Economic calculation problem Essays

  • Book Review: The Star Fraction by Ken MacLeod

    707 Words  | 2 Pages

    The first part of this review does not contain spoilers. Ken MacLeod's The Star Fraction is a fantasic science fiction novel about love, loss, socialism, anarcho-capitalism, "American-style ‘black helicopter’ libertarianism", and the looming threat of a fascistic world order. The Star Fraction's setting is post World War III UK, where the republican government has been overthrown by the monarchy, and a new kingdom has been established. After many failed violent revolutions to over throw the monarch

  • Lionel Robbins the Economist

    1399 Words  | 3 Pages

    economists of our time. Robbins was known for his contributions to economic policy, methodology, and the history of ideas, but made his name as a theorist. Robbins was made famous for his definition of economics, "Economics is a science which studies human behavior as a relationship between ends and scarce means which have alternative uses." (The Concise Encyclopedia of Economics 2007) Robbins was able to change the Anglo-Saxon thought economics off its Marshallian process and onto the Continental train

  • Was Napoleon Bonaparte the Saviour or the Destroyer of the Ideals of the French Revolution?

    1926 Words  | 4 Pages

    tormented status, to the very pinnacle of its height in just a few years time. He was a military hero who won splendid land-based battles, which allowed him to dominate most of the European continent. He was a man with ambition, great self-control and calculation, a great strategist, a genius; whatever it was, he was simply the best. But, even though how great this person was, something about how he governed France still floats among people's minds. Did he abuse his power? Did Napoleon defeat the purpose

  • Comparing The Robber Barons And The Gilded Age

    612 Words  | 2 Pages

    Century have a negative impact on 21st Century Corporate America today? Carnegie, Rockefeller, Morgan, and Vanderbilt all had something in common, they were all “Robber Barons,” whose actions would eventually lead to the corruption, greed, and economic problems of Corporate America today. During the late 19th century, these men did all they could to monopolize the railroad, petroleum, banking, and steel industries, profiting massively and gaining a lot personally, but not doing a whole lot for the common

  • Solutions To Homelessness

    1837 Words  | 4 Pages

    work for food? sign. Homeless shelters and rescue missions are at full capacity. There is no room at the inn for the nation?s indigent. Anyone who has studied this issue understands that homelessness is a complex problem. Communities continue to struggle with this socio-economic problem while attempting to understand its causes and implement solutions. The public and private sectors of this country are making a difference in the lives of the homeless by addressing the issues of housing, poverty and

  • The Problem of Over-Population

    1100 Words  | 3 Pages

    social problems of Pakistan is overpopulation, it gives rise to other problems such as illiteracy, unemployment and poverty. Actually overpopulation causes much more damage other than giving rise to such problems. It gives rise to many more problems, which affect our country, both socially and economically. I want to illustrate the above mentioned problems for the time being. My aim is to explain illiteracy, unemployment and poverty under the debate of overpopulation. The major economic problems are

  • Migration Out of Appalachia

    940 Words  | 2 Pages

    job. With little to no work available, people were looking for jobs elsewhere and many were looking in the big cities. One reason for the migration was the economic problem many people in Appalachia were facing (Brown 70). It seemed many of them had no choice but to leave their poverty stricken lives in search of a better economic way of life (Brown 61). Industrialized towns became very appealing to them (Brown 61). Opportunities were much greater in the larger cities (Brown 61). They knew

  • Resource Allocation: An Economic Problem

    1123 Words  | 3 Pages

    Resource Allocation: An Economic Problem Selected Issue and Background The issue, which I have chosen to investigate, is the allocation of resources, which are primarily money, by a local authority, namely the City of Westminster Council. The reason why this allocation of resources has become an economic problem is because money is a finite resource, so therefore there is scarcity and the council have to make choices as to how to allocate the resources they have been given. This type of resource

  • China In The 20th Century

    2963 Words  | 6 Pages

    enormous changes. From colonialism and imperialism to republicanism, from communism to capitalism, and from underdevelopment to a country maintaining over 10% economic growth for over ten years. In this research paper, I will focus on the transition of China from a Communist command economy to a type of market economy as well as the economic fluctuations throughout this period. In 1949 Oct 1, the People’s Republic of China was established. Before 1949, there was a period of civil war soon

  • Economics

    1694 Words  | 4 Pages

    Definition of Topic: Economics is the study of supply and demand. It defines the ways that human beings allocate resources and how resources are distributed amongst a market. It allows you to see trends in current market places and predict what may happen in the future. Many different subjects were once regarded as a part of economics. Political science and even sociology were once considered part of the field. These subjects still play a major role in understanding economics but are also completely

  • Communism In The U.S.

    1019 Words  | 3 Pages

    Karl Marx, author of The Communist Manifesto and Das Kapital, was the originator of the political and economic theory of Scientific Socialism (modern Communism). Communism, by definition, is the complete control of major resources and the means of production by government, initially in the form of autocracy. In theory, under this system all would be equal; all would share in both work, according to their ability, and profit, according to need. According to Marx, the proletariat, or working class

  • Dangers of a Totalitarian Society Exposed in Brave New World

    2698 Words  | 6 Pages

    Dangers of a Totalitarian Society Exposed in Brave New World On a superficial level Brave New World is the portrait of a perfect society. The citizens of this Utopia live in a society that is free of depression and most of the social-economic problems that trouble the world today. All aspects of life are controlled for the people of this society: population numbers, social class, and intellectual ability. History is controlled and rewritten to suit the needs of the state. All this is

  • Norma Rae and Labor Conflict

    891 Words  | 2 Pages

    threat unions pose to profits. Workers take much bigger risks than capitalists because workers are personally invested in a job; their livelihood is threatened when the company suffers economic problems, relocates, or consolidates workers and technology. While a company's directors and owners may feel the economic pinch of less consumer spending, it is the worker who "stands to lose all of his or her income" (Bowles 130). Norma Rae dramatizes the fears of its characters when Norma Rae points out

  • Scarcity: The Universal Healthcare System

    1670 Words  | 4 Pages

    Scarcity is frequently known as the universal economic problem. It recognizes that us, as citizens have unlimited wants and needs from a variety of limited commodities. Instead of everybody getting what they want, these resources must be split up in ways that may seem unfair to some. These resources include food, clothes and medicine. In order to split up medicine fairly, politicians and citizens have offered up ideas based on both socialist and free market ideals. Socialism was popularized in the

  • US Immigration Policy

    1025 Words  | 3 Pages

    Immigration Policy The United State’s immigration policy has undergone great change since the turn of the 20th century. Many things have contributed to this change, such as political problems, poverty, lack of jobs, and in fact our changing policy. The countries affected by these problems may have changed but the problems themselves have not. No matter what the location or time period, people have been driven from their homeland as result of political disputes. There will always be poor, 3rd world

  • Effects of Popaganda films on World War II

    2567 Words  | 6 Pages

    He adopted such support by using his Nazi propaganda films as a weapon of mass distraction and manipulation of the people of Germany. If he had not idealized the German soldier as a hero, and bestowed nationalism in his people, and blamed the economic problems of German on the Jewish race then he never would have been able to accomplish what he had in such a short amount of time. The most famous Nazi propaganda film is Der ewige Jude (“The Eternal Jew”). “Der Ewige Jude” was engineered by Hitler’s

  • Different Interpretations of the Effects of the New Deal

    1108 Words  | 3 Pages

    self-respect. It gave them confidence to lift the united states out of depression (II) The New Deal wasted a lot of money, it made people dependent on the government and led to the government becoming to powerful. It did not solve America's economic problems - the Second World War did that. Statement 1 is well supported, source B agrees that the New Deal was positive for America at that time. An American historian wrote it in 1945, he stated 'first comes the restoration of self-confidence';

  • Job Outsourcing

    551 Words  | 2 Pages

    United States perpetual economic problems. Held within the crumbling economy of today, are many ongoing controversial issues that plague our once healthy nation. One such problem is job outsourcing, an issue with many schools of thought giving the topic its controversial nature. The exportation of jobs offshore is job outsourcing. This, to some, is believed to be a benefit to our economy. According to a brief report from the National Center for Policy Analysis, “Increased economic globalization has caused

  • Alien and Sedition Act

    1303 Words  | 3 Pages

    of people. The United States at this time was faced with such economic and political problems domestically. Such economic problems as a trade barrier created such turmoil. In the text it is described that Spain, England and France on conditions of trade by saying that “Immediately following the war, Britain, France, and Spain are all restricted from American trade with the colonial states.” Our nation was also faced with one such problem as debt. The wars and battles our great nation has gone through

  • Sound on Disc

    517 Words  | 2 Pages

    sound-on-film, would soon take reign of the talking motion picture movement, as the audience and the exhibitors started to become more demanding as technology was slowly improving. Sound-on-disc was simply beleaguered with too many technical and economic problems to continue to stay relevant. Thus, the competing sound-on-film format eventually became widely-accepted in the motion picture industry and is used even to this day. There were many different technologies in the beginning of the 20th Century