It has seemed to me worth while to show from the history of civilization just what war has done and has not done for the welfare of mankind.
Some people continue to defend trickle-down theories, which assume [? This opinion, which has never been confirmed by the facts [! Pope Francis IEvangelii Gaudium, "The Joy of the Gospel," November 26,exclamations and questions added, The European Dream, with its emphasis on collective responsibility and global consciousness Jeremy Rifkin, "The European Dream," Europe is an economic success, and that success shows that social democracy works.
Guess a Nobel [i. Like them, he has driven the U. Then again, neither of his predecessors had such visible evidence of where social democracy ultimately leads.
Referendum on Europe," The Wall Street Journal, Tuesday, January 3, Economists agree that a large capital stock is a key ingredient for prosperity, as it expands our productive capacity and raises worker productivity, which in turns increases wages and consumer purchasing power.
Our capital stock is comparatively much smaller today than it was before the Great Depression. Where there is investment -- a new factory or distribution facility being built, a new store about to open, new software being installed -- that is where new jobs are created.
It is no coincidence that during this period of subpar growth, private capital investment as a percentage of our economy is at post-World-War II lows. Walter WristonCiticorp Chairman, All economic problems are about removing impediments to supply, not demand.
But Keynes, unlike many of his followers, was not a man of the left. Barro Harvard"Keynesian Economics vs.
Regular Economics," The Wall Street Journal, Wednesday, August 24, regarding the demand side "multiplier" The principle of Keynesian economics is to stimulate demand. This done by distorting the labor market through artificially inflating wages or actually fixing wages.
Price manipulation and price fixing always result in either surpluses or shortages of what is manipulated. This part of Keynesian strategy thus increases unemployment, which is the surplus of labor.
The other part of the strategy is public spending, which always ends up being done for political rather than economic reasons, in part because governments cannot successfully engage in macroeconomic calculation. This was predicted by von Mises and Hayek and demonstrated, not just by the economies of the Soviet block, but by almost every government spending program that has ever existed.
Government spending also siphons off capital from the private economy, which inhibits hiring, production, and investment. The whole Keynesian program is thus grotesquely counterproductive, except to the privileged and often connected few to whom the inflated incomes and government money actually flow.The Influence of Dante's Inferno - Dante Alighieri’s Divine Comedy is an epic poem that begins with the Inferno.
The Inferno is an extremely influential part of European literature. Compromise of As a result of the electoral vote from the election of , Congress created a member bipartisan commission, on January 29, , to resolve the dispute concerning the electoral votes between Tilden and Hayes.
Jennifer Weber is an Associate Professor of History (Ph.D. Princeton, ) at the University of Kansas.
Jennifer Weber specializes in the Civil War, especially the seams where political, social, and military history meet. In this section, you will find videos that cover the entire period 5 for the new APUSH curriculum.
This period will account for approximately 13% of your test, so make sure you are familiar with it. Enter your mobile number or email address below and we'll send you a link to download the free Kindle App.
Then you can start reading Kindle books on your smartphone, tablet, or computer - no Kindle device required. Personally, having just printed out and read the entire list, I feel a change in my vocabulary.
I’m familiar with all of the verbs, but reading the list just once seems to have brought many new verbs into my working vocabulary.