Essays on Sowell

“If it has ‘science’ in its name, it ain’t (Minnick).” Those words were said to this writer by the smartest person he ever knew personally, a man with PhDs in Mathematics and Physics, a true scientist. He went on to explain that science, if it is science, can be reduced to mathematics and then can predict. “Science can generate electricity or flatten cities,” he said. The problem, of course, is that whenever one deals with the “soft sciences,” political science or economics (the dismal science) or sociology or history or any of the disciplines that are housed in ...

The Federal government has limited options to address economic issues. These are generally described as “Fiscal policy” and “Monetary Policy.” In the most general terms, fiscal policy involves government tax and spend programs. The underlying theory is that tax cuts increase consumers spending ability by leaving consumers with more money and government spending provides a more direct stimulus by injecting money into the economy. Fiscal policy is generally identified under the popular “Keynesian Economics” label. Monetary policy, on the other hand, involves the central bank (the Federal Reserve Bank system, or “the Fed”) “adjusting” the money supply through interest ...

04 September 20XX

Markets work as the most efficient way to allocate scarce resources for which there are alternative uses. This is the theme carried through Thomas Sowell’s Basic Economics. And this is the point that Becker and Elias offer in their Wall Street Journal article. They make the case that people are literally dying from a lack of organs that they need to survive. And they make the point that it is especially true in the case of kidneys. Live donors can survive perfectly well with one kidney. Such donations are becoming common, but usually among family ...

On August 30, 2016, Laura Dimon and Ginger Adams Otis wrote an article for The Daily News under the headline “Protesters gather in NYC to show outrage of skyrocketing EpiPen prices.” The article highlights a controversy that is ongoing as this is typed – the price of potentially life-saving EpiPens has increased fivefold in the decade since Mylan Pharmaceuticals acquired the product. One of the clear economic concepts that the EpiPen controversy demonstrates is elasticity of demand. As Guo (2012) points out discussing price elasticity of demand, the concept is simple. It is intuitive as well. When prices go up ...

YOURNAMEHERE

YOURSCHOOLHERE C13 Economics Assignment 08 Part 1 Monopolies develop in several ways (Vandewetering, n.d.). There are “natural” monopolies that emerge from the scales of some businesses. Electric generation utilities, for example, require multi-million dollar investments in the plant and more millions to build the distribution infrastructure. At these levels of entry costs, virtually no competition can develop. Some monopolies develop around ownership of a scarce resource. The DeBeers company, for example, controls a large percentage of the world’s supply of diamonds. The third form of monopoly is the result of government action. For example, patent and copyright protection ...

Prior to the Great Depression policy makers in the United States generally tended to accept that business cycles happened and in accord with Adam Smith's "invisible hand," tended to be self-correcting. The stock market crash of 1929, and the more general problem of massive unemployment forced a reconsideration. Smiley (2008) and Bernstein (2016) both point out that the human face of the Depression left no choice but for some government intervention. Jahan and Papageorgiou (2014), discussing Keynesian Economics put it plainly: “The central tenet of this school of thought is that government intervention can stabilize the economy.” The centerpiece ...

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Race Matters by Cornel West

Summary Race Matters by Cornel West is a book which peeks into the new meaning of black conservatism in America. It gives us a glimpse of how racial discrimination was defined earlier and how it is defined today in the modern world. At the beginning, the author talks about several works by famous authors who wrote about the black community. Thomas Sowell’s Race and Economics is an aggressive black intellectual conservative assault on the traditional liberal idea of blacks. The Pittsburgh Courier by George S. Schuyler and the letters of the famous Afro-American woman Zora Neal Hurston ...

Neuroscience is an interdisciplinary field. In this area of study, scientists research on the comprehensive structure and function of the brain. There are various interests that scientists can take within the science. They range from the molecular fabric of the neuron together with its biochemical processes to the macroscopic structure of the brain. The study further entails the brain’s relation to cognitions, emotions and behavior. These three factors work hand in hand towards a common objective. The goal is to provide answers to our most pressing individual and societal issues. Currently, neuroscience is the fastest growing field in ...

The objective of the present study is to determine the effects of implementing a policy that requires the students of a subject educational institution to wear a school uniform when going to school. The working hypothesis in this paper suggests that wearing school uniforms directly and positively affects the student’s educational outcomes (and academic achievement levels). For the second part of the proposal, the author focuses on reviewing the current best evidence on the topic of wearing school uniforms.

Theory

There are numerous factors that can directly or indirectly (sometimes both) affect a student population’s educational outcome and ...

Reading Analysis

Race and ethnicity has defined the society in the USA for years end. The term race refers to the distinctions arising from the physical appearance of an individual while; on the other hand, ethnicity refers to the distinctions based on the nation of origin, religion and other markers that define a culture. The analysis shows the historical formation of the early ethnic and racial groups in the USA and at the same time explore the forces and circumstances that contributed immensely to their relationships. The analysis also shows that the immigration had a significant effect on the living conditions and variety ...

Race and ethnicity in the United States of America has been quite an issue that has defined the society for years end. The term race refers to the distinctions arising from the physical appearance of an individual while on the other hand the term ethnicity is used to refer to the distinctions of individuals that are centered on the nation of origin, religion and other markers that define a culture. The analysis shows the historical formation of the early ethnic and racial groups in the USA and at the same time explore the forces and circumstances that contributed immensely to ...