Gross Domestic Product or GDP is an intricate calculation of many figures. GDP is mostly used to understand a country's economic power and development, but also to compare nations.
There are many who believe that the U.S economy may be losing its edge over foreign economies because of regulations like Sarbanes-Oxley and Dodd–Frank Wall Street Reformed Consumer Protection Act.
Youths are the backbone of every society. Any country that wants to succeed in all ramifications must make sure that attentions are paid on them. Youths face unemployment and there are solutions.
A summary of the next Industrial Revolution - Industry 4.0 - and the expected social and economic changes this will undoubtedly lead to. We are currently near the end of the 3rd revolution and I think we will be moving almost immediately into the 4th Industrial Revolution.
Conservatives base their whole economic philosophy, & therefore policy, on false assumptions about how taxes impact the economy & human behavior. It isn't an academic concern & it impacts our lives.
Pennies are relics of an age when American coins were worth more. Now they are just bothersome novelties that have no real use and no longer should be made. Learn why in this article.
Acknowledging the time value of money empowers people to make better financial decisions and become better savers and investors.
Stagnant wages, high and rising cost of living, and a culture that encourages spending as a way of driving the economy.
The growing decline of the job market in West Virginia. Poverty is on the rise with many at a loss for what the future holds.
This will be a review of China's meteoric economic rise, and how it came at the expense of America. China has not only surpassed America, but it has perhaps crippled America's ability to recover.
Protectionism is the practice of limiting outside competition through applying tariffs, quotas, and subsidies. It is normally done to guard domestic industries and jobs. Here are the pros and cons.
When China joined the world trade organization in 2001, it led to the beginning of true globalization. This opened up the world as a market for Chinese goods. Since then, China’s export volume has been increasing.
This article will attempt to explain the general workings of America's fiat economy, concentrating on the monetary accounting. These explanations follow the principles of Modern Monetary Theory.
International trade is a complicated but important aspect of any country's economic policy. It is also one of the topics that cause great arguments among many economists and politicians. This article takes a look at this topic and offers some suggestions.
Raising the minimum wage to $15 isn't the solution for low-income workers since they’ll need to generate more than $15 to stay employed. Read why.
This article uses the principles of Modern Monetary Theory to explain the fate of dollars when the federal budget is in surplus. I touch upon economic contraction, removal of dollars from the economy, what would happen if America tried to pay down the national debt by buying back bonds, and what would happen if America tried to pay down the national debt by running persistent surpluses.
The cornerstone of our monetary is based on fractional banking. This, along with the Federal Reserve (I will discuss the Federal Reserve in another article) play an important role in the value of our money, the dollar. It also has a significant...
This Hub is a different and detailed look at at several reasons why the US Economy is still bad even in 2016. The mainstream media is lying to us about the real extent of the situation.
In America, it is often argued that our jobs are being taken by immigrants and other countries. The fact is, this is not true. How can jobs be taken when we are willingly handing them over?
The United States Federal governement loves to spend money resulting in a large debt. Is this large national debt significant or should we worry?
NAFTA has had a controversial impact on the countries involved. This article explores the effects of the agreement on the United States, Mexico and Canada.
The rich should pay more in taxes than the middle class or poor. A moral argument for why tax rates should increase as income increases.
Just the term "balanced budget" makes me yawn. But this is so very important for the health of our economy that I felt compelled to explain why a balanced budget is so crucial.
The theories of free trade and fair trade are very complex. It is essential to begin at the basics in order to comprehend these economic foundations. Investorwords.com states that free trade is “international business not restrained by...
China’s spectacular economic growth created a get-rich-quick mentality that has been easily exploited con artists.
Rapidly developing artificial intelligence and robotic technologies have started to impact human jobs, a trend that will accelerate as these technologies become more sophisticated and refined. We face a future with massive unemployment due to artificial intelligence and robots taking over jobs.
Many of the tribulations in this world can be traced back to the basic problem of scarcity. In economics, scarcity is a fundamental problem that controls market conditions. Scarcity is also a key driver of technological advancement, specialization, and wars over resources.
Paul Mason, C4 news anchor has written a new book on the future economic organization of our society. He argues we are reaching 'Post-Capitalism'. But is he right? I'll weigh up both sides to see.
This list of the pros and cons of globalization attempts to give a summary of the essential for and against arguments employed by people when they debate the merits of globalization.
Presidential elections can bring big changes. But what effect, if any, does a presidential election have on the price of gold?
In 2008 and 2009, the Iceland economy suffered collapse brought on by a lapse in overseeing mortgages and failing banks. Icelandic banks offered CD rates to English customers that were very inviting.
This article illustrates the difference between the unemployment rate and the Labor Force Participation Rate (LFPR) and why LFPR gives a more realistic view of our job market than the unemployment rate.
China's economic relationship with Africa is coming under increased scrutiny, as some now view it as predatory in nature, rather than working to boost economic growth in the region. This article looks at both sides of the issue.
Economic growth, a very boring economic term, is actually very important to our future as a nation. Aside from the current world recession, other countries are far surpassing the United States’ economic...
West African fisheries face grave challenges. This paper proposes how to resolve them or at least mitigate their difficulties.
Capitalism and socialism. These two systems are two very different ways for society to go into the future, and both have strong supporters and opponents. I'm solidly a capitalist, and in this hub I will explain to the best of my ability why. Why is capitalism good? Why doesn't socialism work? Comments are welcomed.
Economic Growth, meaning GDP growth, is dependent on only two factors over the long-term: Population Growth and Productivity Growth. Both were low during the last ten years and so was GDP.
Economist Arthur Laffer is famous for his Laffer Curve which illustrates the fact that at a certain point increases in taxes result in a decrease in tax revenue. While considered a radical new theory by many, this theory was first advanced 600 years ago by the Arab scholar Ibn Khaldun.
Has Cuban socialism benefited its people? This summarizes the pros and cons of socialism in Cuba and asks what the Cuban revolution has achieved.
A description of left-skewed and right-skewed economies as well as an argument for the values of a free market society.
The Democrats regained power in the House of Representatives and many state legislatures in 2016. Their resurgence has created a schism between the new Social Democrats and moderates. This relationship and how it reflects on the nation at large is key to the party's future and that of the U.S.
The evidence of this study suggests that financial crisis was not avoidable. However, some issues must be taken into account depending on firms or banks that they choose in order to avoid a financial crisis.
Capitalism's excesses are becoming too much for the world to bear. Three seminal events in the last eight years have highlighted this fact. The 2008 crash, Occupy in 2012 and Bernie Sanders' rise. Those are not three separate events, but a cascading evolution to something new, more sustainable.
America needs employment. We need employment in order to pay taxes. The American automobile industry is in disarray but how can we the consumer help if we drive a foreign car? Must we buy an American car or can we make an impact by changing our gasoline station? Who is American? Who is paying American taxes? What you need to know may provide a job for your family members, your neighbors or even yourself. Read on - what you must know...
We all know what European leaders have told us in the news, but what is the truth behind this disappearance?
There are many problems with globalization that need to be addressed including, exploitation, loss of domestic jobs, and the deterioration of ancient cultures. There are ways countries can live with
Governments are tired of America's world trade domination and its eagerness to strangle other economies with sanctions. China and Russia are planning a new system to replace the Swift system. I believe that will be a gold-backed cryptocurrency.
This article uses Nike as a case study of globalisation and looks at the social and economic impacts of industrial development by TNCs.
I think changes need to be made to the CEO compensation schemes in America. After reading about how tens of millions of Americans are earning less than $10.10 an hour while CEO’s are having
A thoughtful exploration of the difference between ancient Egypt's paradigm of cyclic stability and our current paradigm of continuous growth. How can we learn from Egypt's example while avoiding stagnation?
This article deals with quantitative restrictions and measures equivalent to quantitative restrictions (MEQR) in the European Union's concept of Free Movement of Goods.
This essay deals with the impact of the current funding legislation in the democracy of South Africa.
Today is vastly impacted by all the yesterdays. European imperialism shaped Africa to what it is today socially, politically, economically, and even geographically.
For millennia, governments have controlled society through the supply of money. Until now, people have never had another option. Now we have Bitcoin.
Gain insight into the efficacy of post-communist economic and political reforms and better understand Vladimir Putin's hold on power.
Neo-liberalism was the brainchild of Milton Friedman and Ludwig von Mises. They convinced Thatcher and Reagan that a free market without regulation and low taxes would result in wealth for all.
OLA cabs was born in India in 2010, Uber was incubated in the US in 2009 but made its Indian entry in 2013, and the rest is a cab-aggregating history.
I wrote this originally as a class paper in early 2008 to explore whether or not and how much globalization has affected the unions and whether or not this has had an impact upon our standard of living. I let the paper stand on it's own merits...
Governments and Banks have been printing so much money into existence, it has completely devalued our currencies. Fractional Reserve Lending is completely spiralling our debt out of control and it's time everybody understood the scam.
With the politicization of absolutely everything in life, we have forgotten that civil discourse and ethics of leadership really do set the tone for all of society.