Bank to predict the NIC crisis of the late 1990's is mostly blamed upon a misperception advocated by economists and political scientists of the West. This misperception entails that the high…

Since its earliest days, capitalism has been plagued by cycles of boom and bust. Nineteenth Century America frequently suffered "Panics" as stock markets temporarily declined, and industrial production experienced…

This paper examines the role of the fed in stabilizing the economy in the light of the current financial crisis. It discusses the role and effectiveness of the fed to boost the economy and the tools available at its disposal. The monetary policies are analyzed in depth and its effects are discussed.

The past two centuries have been characterized by an increasing amount of merger activity due in large part to the internationalization of trade, the globalization of the transportation industry and innovations in telecommunications. Mergers have been used for a wide range of purposes, including achieving a synergistic effect, breaking up corporations that have become too large and unwieldy, and to help companies expend their market share in other regions. Over time, merger activity tends to assume a pattern of waves that can be attributed to several known factors such as severe economic shock or lax government regulatory polices, but a wide range of other factors have also been shown to contribute to the cyclical pattern of wave mergers, an issue that is the focus of this study. A review of the secondary data provides a basis for the study's conclusions and recommendations presented in the concluding chapter.

John Kenneth Galbraith's The Great Crash: 1929