Essays on Feldstein

What are the determinants of the Deadweight Loss?

Introduction The deadweight problem happens when the government through an attempt to increase their earnings from the goods in a country increases the taxation on them. It happens when they impose a certain amount of tax on certain commodities in the market and the end consumer as well as the producer in charge of the production process forced to lose the whole or part of their surplus. The loss they both suffer is the deadweight loss. The government has the right to earn some form of income from the trade activities within their borders. However, they also need to ...

Twenty-First Century Perspective

The Watergate crisis (1972-1974) marks a fundamental breach in the confidence Americans had in the integrity of government officials and in the American political system. Added to the Vietnam War and the economic decline that began to erode people’s income during this period, the Watergate crisis destroyed whatever American idealism remained about the leaders of the nation (Packer, 2011). Throughout the crisis President Nixon had supporters like Dean Burch (1974), who pointed out Nixon’s achievements as a leading statesman, but at the conclusion of the crisis when the taped conversations of the Oval Office were finally released, ...

Differences between efficient and group-level explanations for war

The efficient explanation for war is centered and derived from the constitution as well as from the legal structures within an entity. This means that wars are constitutionally appropriate if the lives of the citizens are threatened by an outside entity. This means that the decision to engage in war is independent on social or other cultural background (Danziger 35). The group-level decision is centered on the idea of dominance. Countries decide to engage in war for reasons that are defined buy cultural and social differences. Countries are therefore in a rush to enter into war with other countries, not ...