Economy Book Reviews Samples For Students

Is the Federal Reserve Good For Business?

Federal Reserve System is the main banking unit of the United States. It was enacted under the Federal Reserve act in 1993.Its establishment was influenced by the need to address financial shocks in 1907. It is the central bank of United States whose role includes the supervision of commercial banks, government’s bank, and formulation of monetary policies and lender of last resort.

The main point of discussion is the role played by federal system in the United States economy. According to Daniel Indiviglio, Federal Reserve is the backbone of United States economy and why the economy has withstands ...

Book Review

Introduction
Cycles: The Science of Prediction by Edward R. Dewey and Edwin F. Dakin, published March 1947 by Henry Holt & Co. NY. This is a much-criticized book but it is very importance in the field of economic development. In this book the authors have tried to shows that the 54-year price-production cycle of commercial activities and the 18 1/3 year Real Estate Cycle have much more importance than any other cycles in forecasting the situation of the economy presently. The authors have name the 54-year price-production cycle as a "Kondratieff Cycle" and the "long wave" because its length is unclear. ...

Rightly named by the author, James Grant, his book “Forgotten Depression 1921: The Crash That Cured Itself” is about the economic depression that America faced in the years 1920 and 1921. Touted by a few as equally bad or worse than the great recession of 2007-09, however, this depression of 1921 had managed to swivel away on its own, paving way to a roaring economy of the twenties in America. The author asks the economists and the policy-makers to follow on the similar lines of non-intervention at the times of crisis/recession or depression, thus reducing the extent of damage and the ...

Chapter Summary

In chapter 19 Ramsbotham, Tom, and Hugh examine a number of conflict resolution theories as well as critiques to the theories. The first theory advanced in the chapter is the Pluralist/ Cosmopolitan Heartland of Conflict. This theory of conflict resolution proposes the formation of an international body that is inclusive of all nations globally that is in charge of ensuring conflict resolution. In this case, conflict resolution is achieved through structures set up to ensure effective and efficient global governance dispensed through an international society of states. The main methods used in conflict resolution under this theory are dialogue, negotiation, ...

Section 1: What is the something else that DeSoto argues is necessary for a capitalist economy to produce wealth? Choose and explain one example or counter example used by DeSoto to make his case.
The developed capitalist economies have the wealth to produce more financial resources for the investors. The individuals in the developed countries have houses, lands, and many other assets depending on those they can produce financial resources through the developed financial markets to make relatively more and more investments. Consequently, according to DeSoto, the capital is the most influential factor to be relatively more competitive in ...

India Becoming: A Portrait of Life in Modern India by Akash Kapur

The enormous transformations that transpired in the history of India some two decades ago drove the country into a stronger economy while inexorably influencing the traditions and social relations. The book titled “India Becoming: A Portrait of Life in Modern” presented the changes in India through photographs of a rural landlord, an individual working in a call center, and an activist of socialist environment. The author narrates stories of people who embody a range of Indian civilization.

India Becoming

In the book titled India Becoming, Akash Kapur traces the roots of modern India, a demarcation line that can be illustrated back in the 90s. Kapur made a ...

(An Application of the Seven Major Sources of Economic Progress)

Authors: William Seyfried & Rollins College

- Article Summary
The article ‘Employment Intensity of Economic Growth’ seeks to examine the relationship between economic growth, as measured by the GDP, and employment levels, with the main focus being on the margin countries of Europe known as PIIGS (Portugal, Ireland, Italy, Greece and Spain). It pertains to research done between 1999 and 2012 to study unemployment growth rates and GDP after the financial crisis proved that the peripheral countries were in a dire financial state.
The financial crunch immensely reduced the availability of financing, and hence ...

The book “Enough is Enough” is an excellent work done by authors, Rob Dietz and Dan O’Neil. The book very precisely details out how earth’s fitness resources are being utilized without making any improvement to people’s lives. Authors very brilliantly describe the realistic alternatives to continuous quest for economical growth and development: economy for which goal is not enough, any more. The book explicitly presents strategies to preserve natural resources, decrease disparity, stabilize population, generate jobs and fix financial system etc. All strategies emphasizes on capitalizing on long-term economic well-being than sort-term earnings. The book is ...

A Capitalism for the People: Recapturing the Lost Genius of American Prosperity

- Introduction
The book A Capitalism for the People is written by Luigi Zingales who is an American economist and currently based in University of Chicago as a professor of finance and entrepreneurship. Born in Italy, 1963, Zingales moved to United States in 1988 with an assertive passion that the economy of a country should not only benefit the big businesses rather it should be focused on the good of an overall market.
‘Capitalism for the People’ is a philosophical, moral, ethical and a monetary account of the current state of US economy. It articulates the author’s conviction that a country’ ...

Book Review - Liberty and Power: The Politics of Jacksonian America

In Harry L. Watson's Liberty and Power: The Politics of Jacksonian America, the second party system era is examined on a national level (following up from his regional study of Cumberland County, North Carolina, during the same period of time), providing a rough overview of Jacksonian politics in general. Issues such as nullification, the Bank War, and Andrew Jackson himself are addressed in a detailed, yet unspecialized way, providing the reader with a passing glimpse at the entire era and how its politics affected the cultural and social landscape of America. Watson's thesis is that, despite the typical challenges that Jacksonian Democrats presented ...

The Return of Depression Economics and the Crisis of 2008

The Return of Depression Economics and the Crisis of 2008 is an economics book that was written by Paul Krugman. The book is an analysis of the 2008 financial crisis that followed an economic downturn amid huge economic activity in the financial sector of many economies including that of the United States of America. The book further follows and traces integration of the unfavorable economic conditions into the financial crisis experienced in the year 2008. In addition, Paul Krugman considers the parameters that characterize a relationship in an economic depression context basing the argument on the depression and the economic ...

INTRODUCTION

The idea of persistent poverty is a pervasive one, and its context in the plantation economy is important to understand if these aspects are to be applied to one’s own concept of the economy. In George Beckford’s 1972 book Persistent Poverty: Underdevelopment in Plantation Economies of the Third World, he presents a comprehensive, interdisciplinary approach to understanding the plantation states in the West Indies, while expanding the scope of these appraisals to other third world countries.

The book begins by showcasing the main characteristics of plantation societies, demonstrating the political, economic and social patterns that develop. These patterns are ...

The book, The Quest for Prosperity, is written by, Justin Yifu Lin. Mr. Lin is the chief economist and senior vice president of the World Bank. He illustrated in his book, a fascinating overview of development, development of economies, development for the underdeveloped countries and economies particularly after the Second World War. The book written by Justin Yifu Lin has been notable and it has been acknowledged as a knowledgeable and highly sophisticated book for people that have their interest in economic development, economic policies, economic growth, development of economies and development for third world countries that are struggling to improve ...

The idea of persistent poverty is a pervasive one, and its context in the plantation economy is important to understand if these aspects are to be applied to one’s own concept of the economy. In George Beckford’s 1972 book Persistent Poverty: Underdevelopment in Plantation Economies of the Third World, he presents a comprehensive, interdisciplinary approach to understanding the plantation states in the West Indies, while expanding the scope of these appraisals to other third world countries.

Beckford’s basic argument is that “the net development impact [of the plantation system] was large enough to bring about a transformation from a condition ...

Introduction

Casino Capitalism is a vivid description of the international financial markets, their behavior, and the economic strength they yield to various entities. The book goes on to describe the advantages of international financial markets and some of the evils associated with the same. The author, Susan Strange was a former student of the British international relations studies; she is mostly renowned for her contributions to the creation of the international political economy. Apart from her major publication of the Casino Capitalism in 1986, she also published other books, namely: States and Markets (1988), The Retreat of the State (1996) ...

The author of the book ‘Can Asians think?’ who is also an Asian sets up a forum in the book to discuss several factors that make the whole Asian continent lag behind in technology and development mostly in its economy. The book also discuss a lot of ideas that form an answer to this question and seeks to explain all the possible approaches that can be used to discuss the issue (Kishore, xiv).
In the initial chapters of the book, the author of the book poses the question of the ability of Asians to think. By first acknowledging that the ...

The Review of ‘The Glory and the Dream’ by William Manchester

Describe the central theme and objective of this reading. Cite examples from the reading.
Recently I’ve read the book on history called ‘The Glory and the Dream’ by William Manchester. ‘One more boring history book,’ you may say. But you shouldn’t draw any firm conclusions at once. Let me prove you that even history books can be interesting and absorbing. Are you ready? So, let’s go.
There are two volumes of this book which the author called a narrative history of America. It comprises the information about the years from 1932 to 1972. And, unlike other ...

In Milton Friedman's Capitalism and Freedom, Friedman argues that political freedom cannot come about without economic freedom, and argues for the perpetuation of the free market as a philosophical and practical solution to many of society's problems. Friedman's perspective is decidedly liberal, though this is framed through the European definition of the word (i.e. limited role of government), instead of the American one (expansion and increase in size of the social safety net).. In this way, he seems to be the quintessential libertarian, believing that the private sector can and should provide for the needs of a free society. This ...

Galbraith’s book ‘The Affluent Society’ looks at the socio-economic organization of the United States and the political forces that are necessary for creating a strong economy not only in the short-run but also in the long-run. Galbraith central macro-economic concept is that the US economic is based on the European Economic theory. In his argument, Galbraith argues that there has been an inclination by the US market to take a trajectory that seeks to maximize production rates. Effects such as increased technology and the machine-based industries have been adopted over the years so as to maximize production. However, Galbraith criticizes this ...

Introduction

In the year 2008, the United States was plunged into a financial crisis that was the worst ever experienced since the Great depression. Most banks collapsed during this period and the state was involved in organizing for a transfer of wealth. Many scholars among them economists and financial experts were shocked by the speed at which the events took place. John Bellamy in his book “The Great Financial Crisis” gives a bold analysis of the financial meltdown, its causes, how it developed and the implications that it had to the general economic status of America and other countries across the globe.

This ...

This essay seeks to present how contemporary globalization has impacted on Peru. The succeeding sections will first provide an overview of Peru, followed by the specific effects of globalization to the country. In the second half of the essay, this author relates the experience of Peru to the ideas presented by Christian Parenti in his book Tropic of Chaos. The essay then brings together the ideas presented in the concluding section.

Definition of globalization

Ward & Gleditsch (2004) defines globalization as the “increasing internationalization of processes previously confined to nation-states” (, (p. 161). This could include processes that are political, social, and economic. They ...

The Turkish Economy after the Global and Financial Crisis by Dani Rodrik is an article that clarifies how Turkey has encountered three financial crises. Turkey has gone through three monetary catastrophes since it unlocked up its investment interpretation in 1989. The first occurrence was in 1994 when a mistaken effort to keep local interest charges low led to an unexpected capital leakage. The other one was in 2001, when a petty political catastrophe threw the survival of an exchange ratio centered a steady program into inquiry. It also led to a huge pulling out of funds. The third occurred in 2008 as an ...

Executive summary

As the author states in the introductory part, the main purpose of writing this book was to understand what a capitalism is, why it is better than other economic systems, what the main shortcomings of capitalism are, and what solutions can be proposed in the twenty first century so that to make capitalism work more effectively (Kotler 1-3). Kotler also claims that efficiency of the economic and political systems should not be measured by only net financial outcomes. Besides gaining leader’s positions in the global market, national economy should increase the average level of living standards, which is, ...

Book Review

In lucid language, Tim Harford brings forth to the reader the multifarious linkages that bind the global economic system. Over the course of ten chapters, Harford brings home an account of economic activity and highlights linkages between economics, human development, psychology and similar esoteric discoveries.
Harford commences his journey as an ‘undercover economist’ by observing how Starbucks Coffee shops are strategically placed at the exits of metro stations. Harford observes that while the retail price of a cup of coffee is far in excess of the actual cost of producing one, most of the premium goes the way of ...

During the 1930s, the Great Depression affected many states leading to major changes in most sectors of their economy. One of the countries that became a victim of the Great Depression was Canada. Owing to this, the issue has attracted the attention of many researchers. The aim of this review is to examine the work of one such researcher, Katrina Srigley, in her book, Breadwinning Daughters: Young Women working in a Depression- era City, 1929-1939 (2010). The Great Depression era affected the live patterns of young women in Canada. They experienced a great shift while trying to adapt to the economic changes ...

Section I: Selection of Business

Economics is a social science concerned with decision making along with money making. Macroeconomics is concerned with the general problems of the whole economy as inflation, unemployment and growth. To start any business, the tools of economics are very important. I had chalked out a few prospective business plans for starting my own commercial activity. There was a lot of dilemma in the beginning, the plans were so many but the feasibility had to be worked out. I arrived at two options first, to open a café and second to open a fitness studio. Both the café and fitness were in great demand. Since ...

Introduction

Japan encountered both good and bad experiences after the war between the year 1945 and 1952. This was the period when occupation officially ended and later, followed by chaos and destruction in Japan. The emperor Hirohito gave his surrender speech, and most people felt betrayed and displaced. During the early days of occupation, Japans had to deal with hunger due to food shortage. There was excavating black market and Japans traditions were forgotten. Decisions made by USA resulted to change in societal conscious instead of focusing to change everyday life of the Japans. USA government did not punish the ...

Globalization can be defined as the increasing relationships in the globe concerning culture, economical activities and political influences. In economics, economic globalization refers to the unrestricted movement of goods and services across the national borders with little or no barriers. It has been argued that economic globalization can result in economic growth in developing and developed countries through specialization, reduced labor and technology importation and comparative advantage. Critics have challenged the idea of globalization by claiming that the people encouraging globalization only looks exaggerates the advantages and underestimates the costs of globalization. It is in this perspective that we ...

Introduction

The Second World War was one of the biggest wars to be witnessed in the world history. Countries ventured into the Second World War in order to settle their scores that were left unsettled during the First World War. German was the main problem causer and other European countries teamed up so as to oust Hitler who kept on conquering Europe. Hitler ignored advice from the military personnel but insisted that they push on further. Japan on the other hand wanted to become the world’s super power and so continued with its scathing attacks to the countries that ...

Introduction

Labor and Monopoly Capital by Braveman is a book that is written on the sociology of work division in the modern world. First six chapters of the book discuss the nature of labor and management. Braveman starts off with defining labor, which is not instinctual as it is adopted by men out of purpose and consciousness (Braverman 46). Labor is based on the use of mechanical and technical tools as well as physical and mental energy. In capitalist market, the definition changes and labor is used to reproduce the power that elite hold in three ways. Firstly, by providing ‘ ...

The Lower Mississippi Valley before 1763” by Daniel H. Usner, Jr. – A Review

Review of the Usner book “Indians, Settlers, & Slaves in a Frontier Exchange Economy:

The Lower Mississippi Valley before 1763” provides a historical perspective on the economic framework of the frontier life among the native people, the settlers, and the Native American slaves of lower the Mississippi Valley in the southeastern part of the British colonies in North America nearly a decade prior to the War of Independence (1992). The author’s argument in writing “Indians, Settlers, & Slaves in a Frontier Exchange Economy: The Lower Mississippi Valley before 1763” intentionally provides an historical account of the French and Spanish ownership of the Louisiana ...

The Dag Hammarskjöld Foundation supports a “Development Dialogue” series in order to encourage and promote dialogue, communication and debate on subjects between North and South global divisions. In June 2012 the Foundation published a book edited by the Civil Society Reflection Group on Global Development Perspectives titled No Future without Justice. The civil society reflection group was established in the fall of 2010 and is comprised of members of a variety of civil society organizations (CSOs). At first the group came together informally in order to discuss the numerous global crises that are happening simultaneously. By November of 2010 the group ...

Geisst R. Charles’, Beggar Thy Neighbor: A history of Usury and Debt.

Part 2: Description of Expected Plans of Revisions and Expansions.

This paper primarily focuses on examining the three themes that dominated the era of usury and debt. The segregation of Protestants from the main denomination, that is, the Roman Catholic Church, the subsequent wars and Capitalism are some of the major things witnessed during that era. This paper will explore the major themes while having a look whether there exist any form of connection between them. From the Authors point of view, there is a connection between the three themes therefore he discussed them as a single ...

Book Review

Protestants refer to any of the varied denominations of Christianity that differed and subsequently separated from the Roman Catholic Church based. The separation was occasioned by theological or political differences during the Reformation. Reformation was the religious movement of the 16th century that began as an attempt to reform the Roman Catholic Church, and it collapsed to the creation of Protestant churches. Capitalism, on the other hand, refers to the economic system based on private ownership of capital. War refers to an active struggle between competitive entities. Therefore, this paper will focus on examining these three themes that dominated ...

What is the civilizational cycle?

Currently the history of Western civilization is coming through its worst times. It fades gradually for the last hundred years. There is a complete stagnation in the economy and culture. Faith in its future falls, idea of democracy no longer seems so attractive. Science has put forward its response on the matter - a new direction in science has established, which explains the process of cyclical development of civilizations. This science is called biohistory.
Each civilization passes a certain stages or lets call them cycles of development: generation, development, flourishing and fading. From the point of view of biohistory, civilizations tend ...

In the book, Urban Sprawl, Global warming, and the Empire of Capital, Gonzalez places all the faults on the Government and American business leaders. He says that they are responsible for the global climate change. He opposed all the efforts used in the account of global warming problem. The definition and explanation were based on transnational factors such as the greenhouse effect. The core researchers expounded and affirmed that global climatic change was due to economic transition and development. They also argued that it was due to enter border development of goods and services. Others argued the global climatic ...

Elizabeth Clerk-Lewis in her book narrates the experiences and lives of African American in Washington and how women worked for wealthy white families. This writer has given detailed and reliable information regarding the African American racism, since a grandmother was part of the great migration of the African American, and she could give an oral history regarding the migration. This has enabled her to publish a book with first-hand information that is not biased. Over the last few decades, the essential meaning of gender and sex had been transformed to mean something different apart from its actual meaning. Racial discrimination was ...

Overview of the book

Yunus, Muhammad, and Karl Weber. Building Social Business: The New Kind of Capitalism That Serves Humanity's Most Pressing Needs. New York: Public Affairs, 2010. Print.
The book was authored by Muhammad Yunus. Yunus is the founder of the Grameen Bank, which is a microcredit institution. Through his economic policies, Yunus made an immense contribution to the fight against poverty and through his economic paradigm; he manages to espouse an economic model that places humanity at the heart of polling resource together for positive potential. His efforts in the promotion of social business enabled him to win the 2006 Nobel ...

Executive Summary

Pettis observes the trade imbalance in the countries' balance of payments. Some developed countries have a large amount of debt because they import much more than they export while some other developed countries have large surpluses in their balance of payments. This trade imbalance in the balance of payments is not sustainable according to him. While China continues to make massive investments by using the advantage of cheap labor in the country and Japan continues fighting against stagnation, U.S. and Europe has important problems of producing and growing. In a world like that all the countries are facing structural problems and ...

Introduction:

Politics and leadership have always been important parts of the world’s historical makeup and these will definitely never go away. Obviously one has to keep in mind that times change and the sort of leadership that was right and correct for the 19th century is probably anathema today. In his seminal book, Carnes Lord attempts to examine various world leaders who have made a name for themselves, be it as autocrats, as visionaries or as plain and simple democratic leaders. He also inserts an interesting but heavy dose on the politics of the renowned Florentine, Machiavelli whose ‘The Prince’ ...

Sweetness and Power: The Place of Sugar in Modern History

“We are what we eat; in the modern, western world, we are made more and, more into what we eat, whenever forces we have no control over persuade us that our consumption and our identity are linked ( Mintz, 1985, 211).”
In his book, Sweetness and Power: The Place of Sugar in Modern History, Sidney. W. Mintz takes a historical and anthropological approach to the production and consumption of sugar and in the process explains the place of sugar in the human food chain and how capitalism and market forces changed the status of sugar from a luxury item into ...

Time and again, the history of consumer debt in the United States has been given the time and attention of many researchers although not too many have looked into the state of personal debts in the country and its evolution. In his book, Louis Hyman attempts to resolve this case, looking back into the personal credit of the Americans for the past 200 years. Hyman checks the four connecting themes: the many that consumers make their purchases, the institutions that grant personal loans, the government’s role in personal financing, and the development of technology that has paved the ...

Analysis of a Panic of 1907

The world has a witnessed some global financial crisis. The most notable one is the great depression that had severe impacts on the economy of the world. Developing nations were adversely affected by the crisis that hit many free markets. Nevertheless, the 20th century was marked by a panic, which ensued on the Wall Street. The aftermath is that American economy and Europe was not spared either as well as the rest of the world. The main aim of this exposition is to analyze the book The Panic of 1907; lessons learned from the Market’s Perfect Storm by ...

Introduction

Dambisa Moyo is a Zambian innate with a Doctorate from Oxford University as well as a degree from the Harvard University. Moyo Dambisa has demonstrated her diligence working at the Goldman Sachs and the World Bank. Dambisa Moyo wrote her first book, the Dead Aid which is a controversial exploration of aid projects in the African Continent. The book by Moyo has received lots of praises from Kofi Annan. Kofi Quotes that the book is the best description of a fascinating case for a new strategy in Africa. She emphasizes that the time for Africa is here. Moyo further ...

35 Dumb Things Well-intended People Say: Surprising Things We Say that Widen the Diversity Gap by Maura Cullen (2008) provides valuable insight on the choice of words in communicating with people during the course of our daily life. Words have different meanings in different contexts and cultures. So we should know which words are acceptable and which words are offensive, and also the contexts and cultures where they are applicable. Those who want to maintain good personal relationships with people in their social and business circles should take special ...

Abstract

The following paper is a summary of the book “Globalization and its Discontents” by the Noble Laureate Joseph E. Stiglitz. This book talks about how globalization has failed to achieve the economic equality it was meant to produce, enumerating the faults in the working of the International Monetary Fund, the World Bank and the World Trade Organization and what steps they must take to put reformed policies in place such that both developing and developed nations can benefit from their respective economies and free markets
Keywords: International Monetary Fund, finance, economy, free markets, World Bank

Introduction

The world is ...

‘Giacomo Luciani’gives an insight into the Middle east countries through his Research paper which was published in 2004,‘Oil and Political economy in the international relations of the Middle East’. The author has used triangulation strategy to frame the effective treatment in order to gather desired data for qualitative interpretation and analysis.
Oil which is considered ‘black gold’ has influenced the relations of Gulf countries within and outside the region. It not only fosters the political economy of Middle East but also become the bone of contention internationally. The author has given well documented account of Oil ...

In the 19th century, the Ottoman Empire, the Ottoman Egypt and Qajar Persia embarked on ambitious project to reform their countries. The empires wanted to develop form the Stone Age to the modern ages. This saw the improvement of their arm including their arsenals, the banking systems, decriminalization of homosexuality and the introduction of secular laws. There were major projects introduced all-round the empires including development of infrastructure and the economy in general.
They sought the help of the Europeans as they needed funds to finance their projects. This led the empires to sign treaties and agreements that ...

Business Culture Inside and Out

Book Review: Reflective Reaction on the Compare and Contrast of Readings
Introduction
Business is business, the new world tends to define business as something that is rather considered more as an institution that tends to bring better culture and better opportunities to members of the society. However, when it comes to the actual value of business, the industry of commerce defines business as a machine that brings in the different resources altogether to create a system that tends to manipulate operations for the sake of earning more money and gaining more profit from whatever could be gained from what ...

PART 1

Group work on corn
Genetically modified plants are plants created through genetic engineering techniques (biotechnology). The genetic engineering experiments involve the DNA merging from different species thus creating an unstable plant combination. The result is termed to risky for human consumption because they may be vulnerable to viral developments. In relation to the genetically engineered corn, the food might be poisonous depending on stability against diseases. In addition, genetically modified corn is ranked as one of the highly risky biotechnology foods in America.
Genetically modified corn that is not yet approved by the Food and Drug Administration ...

Book Review of “Is China Buying the World”

As China grows to become the world’s largest economy, catching up with even the United States in the coming decade, it is important to understand the strategic growth objectives of the Chinese economy. Several authors have written books and research papers on the Asian Tiger, and the country is setting the pace of its economic growth. From becoming the manufacturing hub of the world at the end of the last millennium, China is now looking to expand its presence beyond its shores (Mitter, 2008). In the last decade, Chinese companies have begun acquiring companies and assets such as ...

Introduction

The economic environment of the United States of America lies with the civilization that swept the country in the past years. There are many revolutions that are seen in the world. This book review will summarize/review the book by Sachs Jeffrey (Sachs, 2012). The book is divided into two parts.

Part 1

Chapter 1
In this chapter, the author talks about the cause of the problems that face America today. There is a narrative about the cause of the problems that have been caused over time in America. The author tries to link the problems to the different regimes. The author ...

Introduction

The book explores the chronical destitute and unequality within the American population. Seth Rockman is a revolutionary and Early U.S history specialist focusing on capitalism and slavery in America’s social and economic development. He has researched on histories of labor, race and social welfare. Particularly, he has focused on aspects that have been vital making America the wealthiest, egalitarian and free society in the western world. The scenario revolves around a fast developing and scrappy border of Baltimore city to 1840s. The book focuses on people who labored during early capitalist revolution and negligence in economic and industrial expansion success. ...

The future of the economy can only be created, astonished, terrified, shocked, confounded, and stunned but nobody can predict what it holds at stake. For instance, taking a reflection of the past economic events of an individual clearly justifies the argument that it cannot be defined nor can it be predicted, because he or she has encounter losses rather than profits as expected “life is uncertain, and the future is unknown.” It thus calls for a person to be conversant and to master his or her own fate.
There are many and diverse negative influences and challenges that befalls American ...

David Landes book, The Wealth And Poverty Of Nations: why some are so rich and some so poor is arguably the most hotly debated economic book of our time, which seeks to explain the rise of Europe and why some nations easily achieved immense economic success while others continued being mired in poverty. Landes comes out as a witty author who is rich in anecdotal evidence, an astonishing range of intellectual information and a piercing analysis in regard as to why some countries command a substantially amount of wealth and economic supremacy while others have been entangled lives of poverty for centuries. ...

What does the author mean by India’s strange rise?

India’s ‘strange rise’ is a phrase which is the reader encounter on the title of the book, In Spite Of the Gods: the Rise of Modern India. It is hard to explain what the author meant by the phrase without looking into the detailed meaning of the whole title. It is also proper in the outset that the author wrote the book while living in India where he worked for the financial times in the period 2001 to 2006 in New Delhi. The contents of the book, In Spite Of the Gods: the Rise of Modern India, are therefore a ...

Joseph Smith’s religious vision has lead to the development of a uniquely American region. Smith was the founder of the latter day saints church (LDS) which holds 14.4 million members worldwide. In the United States, the church is rated as the 4th largest Christian denomination by the American council of churches. The church has led to the development of both the American religion and the economy because of its highest population in the United States. It is one of the most widespread churches in America and the wealthiest compared to other denominations. Through its expansion in the United States, ...

Affiliate institution

Climate change comprises the interaction of environmental, climatic, technological, political, social, institutional and economic processes. Climate change involves the stabilization of green houses gases. It is inevitable and cannot be dealt with in isolation of societal goals such as equity and sustainable development. Technology and policy instruments should be integrated into equity and sustainable development so as to eliminate climate change. Climate change should be carried out in such a way that food production and economic development are not compromised. It should also allow the ecosystem to adapt naturally. Sustainable development is the capacity of existing generations to fulfill ...

Nature of Development in China

The mysterious growth of the Chinese economy today have had diverse effects on the social well-being of the country. The economic growth in the country failed to portray equal social development among the citizens. This fantastic but colossal growth of the economy have hence impacted negatively on the social lives of the people in the country. Through globalization, today, cultural crashes and the need to embrace the changes continuously affect the national development in a country (Williams, 2008). In the case of China, a communist country is trying to adapt to the capitalist world to sustain its development. With ...

The idea of having a collective government in place has curtailed a number of freedoms that people should have. The enactment of laws, the cropping up of government agencies and the proponents of regulation have brought about limitation to what individuals and bright minds can deliver to the world. Prosperity in the world is limited by the presence of governments that tend to stand in the way of innovation and the freedom to conquer more ground in science, the economy, socialism and even education. The presence of the government system has therefore hindered the prosperity of ideas, concepts and ...