Measuring the new prosperity, Jack Layton
Book review - 2 pages - Economy general
Prosperity always comes with a cost. If prosperity is to be questioned due to the existence of costs, there is no real prosperity. According to Jack Layton's essay, "Measuring the New Prosperity" (hereinafter referred to as "the Essay"), prosperity must consider the social costs that were...
"History of Capitalism" (part 4 to part 7) by Michel Beaud (2000)
Book review - 35 pages - Economy general
Capitalism is a logic based on the production of goods. It became prominent in Britain along with Europe and the United States during the "early industrial" era from 1770 to 1860: Textiles, machinery, railways and arms. But capitalism in its historical movement, also concerns the capitalist...
'When China changes the world": Erik Izraelewicz
Book review - 5 pages - Economy general
"The snake has initiated its transformation", said Erik IZRAELEWIZC playing this animal metaphor to evoke China, stripped of its skin spotted with communism and protectionism, which finally awakened. Modern cities developed there, and have tripled in volume in recent years. Cities like Shanghai,...
'The monetary history of the United States', chapter 7: Great Depression, 1929-1933 (Friedman and Schwartz)
Book review - 5 pages - Economy general
The Great Depression is considered as the most severe economic depression in the history of the United States. In terms of the economic and monetary unions, it had meant: a decrease of more than half of US GDP (current prices) and over a third of US GDP (constant prices) between 1929 and 1933 - a...
Tensions over foreign direct investment (readings summary)
Book review - 2 pages - Economy general
Foreign Direct Investment or FDI appears as a complex mechanism in which numerous and evolving issues are at stake. The first source of complexity lies in the numerous interests that may be pursued by the different actors involved. As the authors underline, the convergence of these interests is...
The complete English tradesman, by Daniel Defoe, 1926
Book review - 3 pages - Economy general
Daniel Defoe was an English fervent supporter of trade: to him, trade was a natural feature of the English nation, and the English people were the best people at trading in the world. Indeed, in the 18th century, the State is a means to promote trade, the English empire is all about trade; the...
Book Review on Max Weber's The Protestant Ethic and the Spirit of Capitalism
Book review - 5 pages - Economy general
According to Weber, industrial capitalism emerged in the west though the convergence of a number of key factors. Capitalism itself had existed in areas of the world prior to the west and had even shared some of the same key factors. For instance, capitalist enterprises were found to have...
