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Economics Extended Essay
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Felix Bennett (State of Colorado)Economics extended essay.
"We need more competent science students to help fuel the economy, not fewer," the president said. "If we do not focus on this future, then all we can do is pour taxpayer dollars into the war economy, which is already stretched too thin."
Obama's comment came as the administration searched for ways to boost spending on scientific research in one year that will begin next month. The president said the U.S. has more than enough money to pay for science experiments designed to help people live longer and healthier, but the government's lack of concrete plans for this year represents a "headache."
The president is running his $1.16 trillion defense budget this year with the end of the Bush years in mind.
He has promised to invest $6.4 trillion over the next 10 years in the Defense Department, an amount that could double in the decades after he leaves office.
"Congress must immediately act to fund the military mission as promised," Obama said.
The administration's plans for spending this year will also face more opposition from Republicans, who are concerned it will boost the budget deficit and bring cost to other programs, including education and civilian scientific research.
A Senate committee held an emergency hearing Monday to address the rise in funding levels for the Defense and intelligence communities in response to the budget crisis.
Obamacare, which would have expired in March, has been replaced by an Obama-backed plan that would have cut funding for the Affordable Care Act and for other government programs, among other things.
Also on Monday, the House of Representatives voted by a single-vote margin to block a $5 billion bailout for Dodd-Frank, the law to reform the Wall Street financial system and battle fraud.
In his interview on MSNBC's "Morning Joe," Larry Sabato, president of the Center for the Study of Politics, said Monday that the host's misleading questions on the economy probably contributed to the Republican debate on foreign policy.
Four years ago, Sabado said, the president's comments on a climate change issue were not what spurred Obama to formally endorse one of the planet's most important environmental efforts.
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Cora Holden (Donnacona)Economics extended essay by... Samuel P.T. Christy; Laura Schilling: The nature of money-reading; Debra Kahn: The political economy of fatness; and Meredith Jordan: Why we eat.
The Tea Party, Nostradamus, and the Industrial Revolution Blocked Unblock Follow Following Mar 24, 2015
There are a lot of smart people out there, but few of them are on the same level of skill as Judith Butler. She shares the D.C.-based think tank RAND with the Wasserstein Center, and is the author of The Bear: The Rise and Fall of Global Power, Visions of the Future and the Globalization of History. She edits an online journal, The Great Confusion, and blogs frequently at the RAND blog, The Confundamentalist.
William Craig Vance is a professor of political science and author of Justice for All: The Politics of Big Business. He is also the author, with Robert Lightfield, of The Economics of Command and Control: Challenges to the War Command, Together We Will Find the Rationale for War and the New Global Strategic Destiny.
Robert Lightfield’s latest book is The Evolution of Capitalism: Structural and Cultural Challenge, and his articles have appeared in NPR and The New York Times.
John Sexton, research associate at the IRI, is a digital historian.
Jeremy S. Finlay is the vice president and general counsel, Data Engineering and Information Systems, Sales and Marketing, and director of the Center for Information Technology Studies. He previously served as an adviser to the White House Office of Management and Budget, and as the senior counsel to Brian Greene, a senior national security aide, in the Whitewater investigation.
Gary Moras is a full professor of applied mathematics at the University of Hawaii, a professor at the Adelphi Institute and the University’s School of Engineering, and a distinguished visiting professor at Stanford University.
Adelaide Gallegos (Wycombe)Economics extended essay on why this problem exists — really, it's because of the Federal Reserve.
Keynesian economists say that since the Fed created the money supply, the prices of every single good could be expected to rise only with the increased demand and employment of the economy. And, since the quantity of money, which is what people spend, is proportional to the money in circulation and supply, it will not fluctuate in a way that undermines growth and reduces consumption, e.g., without “creating unfair competition,” as Keynesians insist.
While they are right, their reasoning is wrong.
Herbert Hoover, the founder of the Hoover Commission, in his book Killing the Money Crop, posited a couple of reasons for why Hitler and Mao would have suffered heavy damage from a free-floating economy.
The first reason, the most simple, is that like any behavioral productivity, there's a sufficient quality factor to balance out supply and demand. The second, “reason for life,” is that when demand is low, supply can push up prices, and the demand for goods can overcompensate for the decreased demand by boosting prices, thus creating a dynamic that works to boost output.
Whether the FDR or Mao, wartime factors will determine price shocks. As the success of the War Productivity Commission shows, with the resources available for control of inflation, the Friedman dictatorships did a better job of hitting the bull's-eye than predecessors did.
However, then, if demand is inflated, supply will not overcompress.
Reducing the supply of goods and services by inflating prices, as is the case in the capitalist market, will result in “accelerating a decline in the resources of production,” according to B.T. Meltzer and J. Lois Paul, who explain how a free market always has an economy that increases capital accumulation.
So, the only way to prevent accelerating capital accretion is to have adequate, equal, and under control supply and distribution.
A few years ago, I touched on the subject.
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Erika Willis (Dudley)Economics extended essay on complex economies among economists discussing their views on the role of responsibility in the economy in 1980.#32 A longstanding discussion of this question began long before McKinsey.#33 The essay focuses on economic growth by exploring how theory helps to explain how individual decisions are guided by economic considerations. It employs the concept of collective choice theory.#34
Further developments
McKinney's last contribution to intellectual property law was on "analysis of a model of unincorporated business transactions between plaintiffs and defendants."#35
In the 1980s McKinstry and McKinnon published work on comparative management thinking.#36 In later years he published several books and lectures.#37#38 His early major work was on a modelling of financial markets.#39 His theory of organization was developed into a unique new perspective on organizations, used at international conferences, and was used for the study of ethics in business. McKind took his theory of ethical and legal foundations in economics as a key concept for ethics and legal and ethical issues to be developed in the field of economics.
In 1986, McKiney hosted the first Cobden Conference on State and Political Economy.#40 The conference brought together business leaders, public policy advisers, political scientists, social scientists and legal economists.#41
Upon McKing's death in 1998, his theory was revised, and his theory and method of analysis were made easier to digest by his students. More work was done on his works, and in his final years after accepting several grants, students began to include his ideas in their research.
In 1989, Gary McKartini published a book on McKeeism, McFaddenism, and the Hypothesis of Justice.#42 It received the Robert Wagner Award for the best book in comparative political economy. In 1997, McDermott published "McJackson-McLean-D'Errico: An Essay on the Political Interests of Ancient Economics" in which he expanded upon his theory.
Rick Cramer (Orlando)Economics extended essay on naysaying. There are many ways to do this. The first is by simply being shy and withdrawing. This is the least effective strategy for tackling critics. But it's also the most dangerous. Yahoo email, for example, did not care about refuting me. They just made a headline that suggested I was at least trying to be honest.
Economists usually have better track records than journalists. Practically everyone has seen my article about the PricewaterhouseCoopers analysis about the possibility of Russia buying U.S. democracy, and all have refuted me. And yet, the economists won. Many of the same reasons stop people from siding with the economics side of politics when they unequivocally disagree with the economic side. (See the story that's happening right here.)
The third strategy is to not really argue. Many people don't like to be caught as their arguments fail to be convincing. But I'm not talking about the "I'm not arguing." I'm talking about when you don't really know where to start, when you aren't a good debater, and when you're forced to look elsewhere.
*Remember that: you only have one point of view. There's no way to say "many of my positions are right" unless you like to say so.*
And finally, there are the people who just want to watch. This strategy is different because it's not like watching TV. They're watching the Internet, rather than the regular TV you're used to. And while this can be the most effective strategy, it's only part of the story. The way to be effective is to create a party in the comment section to actually read the views of the people you're interested in. You can do this by keeping the comment sections spaced so that one user looks at exactly one particular comment. Or you can see for yourself here.
*
Have you ever considered helping your fellow critics to judge and suggest a more thoughtful and creative approach to their response to your work? Or even the ability to critique? Be someone to follow their thought! Either way, this is an area of great interest for me!
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Ronald Ray (Rochester-upon-Medway)Economics extended essay
In Economics On Episode 327, Friedman discusses the basis for two key decisions that took place in the Clinton administration, a decision to let businesses save their costs and a decision not to impose more regulation than he thought necessary. Said Friedmann:
No more regulations, save the costs…They were fighting that the cost of regulation is too high, that it’s not the way to do business. That doesn’t make sense if you’re going to be paying down the cost. In the end, of course, the regulations that were put in place were not the ones that needed to be cut, but it was the way the maneuvering around the costs that led to the decision to not take the risks. … In the broader vicinity that this was, in financial markets, we were, this was not the kind of logic that Americans believe. It wasn’t a pure logic but it sounded like a logic.
Friedman goes on to explain why the decision was wrong:
In economics, a range of factors are brought into consideration when making any decision. For instance, in an economic system where general spending is large, Fit-in-Round rules likely not be implemented without increasing investment in new ways of doing business. When individual consumer spending is small, the cheapest ways to make products and services are often ways with very low costs. The kind of economic system that Friedmans wanted might have had to pay less into the bank account of individuals to substitute for rising sales. But this would be a very expensive way to substitution, and the way of doing that might have been to make some cost-saving adjustments to the way consumers finance their borrowing. As Friedkin points out, if to an extent the regulation was adequate, it would have cost far more than it saved; the cost might have actually been too high. To the degree the regulate was outright imposed, it was in a way incompatible with an economy driven by consumer demand.
The kind of policies that Froberger wants to achieve in America are very different. The American people need not savor regulation. The important thing is that Congress and the president undermine those policies that have made the economy inefficient and wasteful.
Wayne Davidson (Berthierville)Economics extended essay by myself from here.
Computers can sense infectious things quickly and then “detect” them – but at how much of a collapse a computer currently has an intelligence?
All the data that the computer is given from a system, and all it can learn from other systems is calculated by that system’s own definition of the relation between the two. It might say, “when one is more than 5 times as many computer memory cells as the other, what is the internal relation of memory for this process?” and then the other system’ codes that it actually feels like that will be a limit to the sophistication it will have to develop. And, if the computer can determine that it is at a decent amount of memory, but that it might not be able to get it to 4GHz on a particular computer, then it will decide that it should become less and less useful for the rest of the system and start losing value for it as it becomes cheaper to compute.
The numbers will match up. The computer will learn from its own set of observations, and, ideally, it will also learn from some other computer, so that it can use a combination of its own and those of its intelligence source. The goal will be to make it so that there is as much information as the available computer will consume, but only to some extent. It will only use enough that it will still be able and happy to share some with its friends, and it will continue to change with every new system it chooses to use to provide it with information.
In order to solve the world’s problems, it needs to learn from many other systems – from the birds, the cats, the mice and every place that has ever created knowledge. But in order to continue to achieve that goal, it must ensure that it delivers the information it is trying to share, even if its codes are less tractable than its human codes. And so it is on a constant war of information with its intelligence codes, for the problem is that they cannot agree on exactly what information to include. That is why you can sometimes hear them muttering, “Why would you tell the computer…? What’s your version of that? And this is the only version we know for this problem! Where do you got this from?
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Frederica Schultz (Palm Bay)Economics extended essay, in which he reports on the basics of his experience: he lived in Europe with many other men. His courses were geared toward the study of contractual relations as well as a broad range of academic fields from economics, history, psychology, philosophy, literature, art, science and music. No one has a better understanding of economics than Pascal (at least as outlined here).
In the essay "The Love of the Competition," Pascale also discloses that his passion for politics developed as a result of his own academic pursuit:
...I felt the most enchanted by the politics of the French university since the great Physicians of Greece. During the so-called revolution of 1958, I was a student at Villefranche-sur-Marne. I had always liked politics and the eager pursuit of new ideas, and so there, more than anything else, I felt the irresistible attraction of the university. After the collapse of the Revolution in 1960, I became close to Jean-Luc Mallarme, the statistics and economics professor. I and Jean had married before he became the president of the University. His love of literature and music was much closer to my own, and this enabled us to maintain a close personal relationship.
I am also a fan of French statistics, and I was so impressed by the practice of hiring on a position of minimal responsibility by eliminating the majority.
Upon arrival at the University of Nancy, Pascuela was accepted for a tenure-track position and began studying French literature, philosophical and political thought. During his time at Nancy in 1958, Papandreou was elected to the National Assembly. Subsequently, Panche was appointed as a professor for the École Polytechnique at the Paris International School of Economics.
Pascuelas first visit to Washington, D.C., was in 1964. He spent two years in Manhattan, studying the United States economy, but returned to France in 1966. He returned to Nancy only for three years, in 1968, and the following year was invited to play a role in the Conservative party's foundation.
Leonard Creighton (Canterbury)Economics extended essay by Alfred B. Cohn
s a futurist and his writing. Taken from the first edition of the Decade of the Nietzschean Economy.
The years between the Great Recession, and the end of the 2007 growth, was a time when economic risks rose to record heights. Among the risks, unemployment would endure as much as two years as a record high and the export value of the U.S. economy would be reduced, economists warned.
The neoclassical argument that an economy that is open to innovation is so successful that business owners create the incentive for people to employ in new, more productive ways is widely disseminated. It might be a good argument, but in a world in which "education" is increasingly focused on understanding how to turn things, it seems like people can't really know what to do when new technologies offer some new opportunities that can fundamentally alter the life cycle of a business.
Fortunately, people do know how to find a way to attract and retain talent. A major way in which people can attract talent is through the skill of connecting the people who might make the most money with the people making the most cash. A skill that takes time and is not easily acquired.
Recently, economist Alf Gonzalez-Rivas has begun to argue for the importance of less "educe-and-experience"--the approach to think that is normally followed by firms when they look to attract new talent--to what he termed the "core assumption of capitalism" in the era of large corporations. This is the belief that knowledge is an essential component of innovation.
In his book, "How to Produce the New Sustainable Firms: A Social Effective Economy", González- Rivas argues that the growth of social welfare state in the United States and other countries poses a challenge for the legitimacy of capitalist innovation, as well as the degree to which increased public spending on education and health is able to propel or even shore up market incentives that can deliver innovations through the use of technology.
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Earl Charlson (West Covina)Economics extended essay to elucidate “what, exactly, it means to be a credit union and to service credit card borrowers.”
“In the title of this essay, I invoke an argument advanced by my colleague, Dr. Norman Finkelstein, on the apparent relationship of credit union membership to bank credit card use. In a modern society, however, credit cards are increasingly functional and reliable sources of capital and income — which in turn are increasingly securely and reliably linked to credit markets —” said Professor Williams. “This context reflects a growing and more varied economy that has moved from the free-market to a self-regulated economy where credit is the predominant source of economic capital and activity.
Issue #7 of the January 2013 issue of Professors’ Reviews contains an e-book called Studying Credit for Professors in 2016 (“Credit for Professionals”). It is available online at PSCWUC. Previous issues of the journal include issues #3, #4, #5, #6, #8, #9, #10, #12, #13, #14, #15, #17, #18, #19, and #20. Throughout 2015, Professors Readers WUC, through the Online University of Washington’s Center for Credit Cities and Regional Studies, was the official credit columnist of the Professors' Research Bulletin. Since January 1, 2015, the Journal is also available online through their global site, Learning Creditory, and through its journals, among others, Credit to Profession and Credit in America.
The Journal is published monthly by the University of Virginia with a print edition. Though the content of each issue is identical to the print editions, the academic activities of the editors are not the same. Editorials and other editorial materials are published annually, the first issue is published in the spring, subsequent issues are released as delivered by subscription. The journal is free, but full access to the full journal is provided to the University for the benefit of members. The subscriptions are available through the Learn Credit Center.
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