The Economist

transportation development will create a greater population distribution to the San Diego periphery cities and thus a larger demand for a variety of commodities and services outside the CBA area. 2). Industrial Location Theory as defined by German economist Alfred Weber is a theory that looks at how businesses will seek to locate to areas where the cost of transportation, labor, and raw materials of the final product are at a minimum and the expected demand for that final product would maximize profit

Book report for Todd Buchholz’s “New Ideas from Dead Economists This was a great read! Not only was it very informing on past and present economic thought, but it made economic issues seem exiting, ironic, and understandable. He connects economic principles with past and modern events like the fall of communism, global warming, overpopulation, and politics. Issues I didn’t even know existed were brought to life for me with his stories. I particularly enjoyed his chapter on the “doom and gloomers”

John Stuart Mill, an English philosopher and a political economist, had an important part in forming liberal thought in the 19th century. Mill published his best-known work, _On Liberty,_ in 1859. This foundational book discusses the concept of liberty. It talks about the nature and the limits of the power performed by society over an individual. The book also deals with the freedom of people to engage in whatever they wish as long as it does not harm other persons. In _On Liberty,_ Mill employs

work well in small populated countries. The model has not been constant, but has instead evolved to fit changing global circumstances and to fit individual country conditions. This evolution can be thought of as involving four stages. What-does-economist-say-about-export-oriented-economy. They are deeply dependent on the foreign economy for doing well so the economy at home can perform. GDP GROWTH (%) Japan’s growth trend: 2010 – 4.65% - With increase in Global growth rate Japan also started recovery

Karl Marx, a German philosopher and economist born in 1818, had a profound impact on and revolutionised politics, economics and intellectual thought (Calhoun, 2002, pp. 23-24) when he emerged as a revolutionary thinker who denounced the economic and political elites (the Bourgeoisie) and argued Communism was the inevitable destination for society. His abstract view of human history led many to adopt his ideas and led to the formation of self-declared Communist states across four continents. Stalin

Expanding the Pool Conservative economists argue and decry a regulated health care system because of an “adverse selection problem”. One way to lower the price of health care and in turn lower medical insurance is to expand the “pool” of insurance users. So to combat that problem, it is recommended to take a similar approach as in Japan, which boasts the second largest economy and the best health statistics in the world. For example, the Japanese go to the doctor three times as often as Americans

Keynesian economic was developed by British economist John Maynard Keynes during the 1930s as a way of understanding why the great depression happened. Keynes felt that if government expenditures increased and taxes were lowered, then the global economy could be pulled out of the depression. Macroeconomics is the study of national and regional economies. It examines economic factors like unemployment, gross national product, consumption, Inflation rates, Business cycle fluctuations and foreign

John Maynard Keynes was an economist who served as an economic adviser for the British delegation at the Paris Peace Conference in 1919. Soon after, Keynes resigned from his position and wrote The Economic Consequences of the Peace. A very influential work detailing the major pitfalls of the Treaty of Versailles. Keynes discusses the economic consequences of the Treaty of Versailles on all of Europe. He claims not to question the justifications of the treaty but rather to bring to light how Its

After reading Freakonomics: A Rogue Economist Explores the Hidden Side of Everything by Steven D. Levitt and Stephen J. Dubner, it opened my eyes to the most interesting approach to the world. The book name in itself is an odd and unique title. It defines Steven Levitt’s irregular approach to the world of economics and makes you “forget your image of an economist as a crusty professor worried about fluctuating interest rates”, says Publishers Weekly. Steven Levitt focuses his attention on relevant

This paper will explore whether political economists can gain a useful insight into the utility of economic sanctions if they utilise game theoretical modelling. It will explore the various strengths and weaknesses of using such models, and whether there are any ways to rectify these weaknesses. My hypothesis is that game theory is a highly useful model for understanding sanctions, however the framework by which one analyses can vary and alter the games. Realists frameworks can allow us to gain