Free Research Papers on Economics

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Adam Smith

Economics coursework, term papers on Economics, Economics essays
Adam Smith was born in Kirkcaldy, Fife, Scotland. His exact date of his birth is unknown but he was baptized on June 5, 1723. At the age of fifteen, Smith began attending Glasgow University where he studied moral philosophy. In 1748 he began giving lectures in Edinburgh where he discussed rhetoric and later he began to discuss the economic philosophy of the “simple system of natural liberty” which... Full-text essay
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Agriculture In US

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Since the agricultural transformation began in the United States, the United States only seemed to improve agriculturally. The Western Hemisphere was the first to progress towards this transformation, displaying the United States as a leader in agriculture. As stated by Dan Hillel in The Agricultural Transformation, “The Agricultural Transformation is very likely the most momentous turn in the pro... Full-text essay
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Air And Water

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A major transition in the modern energy age began in the 1970s, when the big nation’s industry started to grow up rapidly. The use of oil was very important and overnight, oil prices shot through the roof, and the trend of ever-cheaper, ever-more-plentiful energy sources were in need. Another player on the modern energy stage is nuclear power. An industry that didn't exist 40 years ago is now at a... Full-text essay
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AMX Resources

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AMX Resources: Share Prices and Company Details Company Details Directors ID Love ( Director, Non-executive Dir. ) MJ Palmer ( Chairman, Director, Non-executive Dir. ) W Loxton ( Managing Director ) C Ansell ( Non-executive Dir. ) B Camarri ( Non-executive Dir. ) With the $30,000 I had to invest I bought 37980 shares in the company at $0.79. Then I waited and hoped that they would go up. When the ... Full-text essay
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Antidumping

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While antidumping doesn't get a lot of press, it is certainly one of the biggest issues that the WTO is dealing with today. During the recent WTO Ministerial Conference in Seattle, much was mage about protesters who were demanding higher environmental standards or international labor standards. Little was mentioned about antidumping. However, In the midst of the many demonstrators there were steel... Full-text essay
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AOL Time Warner

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January 10, 2000, one of the largest, most powerful mergers was announced to the world. Media giant Time Warner will join forces with the Internet superstar, America on Line. The $183 billion dollar deal is the biggest in history. In the recent past, there has been a wave of merger-mania, both in the United States and in Europe. The merger of the Millennium is between America on Line and Time War... Full-text essay
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Argentina`s Economy

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Argentina lives in a democracy since 1986. Before this year lived it under a military regime. In the nineties under the presidency of Menem the country experienced a great increase in the liberalization of trade. Argentina has a free market economic system. Due to the recent privatization program, the State now has a very limited role in the economy. According to the Competitiveness Report of... Full-text essay
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Asian Crisis

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A large economic downturn in East Asia threatens to end its nearly 30 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 values to drop. The crisis was brought on by currency devaluations, bad banking practices, high foreign... Full-text essay
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Asian Crisis

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The financial crisis that erupted in Asia in mid-1997 has led to sharp declines in the currencies, stock markets, and other asset prices of a number of Asian countries. It is hard to understand what these declines will actually do to the world market. This decline is expected to halve the rate of world growth in 1998 from the four percent that was projected pre-crisis to an estimated outcome of ab... Full-text essay
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Asian Crisis

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The crisis began in Thailand in July 1997 and spread to Indonesia, the Philippines and Malaysia, then to Hong Kong, Korea and Japan. Financial systems in Thailand, Korea and Japan all came under intense strain, but nowhere as destructively as in Indonesia, which by early 1998 had become the worst-affected victim. The 1997 Asian financial meltdown began in Thailand on July 2 after the collapse in l... Full-text essay
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Asian Crisis

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A large economic downturn in East Asia threatens to end its nearly 30-year run of high growth rates. The crisis has caused Asian currencies to fall 50-60%, stock markets to decline 40%, banks to close, and property values to drop. The crisis was brought on by currency devaluations, bad banking practices high foreign debt, loose government regulation, and corruption. Due to East Asia’s large impact... Full-text essay
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Asian Crisis

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There are many speculations about the causes of the Asian Crisis. From my research I found out that there is quite a number of reasons for the Asian currency crisis. There is a book called; The East Asian Miracle, which was published by the World Bank. This book expressed the relationship between government, the private sector, and the market. (See Hoover Digest 1998 No.3. William McGurn. What wen... Full-text essay
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Asian Economic Growth

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In his book Asiaís Miracle Economies, Jon Woronoff examines the dramatically quick economic growth of five Asian countries. The five countries examined are Japan, Taiwan, Korea, Singapore, and Hong Kong. Through his study the author demonstrates that there was no miracle involved in these countries growth. They applied specific strategies that were adapted to their local environment. Some of these... Full-text essay
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Asian Financial Crisis

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Have you ever been in a situation where you were low cash and in debt? Well, I know I have. I remember one time when I had used up all of my money for the month, and owed, at the same time, my sister ten dollars. Boy, that was pure hell. You can’t buy anything, and you feel like you have no control over anything. Well, imagine an entire continent in a financial rut. That is what is currently going... Full-text essay
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Automobile Industry

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There is no industry more present in the world-wide community than the automobile industry. The automobile has changed the lives, culture, and economy of the people and nations that manufacture and demand them. Ever since the late 1800s when the first “modern” car was invented by Benz and Daimler in Germany, the industry has grown into a billion dollar industry affecting so many aspects of our liv... Full-text essay
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Bagby Copy Company

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Discuss the tradeoffs that Bagby faces in choosing between specialized and broad task assignment. Bagby Copy Company manufactures 10 different copiers. The main part of these copiers is a wiring bundle. This device is plugged into various components during the assembly process. · They can assign each major task in this process to different employees using a broad task assignment or one indi... Full-text essay
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Balance Sheet 

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Although the balance sheet was first implemented just a couple of centuries ago, it has quickly developed and sophisticated to become nowadays a widely used and powerful tool in the hands of professional users, well known and popular even among the mass public. In spite of its prominence, or may be because of it, the balance sheet can not be easily and fully described in a few words, but still, if... Full-text essay
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Barbados

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The Barbados is a small country located in the Caribbean, island between the Caribbean Sea and the North Atlantic Ocean, northeast of Venezuela. It’s about 2.5 times the size of Washington, DC. The population of the country is 256,395, with a growth rate of .25%. 80% of their population is African American and the most common language is English. The Barbados government is a parliamentary democrac... Full-text essay
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Bonds

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DURATION, SENSITIVITY AND PLA IN BONDS would like to help some of you with a general explanation on how to calculate sensitivity and PLA in bonds. Many of you may know these issues, but I prefered to send a general message. Please disregard this CM if this is your case. The market factor (what generates the risk) in a bond, is the yield (the interest rate embedded in the investment). This means ... Full-text essay
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Brazilian Economy

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An Economy Recovering From Chaos. earned the reputation of being a “miracle economy” in the late 1960s when double-digit annual growth rates were recorded and the structure of the economy underwent rapid change. Since 1981, however, Brazil’s economic performance has been poor in comparison to its potential. The country’s dramatic reduction in output growth, which averaged an annual GDP growt... Full-text essay
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Buddhist Economics

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Most people think that religion and economics don’t mix. So you would think the same in the case with Buddhism and economics. But actually the there is a set of rules that go along with our modern day economics that have their own meanings. Buddhists believe that spiritual health and well being go hand in hand. They use the fundamentals of practical ecnomics and mix it with the values and mor... Full-text essay
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Canada, Mexico And The United States

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On January 1, 1994, Canada, Mexico and the United States passed the North American Free Trade Agreement (NAFTA). Promoted to Congress by the Clinton administration, with the assurance that it would give rise to more jobs - exactly how many though, is not precisely known. Yet, according to the Journal of Commerce, the U.S. went from having a $5.5 billion trade surplus with Mexico before NAFTA,... Full-text essay
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Canadian Dollar Depreciation

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Canada has been increasing its prestige as a high-tech, industrial, society since the end of World War II. In many ways it resembles very closely its southern North American cousin, the United States. Some of those similarities are residing in its market-orientated system, pattern of production, and its high standard of living. Most years following the war up to the present, Canada has experienced... Full-text essay
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Canadian Government

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Should the government of Canada continue to support the universality of social services by increasing the proportion of salaries given to income tax? This question hits a very touchy spot for all Canadians because some agree that a higher portion of an individual's salary should go to income tax, so a better standard of living could be made by all Canadians, instead of just to the financially bles... Full-text essay
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Capitalism

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The free market economy is a system devised to resolve the basic economic problem (resources having to be allocated to many competing users that have infinite wants) through the market mechanism. The centrally planned economy is an economic system where government go through detailed planning procedures to allocate resources in society. The Free Market Economy: The government provides public goods... Full-text essay
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Capitalism And Communism

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Capitalism and Communism are two totally different economic systems. Capitalism is a much better economic system than Communism. Capitalism is an economic system characterized by freedom of the market and is the economic system where you do not have freedom because the government will make most of your decisions for you. Capitalism has many pros to go along with its economy. The government will ch... Full-text essay
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Case On Social Cost

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Assuming no pollution, explain why a road is only an example of market failure when it is congested. When a road is not congested and the traffic can move freely along it, the private cost is equal to the social cost. The road is non-rivalrous because everybody who wants to use it can. For every user that uses the road above the amount that makes the road rivalrous, they have to pay the externalit... Full-text essay
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China Economic Growth

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Two years after the death of Mao Zedong in 1976, it became apparent to many of China's leaders that economic reform was necessary. During his tenure as China's premier, Mao had encouraged social movements such as the Great Leap Forward and the Cultural Revolution, which had as their bases ideologies such as serving the people and maintaining the class struggle. By 1978 "Chinese leaders were s... Full-text essay
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Chinas Economics

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For various reasons, China has always been an important country in the world. With its increasing large population, it was determined by other countries that is has a lot of economic potentials. In just one decade and a half, China has transformed itself from a giant that use to live in poverty into a wealthy powerhouse to the world economy. With one-fifth of the world¡¦s population, China is now ... Full-text essay
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Chinas Growing Economy

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After North America, Europe, and Japan, the area of China, Taiwan, and Hong Kong "is a fourth growth pole in the world economy" (Jue 108) which in 1994 was expected to double in size by 2002. Today, the growth rate is still on track to fulfill that prediction. Recent Chinese economic policies have shot the country into the world economy at full speed. As testimony of this, China’s gross ... Full-text essay
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Chinese Economic Reform

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Two years after the death of Mao Zedong in 1976, it became apparent to many of China's leaders that economic reform was necessary. During his tenure as China's premier, Mao had encouraged social movements such as the Great Leap Forward and the Cultural Revolution, which had had as their base ideologies such as serving the people and maintaining the class struggle. By 1978 "Chinese leaders wer... Full-text essay
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Chinese Economic Reform

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years after the death of Mao Zedong in 1976, it became apparent to many of China's leaders that economic reform was necessary. During his tenure as China's premier, Mao had encouraged social movements such as the Great Leap Forward and the Cultural Revolution which had had as their bases ideologies such as serving the people and maintaining the class struggle. By 1978 "Chinese leaders were s... Full-text essay
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Chinese Economics

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The social values and history have shaped and formed the economical developments and the current environment of business in the People's Republic of China. They have determined the patterns for negotiation and the Chinese perceptions of business, and their feelings towards westerners. The implicit and explicit rules that the Chinese society has on the development of businesses, and the economy in ... Full-text essay
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Chinese Economy 

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If China's economy grows as fast for the next 20 years as it has for the past 14, it will be the biggest economy on earth: I feel that China's drastic improvements over the last 14 years are overwhelming, with their Real GNP growing at a rate of 9% a year, which means by, 1994, China's economy will match the performance of countries like Japan and Taiwan. China's standard of living has also increa... Full-text essay
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Chinese Transformation

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Gradualism is naturally the most feasible approach to any situation. Since the fall of the iron curtain, these two Communist power houses have chose to move towards democracy. China has chosen to take the natural, more gradual approach to democracy where as Russia has chosen the fast-paced, more dangerous approach. These two nations have chosen to change their economies from a collectivized comman... Full-text essay
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Civil Action

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The movie brings up an interesting idea that many people in the public don't see or hear about very often. The idea that the big corporations often don't take into account the safety of the people that work for them or the people that live around the factories. These big corporations are run entirely by money and the idea of what things will cost and how much money they can possibly make. Too many... Full-text essay
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Classical Decomposition Model

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For this paper I have gathered quarterly data on the sales of Calloway Golf Company from 1995 to the third quarter of 1999,and will attempt to fit a time series model using the Classical Decomposition Method, which uses a multifactor model shown below: Yt = f(T,C,S,e) where Yt = actual value of the time series at time t f = mathematical function of T = trend C = cyclical influences S = seasonal in... Full-text essay
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Coca-Cola Company

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Coca-Cola company started out as an insignificant one man business and over the last one hundred and ten years it has grown into one of the largest companies in the world. The first operator of the company was Dr. John Pemberton and the current operator is Roberto Goizueta. Without societies help, Coca-Cola could not have become over a 50 billion dollar business. Coca-Cola was invented by Dr. Joh... Full-text essay
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Current Account Deficit

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In 1994 the UK had a Balance of Payments current account deficit. Explain the possible effects that this deficit might have upon the economy Discuss what, if anything the UK Government could have done to reduce or eliminate this current account deficit. The balance of payments is a record of one country's trade dealings with the rest of the world. Any transaction involving UK and foreign cit... Full-text essay
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Demand Curve

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People looking to trade in their old car for money off of their new car become discouraged with the low trade in value, and decide either not to buy a new car at all or to buy a cheaper model. The lower car sales is a reduction in demand, because the decrease in resale value of used cars is not changing the prices of the new cars, as a change in quantity demanded would suggest, it is changing what... Full-text essay
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Depreciation

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Information about cash flows can influence decision makers in many ways . For example , if a company’s regular operations bring in more cash than it uses , investors will value the company higher than if property and equipment must be sold to finance operations . Information about cash flow can help creditors decide whether a company will have enough cash to pay its debts as they mature. Managemen... Full-text essay
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Economic Growth

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Economic growth refers to the rate of increase in the total production of goods and services within an economy. Economic growth increases the productivity capacity of an economy, thereby allowing more wants to be satisfied. A growing economy increases employment opportunities, stimulates business enterprise and innovation. A sustained economic growth is fundamental to any nation wishing to raise i... Full-text essay
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Economic Growth US

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Economic growth can be defined as increases in per capita real GDP (gross domestic product) measured by its rate of change per year. Growth rates are very important because even a small change can make vast difference in the coming years. The knowledge of economic growth is also important because it can provide the means to allow us to gain valuable insights. According to Robert D. McTeer, preside... Full-text essay
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Economic Indicators

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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. Nobody, including the Chairman of the Federal Reserve, Alan Greenspan has a crystal ball to provide insight as to what will happen if ... Full-text essay
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Economic Models

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The Classical model of the economy says that all markets always clear. The labor market failing to clear does not exist in the Classical model because of competitive exchange equilibrium in which prices and quantities always adjust perfectly. The Classical model is of a closed economy and the variables are real output, employment, real and nominal wages, the price level, and the rate of interest. ... Full-text essay
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Economic Naturalist

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COMPANY GIVES OUT COMPLIMENTARY CALENDARS? always associate the month of December with flood season especially in Kelantan & Terengganu. December also normally become a vacation period for most of Malaysians as this time of the year coincide with school holiday and people are finishing off their annual leaves to be with their family. You might be wondering what December has to do with the eco... Full-text essay
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Economic Openness

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Does greater economic openness between nations lead towards economic growth and convergence? Greater economic openness between nations does lead towards economic growth and convergence. All of the first world countries demonstrate greater economic openness then third world countries demonstrate. Although economic openness may be a solution to gain economic growth and convergence, free trade ... Full-text essay
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Economic Regulation

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The U.S and the world economy like everything else have its ups and downs. The government plays a crucial role in deciding how the economy will set over time. An Economist by the name of John Maynard Keynes felt that if either inflation or unemployment got out of hand, the government could adjust the business cycle to balance the economy. Keynes was more geared toward the bigger picture and ... Full-text essay
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Economy And Environment

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Whether it be through intensified media attention, or due to the efforts of prominent scientists and other members of society, we have become increasingly aware of the detrimental effects that technological advances in industry and agriculture have on the global environment. However, as Carl Sagan points out in “Pulling the Plug on Mother Earth” awareness is not enough, nor is society’s response t... Full-text essay
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Electric Power Industry

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The roots of modern day regulation can be traced all the way back to the late 1800's and found in the form of antitrust. By the beginning of the 20th century, the U.S. government had formed the interstate Commerce Commission to regulate the railroad industry, and shortly thereafter, many other regulatory commissions were founded in the transportation, communication, and securities fields. The main... Full-text essay
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