In many respects, John Maynard Keynes was a revolutionary thinker of his time. His economic thinking received acceptance by many thinkers of that time. The dominant discourse at that time was the dominance of capitalism and the existence of a free market, strongly supported my Milton Freedom. Yet, in that...
As of late, the debate between the relative veracity of “Keynesian” versus “Classical” economics has come to the forefront of public debate. To be sure, we live in an incredibly insecure time, with regards to economic and financial strategy, and as such, these theoretical debates have come to the forefront...
The Concept of Classical TheoryThe classical economic theory is based on Say’s Law. Say’s Law asserts that “Supply creates its own demand” (Bortis 5). This is a clear indication that whatever the people produce is all sold. The main question that comes up in the discussion of Classical theory is...
The question as to whether socialism has led to the economic problems of Venezuela is one that is not straight forward. This paper is based on the thesis that socialism is not the main factor for the economic problems facing Venezuela. Although socialist policies of the country have largely been...
Cash management is one of the fundamental factors of business success. Small and large businesses that cannot develop and use effective cash management models will hardly be successful in the global marketplace. As Beesley (2013) says, "cash flow is the lifeblood of a business and critical in its growth." Therefore,...
The growing student debt crisis in the United States is created by banks that are targeting students with predatory loan offers, along with a rise in tuition costs associated with the corporatization of higher education and less jobs available for students upon graduation. Students are more likely to be given...
Abstract Many businesses, such as Walmart, Target, and car dealerships used economy and psychology pricing strategies to gain businesses and ensure that customers are buying the product that they want to keep them satisfied. In economy pricing, marketing and production costs are kept low, so that the customer can buy...
A corporation is a business enterprise that is owned by stockholders, most of whom are not involved in running the daily affairs of the business. Corporations, rather than individual ownership of businesses, is now the dominate form of business in the U.S. Economy. As a result, power and influence are...
Introduction Ever since the “Great Recession” of 2008, the U.S. economy has struggled to correct itself and get back on the track of its previous growth success. Initially, the problem revolved around lending and borrowing. Since financial institutions had been so lax in their previous lending activities, they were hit...
