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Friday, November 2, 2012

The Success of Economy Depends Upon the Political Honesty

81-82). These factors, operating interdependently, argon by and large used by economists to determine the health of a presumption economy.

Heilbroner and Thurow explain the interdependence of the factors that go into making up a country's gross national product. Households use their earnings from income and transfer payments for expenditures on consumer goods. This creates the demand for consumer goods that are part of the GNP. However, households generally save about 5 part of their earnings (1994, p. 87). Businesses then borrow these nest egg from banks to spend on their running expenses and to invest in capital improvements. However, because businesses as a general rule lays out more money for wages, salaries, in the buff materials, semi-finished goods, land, and capital than the total amount it takes in by change its own output, the household savings that it borrows are significant to its magnate to invest (1994, p. 88). Should the level of household savings drop, capital investiture will necessarily decrease, productivity will decrease, and finally GNP will decrease.

Heilbroner and Thurow advocate that at times when the economy is experiencing unwilling growth due either to inflation and/or a decrease in savings, the government should step in to acantha growth by either spending the household savings if businesses will not or b


y manipulating the level of household savings through gross (1994, p. 93). By advocating such activity, however, Heilbroner and Thurow have entered into one of the areas where economics and government intersect directly. Whether a government will choose to come in in its country's economy depends on the government and the people's view of the government's role. The capitalist system is based on the idea of free-enterprise; a belief in the idea that the economic system is beat out left alone and will correct itself through picture and demand. However, Heilbroner and Thurow point out that the government is necessarily involved in the economy because it must regulate the activities of businesses (1994, pp. 70-74). Every regulation has almost impact on the economic situation of the businesses it affects.
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In addition, Heilbroner and Thurow deny the idea that the economy will always correct for lags in supply or demand.

"Shmuel, do you think being a Jew makes the bread and butter of a retired person different from others--easier or harder in any way?" I asked. My questions came haltingly. Shmuel was wary, waiting for me to prick him. He was polite, seeming always to defer but guarded. How much of his life must he have lived this way, I wondered (1988, p. 46).

The difference in narrative styles of both works also further illustrates other difference between sociology and anthropology. Myerhoff adopts a narrative form that appears almost fictionalized; her recorded conversations with the subjects of her study are not identified as verbatim and are interspersed with her personal observations of the speaker's demeanor:

Doug McAdam's analysis of the disseminated multiple sclerosis of the summer of 1964 demonstrates the extent of the effect of the racialization of blacks on America. He states that disseminated sclerosis remained "an anachronism" during the summer of 1964. Still a state that relied for the most part on nonmechanized cotton farming, McAdam declares that one of the defining qualities of the
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