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Papers On Economics And Economic Theory
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Free Banking Vs Federal Reserve
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A 14 page paper. The essay traces the evolution of the banking system in the United States to demonstrate the different systems that were tried. The first central bank was established in 1791, free banking was the model between 1837 to 1862 and the Federal Reserve was established in 1913. The writer then comments on which system would be more stabilizing. Bibliography lists 10 sources.
Filename: PGfrbnfd.rtf

Free Market And Individual Liberty
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3 pages in length. The relationship between free markets and individual liberty is an otherwise complementary union that is suffering a tremendous setback amidst the current state of the economy. It has long been the case how America's capitalist economic system is a "fit" with the nation's principles and form of government; only recently have these constitutional tenets undergone extreme tests of their collective strength where the United States economy is concerned. The extent to which free market capitalism works synergistically with individual liberty is both grand and far-reaching; having approved more than $700 billion to bail out a broken, untrustworthy financial sector sent a strong message to the American people that saving poorly-run industries demands more attention than upholding their individual liberties. Bibliography lists 5 sources.
Filename: TLCfreemrkt.rtf

Friedman: “Free to Choose”
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This 5 page paper discusses economist Milton Friedman’s book, “Free to Choose.” Bibliography lists 1 source.
Filename: HVFreCho.rtf

Friedman: “The World Is Flat” (Sort of). Or Maybe It’s Spiky.
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This 12 page paper discusses Thomas Friedman’s popular book “The World Is Flat” and in particular, considers his thinking with regard to faith and its intersection with technology. Bibliography lists 1 source.
Filename: HVwldflt.rtf

Full Employment in the United States Economy;
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This 14 page paper considers the goal of full employment. Firstly, the paper considers what full employment actually is, and why in its definitive state it is not desirable. The paper then goes on to discuss the role of supply and demand on employment including the theories of the Classical, Keynsian and Monetarist regarding employment and related factors such as inflation. The final part of the paper then examine the role of new technology on employment by considering the fears and potential that it provides dependant on how it is used. The paper include 5 graphs and the bibliography cites 10 sources.
Filename: TEfulemp.wps

GAAP, Financial Statements
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A 3 page paper. GAAP is explained. The essay explains assets, liabilities and owner's equity, and the four financial statements of a company are described. Bibliography lists 3 sources.
Filename: PGgaap8.rtf

Galbraith's The Great Crash of 1929
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This 3 page paper provides a book review of this work by a well known economist. No additional sources cited.
Filename: SA914gal.rtf

Game Theory
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5 pages. An excellent and thorough explanation of the Game Theory of economics. Explains in detail how this theory works and how it applies in real-world situations to companies with oligopolies. Standard microeconomics provides a theory of decision-making where the outcomes of various decisions are known. Game theory provides rational solutions when the outcomes are uncertain. Game theory has proven very useful in the study of oligopoly markets where each participant must take account of the reactions of its competitors. Bibliography lists 3 sources.
Filename: JGAgame.rtf


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