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Intellectual Biography of Irving Fisher
The American scientist Irving Fischer (1867-1947) entered the history of economic thought by his research of “a purchasing power of money”, “the exchange equation”, and the offers connected with “absolute money” and “the constructive taxation.” The historical merit of Fischer consists, first of all, in the fact that he found an accurate logical expression of the essence of the quantitative theory of money which developed in 1800 - 1873 at the time of J. Mill. A
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Economic Forecast for the US Economy
The key sectors of the economy seem to continue registering growth with the chances of GDP improving. This has been supported by the continued increase in consumer spending. As the incomes of the households increase, spending rates have grown, thus improving markets for firms
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Solid Waste in History: Economics and Legislation
The intensive development of the environmental law and legislation since the 70s of the last century shows how important problems of preservation of the surrounding medium became.
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Worldly Philosophers
Modern economics is, simply, a science that deals with numbers and scientific details that would not apply to a non-economist. The study has now been tailored to suit the needs of the prevailing governments such that the working class has become ignored.
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Thomas Cook and Tour and Travel Sector
The global tour and travel sector has experienced rapid changes in the recent past due to the influx of small to medium-sized companies. This scenario has further been fueled by the globalization of most major markets through Internet marketing.
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The Implications of Inequality on the Economy
The global economy is based on knowledge in contemporary times. Governments and local authorities need to provide policies, which would ensure the financial interests of the poor class in a globalized market (“Effects of Economic Inequality” par. 8The factors that are responsible for causing economic inequalities are usually linked.
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