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Posted: February 13th, 2022
Economics Philosophy
Read the following two statements taken from a Forbes article in December 31, 2013.
Statement 1: “there is a certain crowd in Washington who, for the last few decades, have said, let’s respond to this economic challenge with the same old tune. The market will take care of everything, they tell us. If we just cut more regulations and cut more taxes – especially for the wealthy – our economy will grow stronger. Sure, they say, there will be winners and losers. But if the winners do really well, then jobs and prosperity will eventually trickle down to everybody else. And, they argue, even if prosperity doesn’t trickle down, well, that’s the price of liberty.”
Statement 2: “there is a certain crowd in Washington who, for the last few decades, have said, let’s respond to this economic challenge with the same old tune. The government will take care of everything, they tell us. If we just pile on even more regulations and raise taxes – especially on the wealthy – our economy will grow stronger. Sure, they say, there will be winners and losers. But if the losers are protected by more social programs and a higher minimum wage, if there is more Quantitative Easing by the Fed., then jobs and prosperity will eventually trickle up to everybody else. And, they argue, even if prosperity doesn’t trickle up, well, that’s the price of a social safety net.”
These statements are based upon the US economy and different, well-known, economic governmental philosophies implemented frequently. These are very BIG economic statements which means these statements refer to many different aspects of macroeconomic government policy. During this course, we have already discuss some some portions of these theories and will eventually discuss other portions of these theories.
1. Which philosophy do you agree with? Why? Narrow down your thoughts to one aspect of these macroeconomic policies, i.e taxes (more or less), government spending, government welfare spending, monetary growth, effects of government regulation, etc.
2. Find at least TWO ECONOMIC journal articles that either agrees with or disagrees with the philosophy that you have chosen in #1.
3. Find a popular press article that argues the OPPOSITE
3. Summarize your journal article as it refutes your popular press article. This summary should be in terminology that could be understood by your fictional high school senior.
4. Your summary should be at least 500 words.
Your assignment MUST focus on economic issues.
Your assignment will be counted off one point for each minute that it is submitted late.
Assignments that do not meet assigned word count, do not address economic issues, or do not address similarity issues via TurnItIn, will have grade deductions accordingly.
•When completed, upload to the appropriate place in Moodle.•Make sure to type this. Using Word, preferably.•Cite your sources using Help write my thesis – APA format and in-text citations
Just a reminder:
The best way to complete this assignment is to:
1. Choose to either research natural disasters or one type or particular natural disaster. You will find much has been writtien on some of the more significant natural disasters such as the recent Tsunami from 2004, Hurricane Harvey, Hurricane Katrina, etc. You will also find much that has been written about a particular type of natural disasters such as the losses associated with wildfires.
2. Find a populat press article that discusses one of these.
3. Go to CU’s library website and start searching. For your settings, choose peer reviewed and academic sources.
4. Once you have found two (ore more) peer reviewed articles, make sure that the Journal is listed as reputable on one of the links that I have provided in the Residency tab. If it is not, ask your professor before using.
5. Read all of your chosen articles and write after that. Do not copy and paste,
6. Cite your sources.
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