Capitalism in AmericaCapitalism is the complete separation of economy and state, similar to the separation of church and state. The theory of capitalism is based on the private ownership of the means of production, which would equal a completely uncontrolled and unregulated economy where all land is...

Principle Economic Indicators The million (or should we say 'billion' now) dollar question is whether or not the United States' economy will stay in it's record 107 month expansion (according to the index of leading indicators) or come out of the boom and take a downturn into a recession. No...

Entrepreneurial Adventure: The Development of Economics in The United States"Capitalism came in the first ships."-Carl N. DeglerBarit BrownUnited States HistorySaturday, March 18, 20004,753 wordsThe United States was a nation of development. It was a nation of growth and of innovation. From the si...

With globalization affecting almost every country in the world today, there comes a greater need for trade liberalization, and a more robust flow of investments. As such, it is inevitable that jobs once held by a country's workers will now be subject to global market forces, and may be moved ab...

NAFTA In January 1994, the United States, Mexico, and Canada implemented the North American Free Trade Agreement (NAFTA). The goal of NAFTA is to create better trading conditions through tariff reduction, removal of investment barriers, and improvement of intellectual property prote...

The study of economics has always been recognized as one of the most complex studies that have ever existed in the history of mankind. Many do not realize that economics has evolved around us since the existence of the first human kinds. It has been continuously developed and became more essential ...

BIG ECONOMIC ISSUES Samuelson has offered the world many economic theories. One area he is widely known for is his views on the spending multiplier. Samuelson has presented a way through his aggregate demand model to demonstrate how the spending multiplier affects individual types of spending...

Economics of WarThe choice to bomb the World Trade Center was more than symbolic. The collapse of the towers has coincided with an already slowing global economy and was probably intended to cause as much economic as physical harm. The crisis will have deep economic repercussions in a number of are...

Economics is a vastly complicated subject; it can be complicated as life itself. It deals with the exploitation for profit of the material world - in particular how to do it efficiently. As defined by economists, it is the efficient allocation of scarce resources. Neo-Liberal or neo-classical econom...

A large economic downturn in East Asia threatens to end its nearly30 year run of high growth rates. It is hard to understand what these declines will actualy do to the world market. The crisis has caused Asian currencies to fall 50-60%, stock markets to decline 40%, banks to close, and property valu...

IntroductionIn this paper I want to develop a critique of certain approaches to markets and firm behavior in economics and economic sociology. There are two main targets of the critique. The first concerns some common approaches to markets and the nature of firms in relation to them. Here the divers...