John Maynard Keynes

What ideas was John Maynard Keynes known for? What were some of his early influences?

The Economic Theory of Human Capital - theoretical explanation for the skill-unemployment relationship

Using Human Capital theory (Becker, others), explain the relationship between skill and unemployment. Naturally, economists and the public at large usually think of skill-level having having an inverse relationship with unemployment. But you should be able to describe why this is, put it into terms of Human Capital, and perhaps think of some exceptions to the general relationship. This can be conceptualized on both macro and micro levels

5 Human Capital theory questions & propositions to be explained

Using the Human Capital theory: 1. Explain why firms in developing countries are more paternalistic. 2. Explain why teenagers tend to accumulate low wages yet proportionally higher human capital than adult workers. 3. Explain why some people who stay in college longer must be paid longer (and visa versa). 4. Explain why people who have greater natural ability are (should be?) paid more and/or given more opportunities to develop their human capital. 5. Explain why a person might become a professor, even though PhD's typically require more time and research than M.B.A.'s, law degrees, and even some other doctorates (like PsychD's)?

New Deal - Recovery

Franklin D. Roosevelt ' New Deal in the 1930's aid US to go through the depression. There were famous three Rs: relief, recovery and reform. Can I know what was the recovery? and what programs did he pass for recovery?

Politics and Economics

How do politics influence how your tax dollars are spent? What problems could this create?