Krugman Article Reviews Samples For Students

Prisons, Privatization, Patronage

Summary
The article, “Prisons, Privatization, Patronage” by Paul Krugman highlighted that the government’s decision to privatize prisons and related public services, such as halfway houses, has come to face its consequences—escaped prisoners committing crimes all over again, sometimes even worse than what they have been convicted for. Krugman cited The New York Times’ investigative reports on this issue and case stories on what has been taking place in the state of New Jersey. These studies reveal that such private facilities are inadequately managed, with insufficient number of personnel, and poor prisoner monitoring equipment. However, Krugman also ...

Article Review: Japan’s Growth Strategy is All Wrong

Abstract
The article Japan’s growth strategy is all wrong is about the policies implemented by the Japan government led by Prime Minister Shinzo Abe that is viewed to jeopardise the country’s low interest rate environment that is conducive for spending and investment. The purpose of the student in writing this paper is to present the economic problem faced by Japan as an implication of the policies executed by the government, applying the concepts and principles that I have learned in my Economics.
The article entitled Japan’s growth strategy is all wrong is about the ...

Article Review: “Prisons, Privatization, Patronage”

Article Review: “Prisons, Privatization, Patronage”
Summary: The article, “Prisons, Privatization, Patronage,” by Paul Krugman aimed to expose the indecency and lies growing within the prison system, beginning with halfway houses in New Jersey . Typically, halfway homes are advertised as a place for prisoners in rehabilitation to find sanctuary as they adjust to the outside world. They are shown as refuges that offer resources for individuals. The New York Times’ investigation however exposed halfway homes in New Jersey to be riddled with underpaid, overwhelmed staff, as well as dangerous inhabitants that did no service for one another. If anything, the ...

The United States is still reeling in the aftermath of a Donald Trump presidency and the surprises it may bring with it. In Paul Krugman’s article, Donald Trump’s Medical Delusions, it is clear that there are inadequacies of the Trump attacks of Obamacare. “Repeal and replace” turns out to have been a political slogan because the changes proposed by the Conservatives/ Republicans may never see the light of day.
Repealing Obamacare was a campaign strategy that may have won Donald Trump the presidency but its viability leads to a lot of questions raised as to whether it ...

I agree with by Paul Krugman that inflation is till considerably low. Therefore, Fed should worry more about unemployment than inflation. The level of inflation is relatively low than 2% therefore, Fed should concentrate on reducing unemployment. The economy is currently recovering and the aggregate demand is also increasing so Fed should continue to apply expansionary economic policies to help the economy to fully recover. This should be the way to go despite Phillips curve argument that unemployment decreases then inflation increases because little increase in inflation may be less harmful if it creates more employment opportunities by encouraging ...