Essays on Economists

According to author Adrian Chen, Internet over the years has change but not as drastically as you would imagine. Though it was slower and less opened for businesses, the Internet of 2006 was a great place to meet and make lifelong relationships through social medias. …

When we think of identity thefts we usually picture someone stealing a wallet or a purse and using the information inside to gain a bit of short term financial security. A deeper and more sinister cause may be right at our fingertips and we don’t …

The American dream is a complex notion that embodies traditions, social and personal values of people. This concept is closely connected with historical and economic development of America, its liberation movement and economic changes. Explaining the American dream it is possible to single out social, …

Globalization is a big issue in our modern day. What is globalization? Has globalization passed its peak? Is the world flat or spiky? There are several very vocal proponents of an argument that the world has become flat in recent years. However, there are some …

“Adam Smith’s enormous authority resides, in the end, in the same property that we discover in Marx: not in any ideology, but in an effort to see the bottom of things. In both cases their greatness rests on an unflinching confrontation with the human condition …

Adam Smith and Karl Marx Modern political economic theory and philosophy can be greatly attributed to the works of two men who seemingly held polar opposite views on the subject. Adam Smith, a Scottish philosopher, published his most well known work An Inquiry into the …

Economic theories explore the relationships linking changes in the money supply to changes in economic activity and prices. With a mixture of theoretical ideas, philosophical beliefs, and policy prescriptions, these theories can help elaborate on both historic and current financial situations. For instance, the general …

Friedman vs. Keynes I. INTRO . II. Milton Friedman A. Historical Background B. View of Economy a. Early Views b. Later Views C. Influence on Policy Makers a. Richard Nixon b. Ronald Reagan III. John Maynard Keynes A. Historical Background B. View of Economy a. …

“Human competition” according to “Adam Smith” is brought about by “selfish interests”. “Adam Smith” made this extremely clear when he said that “the free decentralized action of economic agents in a system of competition and private property brings advantages for each of them…each one moved …

It is somewhat inconceivable that a man often dubbed as the “second most powerful man in the United States next to the president himself”, was an undergraduate at the Juilliard School, studying the clarinet. A former member of a jazz band and perfectly capable of …

The greatest improvement in the productive powers of labor, and the greater part of the skill, dexterity, and judgment with which it is any where directed, or applied, seem to have been the effects of the division of labor.” (more…)

Today’s policymakers must see past Alan Greenspan’s misunderstand of the causes of the consequences and causes of the extraordinary grown of the U. S. ‘s account deficit. According to Greenspan, high rates of saving abroad led to increased consumption in the U. S. An alternative …

Introduction: Milton Friedman was an American economist as well as being a public intellectual. He was born in 1912 and died at the age of 94 in 2006. He was an ardent advocate of economic freedom as well as personal liberty. Before his death Friedman …

Milton Friedman, recipient of the 1976 Nobel Memorial Prize for economic science, was born on July 31, 1912 in Brooklyn, New York. He was the forth and last child of Sarah Ethel and Jeno Saul Friedman. Friedman was known as an American economist and as …

Alan Greenspan, in all of his 81 years, is a key figure among public officials, not only because of the responsibility he holds over the country’s money but also because of his other endeavors in philosophy, business and writing. This paper provides an overview of …