Concepts of natural rate of employment in modern economics

Assignment Help Microeconomics

Reference no: EM133204174 , Length: 5 Pages

Assignment:

1. Explain the importance of the labor theory of value in Marx's analysis of the capitalist economy? How is his theory different from that of Adam Smith and David Ricardo?

2. In what way are the concepts of the natural rate of employment in modern economics and the reserve army of labor in Marx similar? How are they dissimilar?

3. Money and credit play both a constructive and a destructive role in capitalist accumulation. Explain briefl.

4. Briefly discuss Marx's concept of fictitious capital. Give one example and explain in what way it can be considered to be fictitiou.

5. Briefly explain Marx's the law of the tendency of the falling rate of profit in Marx. Why is there a tendency for the profit rate to fall. Give two examples counteracting tendencies that prevent this fall.

6. What does Marx's model of simple and expanded reproduction with two sectors illustrate about the sources of demand in a capitalist economy? How would this model help explain capitalist crisis.

7. Read the NYT article "How America lost out on iphone work". On the basis of the article discuss the reasons why middle-class jobs are being squeezed? What ideas of Marx's economic thought are relevant to your analysis? (Write a short response essay of about 500 words)

8. Read the NYT article "Profits for Buyout Firms as Company Debt Soared".

Discuss on the basis of the article how finance shapes social relations using the experience of the Buyout firms, owners and workers at Simmons. (Write a short response essay of about 500 words).

Reference no: EM133204174

Questions Cloud

About a good or service for which you have elastic demand : Tell us about a good or service for which you have Elastic demand. San Diego State University.

Discuss the process of business planning : The hiring manager wants you to discuss the process of business planning and budgeting to help her plan for the upcoming fiscal year. Columbia University.

What are statistics : A one-page critique of a peer-reviewed journal article. Before you select your article, review the "Session One: What Are Statistics?" Columbia University.

How does this effect fixed and variable costs for business : How does this effect the fixed and variable costs for businesses? Oakton Community College.

Concepts of natural rate of employment in modern economics : In what way are the concepts of the natural rate of employment in modern economics and the reserve army of labor in Marx similar? Fullerton College.

How currency depreciation stimulates exports : Evaluate the three major approaches to analyzing the economic impact of currency depreciation: the elasticities approach. Saudi electronic university. ECN 500.

Why opportunity costs are relevant in discussion of trade : Given a terms of trade you set, what would be the outcome if we indeed trade with Herapi? University of North Alabama. EC 252.

Explaining the essentials of production cost : Write up explaining the essentials of production cost to your manager who doesn't understand why you would not continue to increase output infinitely.

Discuss investment options for a home investor : Consider two investment options for a home investor. If the domestic rate of return (home nominal interest rate) is 5%.

User Account

All Pages