Dorn article, Obama Minimum wage hike: A case of zombie economics, "A fundamental law of economics-Law of demand-states that when price of anything increase, the quantity demand will decrease in the case of labor, this means as the price of labor increase, the number of job will decrease" (Dorn). ... In addition to the negative impact of minimum wage, numerous empirical research such as The Empirical literature on the minimum wage by Russ Robert have documented other methods by which the escalation of minimum wage can harm business and markets alike. According to Russ Robert "T...

• Word Count: 558
• Approx Pages: 2
• Grade Level: Undergraduate

When reading the book International Relations Theory, the area that I took particular interest in was the excerpt by Robert Gilpin and his book War and Change in World Politics(Viotti and Koppi, pg145-153). ... When states develop the power to change the system according to their interests they will strive to do so- either by increasing economic efficiency and maximizing mutual gain, or by redistributing wealth and power in their own favor. ...

• Word Count: 322
• Approx Pages: 1
• Grade Level: Undergraduate

Rosecrance calls these new centers of power virtual states, because their wealth and influence depend on intangible flows of money and ideas. ... Quoting Robert Rowthorne and Ramana Ramaswamy, he says that in doing so, they only represent a growing worldwide trend " the natural consequence of the industrial dynamism in an already developed economy- (120) The relationship between Russia and Europe is complex. ... The decrease of the individual virtual states power is necessary in order to maintain world political stability. In Rosecrance view, all nations are evolving toward virtual states ...

• Word Count: 1468
• Approx Pages: 6
• Has Bibliography
• Grade Level: Undergraduate

While these losses, combined with admittedly high unemployment in the past few years, have contributed to seemingly dismal prospects for prosperity in the United States, I believe that the ideals and values of the American Dream are still very much alive. ... He has always enjoyed writing pieces related to his major, particularly on the topics of eco­nomic inequality and political structures in the United States. ... One economist, Robert Reich, even says that "As long as income and wealth keep concentrating at the top, and the great divide between America's have-mores and have-lesses c...

• Word Count: 1826
• Approx Pages: 7
• Grade Level: Undergraduate

Krugman states that if the Fed reduces bond purchases too soon, it could be extremely detrimental to the economy, but if this action were postponed and full employment were closer than had been anticipated, the reduction might cause only minor inflation. ... Of course, for the "stimulus-addicted junkies" on Wall Street, not tapering in September would only embolden them to believe that the next "hit" would come in October, and they would be right(Roberts). ...

• Word Count: 855
• Approx Pages: 3
• Has Bibliography
• Grade Level: Undergraduate

Exploring the Socioeconomic Impact of Marijuana Use Among College Age Adults: A Multiple Case Analysis Statement of the Problem Marijuana use among college age adults in the United States has a damning effect on the social and economic status of these individuals. ... Literature Review Robert Kaestner (1991) examined the effects of cocaine and marijuana use on the wages of young adults. ...

• Word Count: 1150
• Approx Pages: 5
• Has Bibliography
• Grade Level: Undergraduate

Globalization, State, Power and Sovereignty Globalization "Globalization is the panacea for all our ills, but only in favour of the developed countries of the north" -Robert Reich Before a person can answer the question posed by this essay, he or she must fully understand the concept of globalization. ... We exist in a world in which many states are dwarfed in economic terms by colossal global business corporations. ... The economic welfare of all states is vitally affected by what happens in the world beyond their confines. ... The f...

• Word Count: 2079
• Approx Pages: 8
• Grade Level: Undergraduate

Professor Robert Goodman, in his study entitled, "Legalize Gambling as a Strategy for Economic Development", describes the effects of gambling on local businesses. ... Professor Goodman further states, "that buildings surrounding casinos reduces property value due to the unhealthy environment that casino portrays for example, because of the growth of crime in these areas. ...

• Word Count: 1140
• Approx Pages: 5
• Has Bibliography
• Grade Level: Undergraduate

Thomas Robert Malthus was an economist who stated that population growth is an exponential progression where as growth in supply of food is arithmetical progression. ... The One Child Policy states that any married couple in china will only be allowed to have one child. ...

• Word Count: 946
• Approx Pages: 4
• Grade Level: Undergraduate

The Mainland is also a major investor in Hong Kong's economy; it is Hong Kong's third-largest source of direct foreign investment (Roberts et al, 1999). ... Particularly encouraging is that Hong Kong's total exports have recorded a notable growth of 8%, due to an increase in import demand in East Asia, sharp rebound in exports to the Mainland, strong and sustained import absorption in the United States as well as increased exports to the European Union. ...

• Word Count: 3624
• Approx Pages: 14
• Grade Level: Undergraduate