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Economics Custom Essays Samples
Free Online Research Papers, College Papers, English Papers, Admission Essays, Thesis, Analyzed Essays, Essay Papers, Term Papers, Coursework Essays, Custom Papers, Non-Plagiarized Essays
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 | Asia-Pacific Economic Cooperation |
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| Asia-Pacific Economic Cooperation (APEC) is no longer "talk only". It is an institutionalized forum of 18 sovereign nation-states: the United States, Canada, Mexico and Chile on the American shore of the Pacific, Japan, South Korea, the People's Republic of China, Taiwan, Hong Kong, the Philippines, Brunei Darussalam, Indonesia, Singapore, Malaysia and Thailand, on the Asian shore, and Australia, New Zealand and the Pacific Islands in the South Pacific. The principal item of its agenda is to liberalize intraregional trade and investment flows with a target for free trade by 2010/ 2015/ 2020. |
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 | Economics of Alfred Marshall |
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| Marshall's restatement of classical doctrine is far more difficult of summary, even in its most general form, than the Ricardian analysis. Most of it, indeed, must await the setting of later discussions to become possible of presentation within practicable limits of space.
Along with his predecessors, Marshall is a price economist, a demand-and-supply economist, and, in principle and emphasis, a supply and cost-of-production economist. The demand aspects of his analysis are, without serious difficulty, to be articulated with the little that classical doctrine had to say in this regard. |
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 | U.S. Antitrust Policy |
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| U.S. antitrust policy is not based on any single, coherent objective or rationale. There are two reasons for this. One is the diversity of its sources; the other stems from ideological confusions about competitive markets and the realities that provoked antitrust legislation.
The diverse sources include the policy's origins in the English common law, the Sherman Act of 1890 based on that common law, the legislation of 1914--the Clayton and FTC Acts--which recognized some tendencies for free competition to break down, the judicial gloss put on the legislation, which has taken on a life of its own, and most recently, the intrusion of economic theory that has come to dominate enforcement policy. This diversity of origins brings with it ideological conflicts between its legislative, judicial, bureaucratic, and academic authors. |
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 | Classical Liberal Perspective |
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| Classical Liberalism envisions society as an aggregation of autonomous individuals seeking to pursue their private interests. Ideally, all social interaction should consist of voluntary exchanges among persons, and every individual has the right to be free from the arbitrary exercise of power.
With its focus on individual choice as the primary determinant of social outcomes, Classical Liberalism is ideally suited for expression in the form of economic theory. In fact, the historical development of Classical Liberalism closely aligns with the history of economic thought, starting with classical political economy, continuing with the Austrian branch of neoclassical economics, and culminating in a variety of current bodies of thought including neo-Austrian economics, public choice theory, new classical economics, law and economics, new institutional economics, constitutional economics, libertarianism, supply-side economics, monetarism, and property-rights theory. |
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 | Economics and Natural Resources |
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| The potential for economic progress is in no way limited by any fundamental lack of natural resources. Despite the claims so often made that we are in danger of running out of natural resources, the fact is that the world is made out of natural resources – out of solidly packed natural resources, extending from the upper limits of its atmosphere to its very center, four thousand miles down. This is so because the entire mass of the earth is made of nothing but chemical elements, all of which are natural resources. For example, the earth's core is composed mainly of iron and nickel – millions of cubic miles of iron and nickel. Its oceans and atmosphere are composed of millions of cubic miles of oxygen, hydrogen, nitrogen, and carbon, and of lesser, but still enormous, quantities of practically every other element. |
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 | Economics of War |
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| As Admiral Yamamoto feared, the Japanese victory at Pearl Harbor awakened a sleeping giant and filled it with an awful rage. The last of the dissension that had disabled the United States melted away, and strong public support for the war, mixed with a perceived danger of invasion, allowed the government to expand its role dramatically. The limited Keynesianism of the later New Deal gave way to a modified command economy, as the federal government obtained a domination of the economy unprecedented in American history. 1 The sweeping grant of power to an experienced national leadership with an expressed commitment to limiting war profits augured well for the success of the antiprofiteering effort.
Mobilizing American industry for World War II was an enormous task. America's role in the second great conflict of the century was certain to exceed its earlier participation by a large margin, but it was obvious that the United States would rely heavily on its traditional strategy of overwhelming its enemies with its vastly superior productive capacity. The economic problems associated with war mobilization would differ in degree, but they would generally correspond to earlier experiences. Many of the techniques used to equalize sacrifice and to prevent swollen fortunes during the Great War could be used again. These included excess profits taxation, price controls, luxury taxes, and rationing. |
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 | Combating Inflation and Unemployment |
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| Macroeconomic instability, also known as the business cycle, has plagued Western nations since the beginning of industrialization. Inflationary periods lead to economic and political dislocations that jeopardize prosperity and social order. Recessions impose severe hardship in terms of unemployment, crime, and a plethora of unmet human needs. To protect themselves against the insecurity caused by economic instability, individuals, unions, corporations, and government have sought to suppress the forces of market competition and, in so doing, have transformed the institutional structure of modern societies. |
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