Social Sciences

Karl Marx attempts to show the ethical failure of capitalism by way of the notion of alienation, or self-estrangement.  I shall argue that his arguments are based upon misunderstandings of a capitalist economy, faulty definitions, and an implausible conception of human nature.....

The emerging markets of Middle East that achieves high and sustainable rates of economic growth, and attracts foreign investment, upgrade their capital markets to foster and fuel this growth. The last collapse of several economies along with the collapse of their stock exchanges around the world indicates the inevitable link between a country’s economic performance and the vitality of its capital markets.

Japan is the world’s second largest economy after the United States whose gross domestic product (GDP) was $4.35 trillion, compared to $9.15 trillion for the United States in early ......

In an increasingly integrated global economy, it is important to have a clear understanding of the costs and benefits of unilateral economic sanctions for the United States. Most of the analysis of the effectiveness of economic sanctions suggests they have limited utility for changing the behavior or governments of target countries............

World Bank economist William Easterly published a book, "The Elusive Quest for Growth". A highly appraised book in which he is highly critical of both economic theorists and foreign-aid providers, including his employer, for failing to come up with a workable theory of economic growth or a means of implementing it............

At the time of The Great Depression, which took aback economists and politicians in a similar way, John Maynard Keynes who was an exponent of neoclassical economics until the 1930s developed a theory of economy............

When factors that can contribute in the recovery and development of an economy are considered, one of the primary aspects to be considered is usually the behavior of the consumers.............

Supply and Demand law is perhaps one of the most fundamental concepts of economics and it is the backbone of a market economy. Demand refers to how much (quantity) of a product or service is desired by buyers..............