Essays on Political Economy

Karl Marx is a renowned German philosopher, sociologist, economist and political theorist. His ideas have a huge impact on modern day sociology, transformed the study of history and also have a profound effect on literature, arts, and philosophy. In 1848 he published the “Manifesto of…

Equality of opportunity is an idea that opposes caste systems and states that people should be able to compete with equal opportunity. However, this does not mean equality of outcome. The difference between equality of opportunity and equality of outcome is that having equal opportunity…

The unemployment rate shows how well or how poorly the economy is doing; a rising number of unemployed people show a weak economy and a decreasingly number of unemployed people show a much stronger economy. Unemployment can have many downfalls; it can mess up people…

Background Karl Heinrich Marx, born May 5, 1818, Trier, Rhine province, Prussia [Germany]—died March 14, 1883, London, England), revolutionary, sociologist, historian, and economist. Karl Marx, is without a doubt the most influential socialist thinker to emerge in the 19th century. Although he was largely ignored…

Sovereignty by definition is the ability to have authority of a state to govern itself or another state. This also includes no interference from any outside sources. This term is very important in world politics because it is exactly the goal of many states and…

Throughout history, especially after the Industrial Revolution and during the reign of capitalism, many inequalities have emerged. Both the works of Charlotte Gilman and Karl Marx explore the effects of capitalism and how it created numerous inequalities. This paper compares and contrasts the theories of…

A regression was run using GDP growth rate as a dependent variable and rate of unemployment as the independent variable, for both USA and Mexico. The analysis helps in determining the strength of the relationship between the dependent and independent variables. A time period ranging…

Federal minimum wage has been an arguable topic ever since it was implemented into the American society. Minimum wage is the lowest possible wage that employers may legally pay to employees. The first minimum wage law was enacted in 1894 in New Zealand. Many other…

Sweden’s political system is called Riksdag and is a parliamentary, representative democratic constitutional monarchy. The parliament consists of 1 chamber, 349 seats, approximately 8 parties. A party must have a total vote of 4% to be considered a part of Riksdag. The executive power is…

This essay discusses the large demographic of “Baby Boomers,” outlining their defining set of features and standards of behaviour. It will also assess the texting patterns of said baby boomers and how they interact with this technology. Next the essay will incorporate an example from…

He spent limit in developmental instructive period in youthfulness house, where he continually circumstance to his mom and father’s clashing advantages. He has acquired a momentary job educating at the University, Berlin and following that he wedded Marianne Schnitger, may wind up memoir and manager…

The Colombian tax framework establishes taxes at departmental and municipal range. It is however, highly volatile with inconsistent tax reform. Figure 3 shows the fluctuation of the corporate tax rate in Colombia in the past decade. All foreign non-resident entities are required to pay taxes…

There are a few powerhouses when looking at world economies China and the United States of America being just two of them. As most people know, the United States and China differ greatly. The two have seemingly different cultures and styles of government. On top…

First, the baby boomer generation is defined as the individuals born between 1946-1964. This group of people are knowingly ”separated” from the rest of the generations. (‘Baby Boomers: The Gloomiest Generation,’ 2019). This age of people are the ones being targeted by marketing companies because…

Max Weber was a German sociologist and political economist, who is regarded today as one of the ‘founding fathers’ of sociology, alongside Karl Marx and Emile Durkheim. He is one of the most significant theorists on the development of modern Western society (Caves, 2004). Weber…

Coronavirus pandemic is happening now. More than 3.5 million people are infected and more than 250 thousand people died (WHO, 2020). People need to work from home due to the lockdown restriction. Some employees are asked to take indefinite unpaid leave or even laid off…

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…

In recent years, a debate on whether or not America should keep the penny has arisen. Numerous Americans are in favor of keeping it due to sentimental value, while others say it is just too costly. There are multiple upsides as well as downsides to…

Michael Moore from the very beginning puts one problem above the rest – it’s a mortgage. It is in this area that the financial structure has created a gap, which in turn served as the beginning of global changes in the US economy. However, Moore…

The implementation of capitalism throughout history has created a heritage of greed among the financially elite, manifested a tradition of inequality among social classes, and caused financial instability among the middle class. Capitalism allows for the formation of monopolies and the exploitation of the middle…

I think we all have dealt with having to wait in line at a grocery store or at a coffee shop and having to just stand there while somebody counts out each and every cent. Not to mention the constant hassle these coins cause. They…

Communism or Marxism in another word is an ideology that has been in existence since the dawn of time, but the works of the German philosophers Karl Marx and Friedrich Engels are what made communism be referred to both of them in general and Carl…

A prosperous economy is solely reliant on the structure of a government’s economic system. Amongst the 195 countries worldwide, an astronomical amount of governance systems are available for use. Of these structures, many are implemented into our current model of the state. Some include the…

Have you ever been downtown and see someone sleeping on the street or begging for money? Well, these people are what make up a group we call the homeless. They are the unfortunate individuals who have lost everything, a bed, food, money, or shelter. It…

Capitalism is an economic system that came from Europe (Crossman, 2019). It is an economic system where private companies control the trade and industry, rather than the state (Crossman, 2019). The means of production are controlled by the people that hire workers (Crossman, 2019). In…

The new processes of steel refining and the inventions in the fields of communication and technology brought about a change in the business landscape in the 19th century. The exploitation of these technologies provided opportunities for tremendous growth. The business entrepreneurs, with their financial backing…

From 1875 to 1900 capitalists were praised by the richer class, being called “Captains of Industry,” but despised by the poorer class, being called “Robber Barons.” Capitalists post-civil war shaped a portion of our American industry that we know today. Throughout late 1800’s to early…

Big business, science, and technology help to promote industrial growth in many ways. First they all let industries increase their efficiency and production rate because on new inventions and advances in doing things. Some new inventions were the Spinning Jenny and Cotton Gin which both…

Imagine receiving a thousand dollars in your bank account every month, for the rest of your life, regardless of your status or income, no questions asked, no work or payback required. – Impractical you say? Andrew Yang, a 2020’s presidential candidate is running for president…

Belgium is a country in Western Europe which is a sovereign state. Belgium is bordered by the Netherlands, Germany, Luxembourg, France and the North Sea. It has a total area of 30,528 square kilometers (11,787 sq mi). The capital and largest city of Belgium is…

The national debt impacts every citizen in America and the idea of it is a huge elephant in the room for every politician and taxpayer. The national debt has just recently hit 23 trillion dollars and is increasing at every second of every day. With…

One highly debated piece of work in philosophy is Stephen Yablo’s “A thing and its Matter.” In this work, Yablo gives his stance on object pluralism and uses a penny as his example. The penny used in his work is a rare penny that is…

To begin with, the historical precedents of the United States and other countries have shown that the retirement of the penny production is monetarily appropriate and can produce positive results. Many industrialized countries including France, the Netherlands, Spain, United Kingdom, Australia, and New Zealand previously…

Have you ever thought about turning your life around in one day? I’m pretty sure that everyone is getting those kinds of thoughts. There is always something we are not happy about and we always dreaming about being someone else or living someone else’s life….

Often some of us happen to say that we are becoming more and more capitalist due to the burgeoning industry while the number of poor are increasing. While the economists are best suited to respond, we should also know what it means. It becomes easier…

Capitalism and Socialism are two very different economic systems that have been around for hundreds of years. Each system is unique in their own way and each offer advantages and disadvantages. Capitalism is an economic system that involves the use of privatized companies with little…

Change is on on-going one, at the expense of Planet Earth and its inhabitants, who are destined to suffer the consequences of Climate Change. Naomi Klein wrote a very interesting article called “Capitalism vs the Climate” on 9 November 2011, whereby she quoted Chris Horner,…

The 20th century marks one of the most dynamic times in recorded history. Plagued by two world wars, economic depressions, countless conflicts, and the ushering in of a nuclear age, by the turn of the century the world proved a completely different place in every…

Capitalism or Communism, which side you are on? It is either black or white, you cannot choose both nor you can be in the middle. Pick your side. Well, I will try to help you with your answer. An answer to such question will require…

Karl Marx (1818– 1883) is best unbelievable not as a mastermind but rather as a progressive, whose works influenced the motivation of the various socialist routines inside the 20th century. It’s laborious to consider numerous who have had the most amount impact inside the making…

One of the most important factors that is a driver for financial growth in any economy is the accessibility of credit since it can be used to allocate resources into profitable areas that will in turn lead to growth in production as well as work….

Introduction The forty eight countries of Sub-Sahara Africa spend approximately $13.5billion (Adam, 2004) every year repaying debts to enrich foreign creditors for past loans of questionable legitimacy. These debt repayments divert money directly from basic human needs such as healthcare, education, and fundamentally undermine African…

The Jungle, written by Upton Sinclair, displays to every reader the lurid reality of the meat packing industry in the twentieth century and investigates America’s capitalist system. In order to do so, accordingly, Sinclair researched and wrote about the meat packing plants’ in Chicago for…

We actually living in a world where two ideology are dominant. Capitalism is an economic system portrayed by private responsibility for merchandise, and the dispersion of products that are resolved basically by rivalry in a free market. Socialism is an arrangement of society or gathering…

Capitalism and socialism are the two most important systems that along modern history have had an effect on the social structures, economic methods and political position of many nations. Through period of the 18th 19th centuries that two systems of political economy occurred as the…

The penny should be abolished, and no longer be accepted as currency, because it costs more to produce the penny than what it is actually worth, and its value is too low. The value of the penny is too small to be useful. When people…

According to an old superstition, it’s good luck to find a penny on the sidewalk. But whether or not you believe picking up that penny will bring you luck, one thing it definitely won’t bring you is wealth. Pennies are worth so little now that…

Across the globe, even in this great era of modern development and equality, there are still millions who live in impoverish conditions, and despite their hard labour they are still unable to earn enough income to support themselves and their families. These terrible living conditions…

Universal basic income is generally recognised to be one of the most progressive policies that a government could implement. However, there continues to be several questions whose answers are not widely known which impede the way for similar policies to move forward. This presentation will…

Compensation Plan The establishment of a compensation plan requires credible attention in both management and leadership capabilities. The advocacy is based on the nature of the requirements that are needed to ensure a perfect response to the professional values of a target employee. In essence,…

Introduction This paper expounds the concept of Policy and Compensation in the general sense while in the latter part of the paper, it would apply to the context of the labor law in the United Arab Emirates (UAE). Policy on Compensation aims to provide equity…

Introduction Compensation is a major motivating factor in any organization as it directly affects the morale of the employee. As a result, it enables them to work more diligently. In any organizations, the employees are considered among the essential assets, and as such, it is…

Introduction In North America, there has always been a dispute about the compensations of CEO’s. Some people state that the compensation is reasonable while others think it is unreasonable. I will be supporting the statement which says, “Compensation plans for private sector CEO’s in North…

Company: Trade Union – Retail Employment After deep and complex analyses on our results, I realized that we need to adopt news strategy do achieve the company goals in order to maximize results. The reasons for our existence as a trade union consists to protect…

Introduction This chapter covers background information of the study, the statement of the problem,the general and specific objecjives of the study, research hypothesis, significance of the study and scope of the study. A countrys currency plays a crucial role in its economic growth Problem Statement:…

Introduction Southwest Airlines experienced what is defined as a crisis a few years ago when flight 1380 had engine trouble mid flight which resulted in engine failure. This then ultimately lead to the death of a passenger. Taking into account Southwest’s reputation, along with crisis…

The Idea of Profession The word related position or the succession of word related encounters that a man increases over his life time can be named as vocation (Dessler, 2009), (Adamson, Doherty, and Viney, 1998). A few creators characterized profession as a ceaseless development among…

What Professional Guides Do? Profession guiding is continuous eye to eye connection performed by people who have particular preparing in the field to help individuals in acquiring an unmistakable comprehension of themselves (e.g., interests, aptitudes, values, identity characteristics) and to get a similarly clear image…

It is basically a new and regularly used technique to conduct a job interview. The employers of the companies use it to consider new candidates for their company. They check their behavior and success rate for their organization. Weakness of Behavioral Interviewing The freshest pattern…

Unsuccesssful Search So you have just lost your job, or maybe you have been out of work for some time. Now you’re wondering where to turn next. You start your job search on your own; you turn to the internet, newspapers, or other job boards….

Researching Researching the company to which you’ve applied is one of the strongest advantages going into an interview, and it is definitely noticed by the interviewer. In fact, employers expect candidates to be aware of the company’s markets, strategic executions, current challenges, and current interests…

Historical Background of the Institution The Jacaranda workshop that began in 1982 was initially started as a project by the Rotary Club Nairobi. What the workshop does is that it offers employment as well as the possibility for mentally handicapped people to work on further…

A standout amongst the most vital choices in an expert profession is choosing an occupation. At first, there is regularly an astonishing exhibit of conceivable outcomes, yet they are disseminated all through the world or nation, and each appears to offer an alternate arrangement of…

According to Pesola (2013) there has been concern among exchange rates general increase in price levels and interest rates in both progressed and emerging nations. This is comprehensible, given the imperative role these factors play in determining developments in the nominal and actual sides of…

Universal Basic Income or UBI has been widely discussed throughout the world. Many are questioning whether UBI can be implemented in their own country as it might be able to solve automation in the future and alleviate poverty. However, not all country can implement this…

The goal of this paper is to establish the importance of Human Resource transformation and how it is evolving into much more than just assisting personnel. Traditional roles and responsibilities are vastly changing in the Human Resource departments to accommodate the ever so changed work…

In Omar Akkad’s American War, he depicts a dystopian America undergoing a second Civil War due to a domestic discrepancy over use of fossil fuels. The North was against the usage of crude oil, but the South was adamant in holding onto their old ways….

Talking about the technological revolution in nowadays, induce us to ask ourselves some basic questions about the future of employment and the work market environment in the coming decades, like: Will computers ever be smarter than humans? Will robots drive everything? Will humanity eventually become…

In Fulcher’s book, he talked about three different systems of managed capitalism within Sweden, United States, and Japan. Capitalism was developed in many different societies, which also means it took different institutional forms. In the 1980s, neo-liberal model of capitalism became dominant across different societies,…

According to Chandra, the gaps in gender wages result in income inequality. The income inequality among minority groups in America causes a decrease in asset ownership (Kochhar and Fry). Besides, the wage gaps result in more significant gaps in the participation of men and women…

The tax should not be legitimized for many reasons. It is illegitimate especially when it is aimed at achieving socially desirable wealth distribution. One of the famous opponents of redistributive tax is Nozick who developed liberty concept about wealth redistribution (OOI 188). He argued that…

After the end of the Great Recession, wealth inequality widened significantly along racial as well as ethnic lines. The recession came from housing and financial markets crisis in different parts of the world. According to Kochhar and Fry, the amount of wealth held by the…

The leader of the government and entitled as the highest political position of a country is what we known as president. In the Philippines we currently have a total of 15 presidents directly elected by the people throughout the history. The first President of the…

Getting a job is not a simple matter today. There are over 6 million people unemployed in the United States. I can relate to this because I have got rejected from multiple jobs. I remember going in got my job interview at the mall being…

Indonesian Financial Industry and Business Dynamics Indonesia is a young G20 country that obtained its independence from the Netherlands in 1945. Geographically composed mostly by coastal lowlands and mountains, Indonesia has the largest Muslim-majority nation in the world (Central Intelligence Agency 2017) and these characteristics…

A multidisciplinary emphasizes as the primary unit of social analysis also refers to the interregional and transnational division of labor. Also divides world into core countries, semi- periphery countries and periphery countries, core countries focuses on higher skill, capital- intensive product and the rest of…

I’d like to recall again how the financial crisis started. The financial crisis that has been inflicting in several markets in the U. S. and across the world since 2007 had its origins in an asset that networked with new kinds of financial innovations that…

Reflective Commentary The purpose of this assignment is to analyse possible challenges which the graduate labour market of Singapore is experiencing. This research will be based on reliable sources of statistics and academic literatures to provide an in-depth study of the employability of fresh graduates….

Employability refers to the attributes of a graduate and individual’s perception of his or her chance of obtaining a new, equal, and maintained higher employment. It is having the capability to gain initial employment and new employment required. The employability of young graduates has become…

Herbert Marcuse, a renowned German-American philosopher, sociologist and political theorist, had produced a multitude of essays and theses that reflect on his perception of the world he’s experienced. Marcuse was an avid supporter of the left in politics and he often criticised capitalism in his…