Cronyism: History, Costs, Case Studies and SolutionsAdam Thierer
In this presentation, I offer a definition of cronyism, explain its origins, discuss how various academics have traditionally thought about it, outline a variety of case studies, and then propose a range of solutions.
Cronyism: History, Costs, Case Studies and SolutionsAdam Thierer
In this presentation, I offer a definition of cronyism, explain its origins, discuss how various academics have traditionally thought about it, outline a variety of case studies, and then propose a range of solutions.
Global Political Economy: How The World Works?Jeffrey Harrod
These are the slides which are displayed by the lecturer Jeffrey Harrod in the on-line Lecture Course "Global Political Economy: How the World Works" which is available free on his website http://www.jeffreyharrod.eu/avcourse.html.
The purpose it to make the slides available to download which at the moment cannot be done from the on-line lecture. Many of the slides provide data which may be useful in presentations and research papers. Other slides are the points addressed in the lecture.
The course covers all the material conventionally found in courses on international political economy. The approach is critical and realist and seeks to understand or explain
power rather than functions which surround the world economy.
The lectures and slides cover investment, trade, finance , migration and labour paying special attention to the multinational corporation and the agencies of states as the central power players in the global economy.
What is Political Economy?
Different types of Economic Systems and its influence on planning process
Capitalism and Capitalist Planning Model
Communism and Communist Planning Model
Socialism and Socialist Planning Model
Global Political Economy: How The World Works?Jeffrey Harrod
These are the slides which are displayed by the lecturer Jeffrey Harrod in the on-line Lecture Course "Global Political Economy: How the World Works" which is available free on his website http://www.jeffreyharrod.eu/avcourse.html.
The purpose it to make the slides available to download which at the moment cannot be done from the on-line lecture. Many of the slides provide data which may be useful in presentations and research papers. Other slides are the points addressed in the lecture.
The course covers all the material conventionally found in courses on international political economy. The approach is critical and realist and seeks to understand or explain
power rather than functions which surround the world economy.
The lectures and slides cover investment, trade, finance , migration and labour paying special attention to the multinational corporation and the agencies of states as the central power players in the global economy.
What is Political Economy?
Different types of Economic Systems and its influence on planning process
Capitalism and Capitalist Planning Model
Communism and Communist Planning Model
Socialism and Socialist Planning Model
Lecture given on September 20, 2010 in Bratislava within Conservative Economic Quarterly Lecture Series /CEQLS/ by
Tim Evans, Chief Executive of the Cobden Centre,
Chairman of the Economic Policy Centre,
a Consultant Director with the Adam Smith Institute and
President of the Libertarian Alliance
Document #1 History of the Economic Systems and TheoriesCDustiBuckner14
Document #1: History of the Economic Systems and Theories
Capitalism
Capitalism is an economic system that emphasizes private ownership of the factors of
production, freedom of choice, and individual incentives. These freedoms and
incentives apply to workers, investors, consumers, and business owners. In pure
capitalism, the government does not interfere with the economy—the wages of workers,
the prices of goods, what producers can make, the ways that businesses make or sell
their goods and services, or any other regulations. Capitalism assumes that the best
way to serve society is to let people produce, sell, and buy as they wish.
The goal of capitalism is to create what is called a free market. In economic terms, a
market is not literally just a market like a grocery store. A market or marketplace is
wherever all sorts of goods and services can be sold and bought. In a free market or
free enterprise economy like that under capitalism, the government places no limits on
the freedom of buyers and sellers to make their economic decisions.
Origins of Capitalism
The basic theories about capitalism and free trade come from Adam Smith. Smith was a
Scottish philosopher and economist who lived in the 1700s. In his famous book The
Wealth of Nations, Smith suggested the government take a laissez-faire approach to the
economy. Laissez-faire is a French term meaning “to let alone.” Smith thought the
forces of the marketplace would act as an “invisible hand” guiding economic choices for
the best possible results.
Competition plays a key role in a free-enterprise or free-market economy because
sellers compete for resources to produce goods and services at the most reasonable
price. If they are successful, they make more money. At the same time, consumers
compete over limited products to buy what they want and need. Finally, these same
consumers, now in their role as workers, compete to sell their skills and labor for the
best wages or salaries they can get.
Pure capitalism has five characteristics: private ownership and control of property and
economic resources, free enterprise, competition, freedom of choice, and the possibility
of profits.
Free Enterprise in the United States
A true and total capitalist system does not exist in reality. The United States, however, is
a leading example of a capitalist system in which the government plays a role. Our
society is deeply rooted in the value of individual initiative—that each person knows
what is best for himself or herself. We also respect the rights of all persons to own
private property. Finally, our society recognizes individual freedom, including the
freedom to make economic choices. However, because the U.S. government also
regulates many aspects of the economy, it does not have a purely capitalistic economy.
Mixed Economies
Economists describe the economies in the United States and many other nations as
mixed economies. Mixed economies combine elements of capitalism and socialism.
Mexico is ano ...
Essay on Indigenous People
Creative Person
Human Personality Essay
Essay on We the People
Essay about Managing People
Essay on Profile of a Person
Essay on People Pleaser
Perception Essay
Essay on Identity
THE CREATION OF FIAT MONEY (created by debt out of thin air, without backing)Jesus Gonzalez Losada
The creation of fiat money (created by debt out of thin air, without backing) is an instrument of control that gradually generates a system of slavery.
this is due in 7 hours....... must have done in 7 hours.... must.docxkbrenda
this is due in 7 hours....... must have done in 7 hours....
must write at least 5 paragraphs
Essay Question:
How did the New Deal change the role of government in the economy and society of the United States? Why did the change come about? In your answer, make clear the major achievements and limitations of the New Deal and the political factors that led to its success. It will be helpful to use the concepts “social welfare state” and “laissez faire,” and to contrast the New Deal with earlier government policies.
Write an original essay of about five paragraphs that
makes use of the sources provided
to answer the prompt. Structure your answer with a clear thesis statement in the first sentence, and supporting examples and reasoning in subsequent paragraphs. Choose specific examples from the sources provided below (1-7). ONLY use the sources below. You can not use other sources
1. Franklin Roosevelt, "First Inaugural Address" (1933)
Our greatest primary task is to put people to work. This is no unsolvable problem if we face it wisely and courageously. It can be accomplished in part by direct recruiting by the Government itself, treating the task as we would treat the emergency of a war, but at the same time, through this employment, accomplishing greatly needed projects to stimulate and reorganize the use of our natural resources.
Hand in hand with this we must frankly recognize the overbalance of population in our industrial centers and, by engaging on a national scale in a redistribution, endeavor to provide a better use of the land for those best fitted for the land. The task can be helped by definite efforts to raise the values of agricultural products and with this the power to purchase the output of our cities. It can be helped by preventing realistically the tragedy of the growing loss through foreclosure of our small homes and our farms. It can be helped by insistence that the Federal, State, and local governments act forthwith on the demand that their cost be drastically reduced. It can be helped by the unifying of relief activities which today are often scattered, uneconomical, and unequal. It can be helped by national planning for and supervision of all forms of transportation and of communications and other utilities which have a definitely public character. There are many ways in which it can be helped, but it can never be helped merely by talking about it. We must act and act quickly.
Finally, in our progress toward a resumption of work we require two safeguards against a return of the evils of the old order: there must be a strict supervision of all banking and credits and investments, so that there will be an end to speculation with other people's money; and there must be provision for an adequate but sound currency.
Source: Franklin Roosevelt, "First Inaugural Address." March 4, 1933.
2. Franklin Roosevelt, "Statement on Signing the Social Security Act" (1935)
Today a hope of many years' standing is in large .
1. Unit Two Study Guide – Economy and Civics
What is a theocracy and what is a famous example of it?
Theocracy- a government structured around religion and the government is thought of as
an intermediate between God and the people
Explain the two different types of monarchies.
Constitutional Monarchy- a government in which the power of the king/ queen is limited
by law
Absolute Monarchy- a king/ queen rules and makes all decisions without anything or
anyone preventing them. Power is gained through inheritance and family
members
Explain the difference between representative and direct democracy.
Representative Democracy- a government that gives its people a say in what occurs. The
citizens elect representatives to represent them and to vote for them
Direct Democracy- all legal adult citizens take part in and have a say in the government,
majority rules
Explain what an oligarchy is.
Oligarchy- a small group of rulers lead by a particular political party. The group chooses
one person to represent them
Know what a dictatorship is and be able to list an example.
Dictatorship- one person seizes power and doesn’t pass on leadership, the citizens have
no say and one person rules everything. An example of a dictatorship is Germany
when Hitler was leader and Cuba
Describe and give one example for each of the following isms.
Communism- a nation where the government owns everything and controls the prices of
everything... The goal is to produce a classless society. Two examples of this are
China and Russia.
Fascism- where the government abuses their power, rule by fear, forbids openness and
opposition to the fascist movement. Fascism is a single party state and believe that
war and conflict make a country stronger.
Socialism- where all resources are owned by the state but all citizens have equal access to
the resources. There is also no private property.
Capitalism- where individuals own businesses and can control there own prices and other
aspects of their business, this is also referred to as a free market
Imperialism-
Expansionism-
2. Nationalism-
Totalitarianism- where the government has no limits on it’s power and what it can
do with that power.
Explain what it means to be a “single party state”
A single party state is when the government suppresses and forbids openness and
opposition to their rule/ movement.
Know what the role is of each of the following branches of the US government
Executive- carries out the everyday operations
Legislative- makes and approves new laws
Judicial- makes and enforces laws
Economy:
Explain the difference between command, market, and traditional economies
Command Economy- a system in which the basic economic questions are generally
answered by the government
Market Economy- a economic system that permits an open exchange of goods and
services between producers and consumers
Traditional Economy- a economic system based on the barter of goods and services
What are factors of production?
Factors of Production- natural resources, human resources, capital resources, and
entrepreneurship required to produce any food or service
What is human capital?
Human Capital- the knowledge, ideas, physical strength, experiences, and skills that
enable workers to be productive
Describe what the major problem with overproduction is…and what is a famous example of
overproduction?
List and describe three major causes of the Great Depression.
The major causes of the great depression were:
■ the stock market crashed
■ the banks failed
■ there was a large reduction of buying
■ there was a huge drought
3. ■ the Smoot-Hawly Tariff
■ overproduction
Be able to explain how America was delivered from the Great Depression.
FDR’s New Deal helped deliver America from the great depression.
What is the global pool of money?
All of the world’s savings... money of private businesses.
What are NINA loans and why do they seen as “bad”?
No Income, No Assets- NINA loans are loans that are given out without having to prove
you can actually pay it back. They are seen as “bad” because lenders are basically
giving out money without knowing if they will get it back.
What was “Leon the Lender’s” role in this whole subprime mortgage crisis?
He was the person that lower standards for getting loans and helped people get loans. He
was the middle man between the people wanting loans and the banks.
What role did “Mike the Broker” play in the crisis?
He bought as many mortgages as he possibly could from banks and then bundled those
together to form a CDO. He then sold those CDO’s on to investors in the Toxic
Pool of Money.
Be able to explain why banks were not worried that people were not able to pay back their loans.
The banks only owned the mortgages for about a month and then they sold them on to the
brokers on Wall St.
What is a CDO?
A CDO is a bundle of mortgages. These CDO’s eventually go on and are bought by
investors in the Toxic Pool of Money.
What was wrong with the data that the “really smart people” used?
The data they were using was old data and was not up to date. They also did not consider
that the standards for getting a loan was much much lower.
KNOW THE DIAGRAM ON THE BOARD….IT WILL BE ON THE TEST
Leon the Lender ------ Bank ------- Mike the Broker/ Wall St. ------- Global Pool of Money
