… Nash, Reinhard Selten, Robert W. Fogel, and Douglass C. North, made an abundant progress in the Economic Sciences in America and the economy. For these great accomplishments, these five were awarded the Noble Peace Prize in Economic Sciences…

… and substitution in the theory of capital. Complementarity can be usually seen in goods with “sympathetic shifts in demand.” It is also important to realize the narrowness of the traditional treatment of complementarity. Complementarity…

… 3/1/00 ETHICAL ECONOMICS? The term ethical and economics should never be put into the same sentance. They are almost oxymoronic in the sense that in order for one to succeed on an economic level, ethics are usually never involved. Americ…

… of Mao Zedong in 1976, it became apparent to many of China's leaders that economic reform was necessary. During his tenure as China's premier, Mao had encouraged social movements such as the Great Leap Forward and the Cultural Revolution which had…

… can be defined as increases in per capita real GDP (gross domestic product) measured by its rate of change per year. Growth rates are very important because even a small change can make vast difference in the coming years. The knowledge of economic…

… in to the American Broadcast Company's live coverage of the Super Bowl. The three hour-plus event draws as many as 130 million viewers at one time. According to NFL Research, sixty eight percent of Super Bowl viewers say they pay attention to the commerc…

… is generated by either thermal or hydroelectric power plants. Thermal power plants use fuel to boil water which makes steam. The steam turns turbines that generate electricity. Hydroelectric power plants use the great force of rushing water from a…

… altered since the worldwide depression of the late 1920’s and early 1930’s. This change is due in large part to the inception of the International Monetary Fund (IMF) and its subsequent control over the international financial system. In this paper…

… health is an important factor to an individual’s welfare. It is an essential prerequisite for the enjoyment of life. For this reason the importance of healthcare to governments is great and vast amounts of resources are allocated to healthcare,…

… between countries. Managed rates assume that one country sets the monetary policy, takes the exchange rate that is given, and assumes the other country will go along with that rate. The other country then tries to reduce inflation by setting their…