Essays on Political Economy

In a capitalist system, private owners for profit control the country’s trade and industry rather than the state. It is an economic system that has been debated as long as it has been around—centuries. It existed on a microscale in Western culture for centuries, where modern capitalism can be traced to the Renaissance where agrarian...

Capitalism has been a topic of controversy and criticism for several years from various perceptions during its history. Condemnations range from individuals who differ with the philosophies of capitalism in its entireness, to those who disagree with specific results of capitalism (Bonefeld and Kosmas 98). Among the people craving to substitute capitalism with a changed...

Every individual seeks welfare or well-being, which is often defined by some indicators such as standard of living, life expectancy, and income, all of which need good job opportunities. Therefore, by comparing economic indicators between the home country and the host country, some citizens might decide to immigrate. One of the significant financial purposes for...

The manner in which our society is run is very unique and not the same everywhere an individual travels. There are different types of leadership that are practiced within the society and this usually varies from one region to another (Samuelson, 2015). Capitalism is one type of ideology that has been used for so long...

By exploring poverty and political influence, this essay hopes to discover if a relationship between crime and unemployment within the UK can be established. In addition, this essay will look at the main concepts of Robert Agnew’s general strain theory and how application of this may help to gain an understanding of why some who...

Australia has a well-developed employment system, designed to provide flexibility and certainty to both employers and their employees. Persons in employment are those of working age who, during a short reference period, were engaged in any activity to produce goods or provide services for pay or profit (Australian Bureau of Statistics, 2018). Workers can be...

Patterned joblessness is the possibility that joblessness pursues the general blast and bust cycle of economies. During retreats, joblessness rises, yet once the economy grabs once more, it decreases. Clearly there’s a touch of chicken and egg at play here; the more individuals work, the more organizations develop, the more occupations there are, and bad...

How do we provide worker’s rights at the same time as we try to develop economically? There are no clear answers, and balances can be hard to find. Welfare and capitalism are usually two words that don’t go together, and both words come loaded with meanings. Welfare capitalism, one of the possible solutions to worker’s...

Economics and politics are closely linked in modern society with the emergence of state’s role. As developmental state and with increase in population any country has to open up for trade and commerce. Any Political system must associate with its production and trade, and their relations with law, custom, and government, as well as with...

Introduction The political climate of the United States has recently seen a shift in the increasing divide over socialistic ideologies that contradict capitalist ideals. With the 2020 election just around the corner, new ideas have arisen such as Bernie Sanders’ “College for All” which is a national loan forgiveness program and “Medicare for All” which...