Essays on Nomura

American Pastime opens with a Japanese family living in Los Angeles. This is the Nomura family and it is evicted from its home and business after Franklin Delano Roosevelt signed the Executive Order 9066. The family is rounded up into Topaz, an internment camp in Utah’s arid area. Here, they meet many other Japanese from different parts of the country. Nomura starts a baseball league in the camp. While in the camp, Lyle, Nomura’s son gets into a relationship with Billy Burrell’s daughter, Katie. Billy Burrell is one of the guards at Topaz. The climax of ...

Introduction

It is imperative to note that productivity growth is an aspect that is often used by economists to gauge the performance of an economy. In evaluating the living standards of a country in the long-term, the efficiency with which capital and labor are combined has a significant role to play. However, it is worth noting that productivity alone cannot be relied on to measure the performance of an economy as it is inefficient. The concept has made most analysts to focus on other features such as labor productivity, a figure that is often arrived at by dividing the total ...

Over the last few decades, the level of economic inequality has significantly increased, especially in the OECD countries (John 7). Essentially, the top earning population has acquired a large share of the overall gains in income. Fundamentally, there has been an increasing consensus that major assessment on the level of economic performance should not be based solely on income growth, but the distribution of income. Such assessments are highly concerned with the level of both economic and income inequality. Economic inequality measurements have numerous dimensions, and economists view it in terms of monetary assessments related to incomes for individual ...