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APA
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Social Sciences
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Essay
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English (U.S.)
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Topic:
Economist's Idea on the Power of the Market and Income Inequality and the Middle Class
Essay Instructions:
Listening to economists with different ideas:
Milton Friedman, https://www.youtube.com/watch?v=eWrImRnH6bw
Paul Krugman "Income Inequality and the Middle Class" http://www.youtube.com/watch?v=5kwA-CwFK5A&feature=PlayList&p=006DFDEAD59BB66E&playnext=1&index=21 [7:14]
Joseph Stiglitz "Market Fundamentalism is Dead" http://www.youtube.com/watch?v=x_2-Tv2GPs0 [4:14]
Essay Sample Content Preview:
The Economist's Idea
Author Name
Institutional Affiliation
In the first chapter of Free to Choose (the name of this chapter is The Power of the Market), Rose D. Friedman can be found saying that most people have not understood the actual strength of the market. Every day, we use a significant number of goods and products, and we never try to know how many people have struggled to bring those items to us. We mostly take day-to-day things for granted and need to be fully aware of the efforts of the people who have manufactured them, marketed or distributed them. This is the only way to value their hard work and dedication.
In Income Inequality and the Middle Class, Paul Krugman argues that the inequality of income has led middle class and low-class people to face various problems. Almost all of them are unable to buy the product...
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