New Classical Macroeconomics

About New Classical Macroeconomics The new classical macroeconomics school of thought was based on the neoclassical background. This school of thought which originated in the 1970s was formulated by key economists such as by Robert Lucas, Thomas Sargent, Neil Wallace, and Edward Prescott. The New Classical Macroeconomics school of thought attempts to analyse macroeconomic models […]

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Colonialism and Economic Development

Introduction Most developed countries are opting to stop the aid they give to various developing countries. This is due to the fact that countries which were once colonies of various nations from the west are now economically stable. Many of the countries which depended on foreign aid for their development are now able to individually […]

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Urban Economics (New York City)

1. Introduction New York City is the most densely populated city in the United States of America with a population of about eight million people in an area of 784 square kilometers. The five boroughs, which make up New York City, are Brooklyn, Bronx, Manhattan, Staten Island, and Queens. New York City has an estimated […]

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Environmental Economics

Environmental sustainability has become one of the most important considerations even as the world moves to develop and avail more goods and services for consumers for better living. The impact of industrial pollution has taken toll on the environment threatening not only the ecosystems existing in different parts of the world but also the very […]

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Business and Economics

Effective business management is one of the core issues lacking in most business organizations. According to Bob Farrell motivating the workers is a central feature in establishing a sound and effective managerial environment. Motivation, for instance, as illustrated in his video titled Give e`m the PICKLE is presented as the principal force behind successful organizations. […]

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Economics of Walnuts in California

Introduction Walnuts accounts for a greater percentage of fruits and nut crops in California (Ramos 2). Nearly all walnuts produced on a commercial basis in the United States come from California, thus makes a great contribution not only to the economy of the state but also to the nation at large. The first variety of […]

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The book “Common Wealth: Economics for a Crowded Planet” is written by Jeffrey Sachs, a famous economist from the Columbia University. His work is devoted to the economic problems of our planet and to the global issues in general. The author focuses on the existing threats for the global population in different spheres of life […]

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