Essays on Economics

Singer’s article starts off with the question of whether or not a person feels obligated to save a child who they see drowning considering what they might be losing if they help. Different circumstances proved to be what made the outcome of their choices to…

The conclusion that Singer comes to is that we must give as much as we possibly can to help those in need. He explains that instead of buying ourselves new things or luxury items, we should be putting that extra money towards stopping famine and…

People over the years have been asking a truly eternal question: is happiness really about money? Professionals in different spheres of activities are trying to find the answer to this question to this very day. Experts in the economic sphere assure that the matter is…

America as we know today is a society that runs mostly on technology and machines. With the addition of these machines and technological advances, growing crops and accomplishing other actives takes no time. Imagine having to use candles for your home every day instead of…

You and your friends are playing the game of who can build the most houses in a set amount of time. The rules are simple: Everyone starts out with the same amount of given money. With that given money you can buy supplies to build…

It seems like everywhere around us, we are bombarded with things that lead us to believe that we need to consume. A newer version of the phone we do not need, a new pair of shoes to follow a fashion trend, a new car to…

 We are all in a boat, one sinking rapidly, one sinking slowly and one rising steadily. Robert Reich convincingly uses this metaphor to demonstrate the economic gap in “Why the Rich Are Getting Richer, and the Poor, Poorer”. He discusses this gap between the upper…

A Captain of Industry is a business leader whose means of amassing a personal fortune contributes positively to the country in some way. Whereas Robber Baron is a derogatory metaphor of social criticism originally applied to certain late-nineteenth-century American businessmen who used unscrupulous methods to…

Over several decades, the American dream has evolved and adapted drastically due to the harsh conditions and fake reality of everyday life. Our Founding Fathers established the concept that each person’s pursuit of happiness inspired their ambition to work towards their aspirations. With this in…

America’s Wealth Gap is bigger than ever before in history. Income inequality is a problem not foreign to the American people. The gap between the wealthy and the negative literally has irrefutably extended over the past five sorts of many years and continues to effectively…