Rosecrance calls these new centers of power virtual states, because their wealth and influence depend on intangible flows of money and ideas. ... He also generalizes about the relationships and characteristics of what he calls a new system of international politics and economics. ... In varying ways, these have each focused their home economies on services and moved excess production capacity abroad. ... Part II and Part III of The Rise of the Virtual State, explores the special place of the multinational enterprise in the contemporary global economy. ... But a virtual state, by its very...

• Word Count: 1468
• Approx Pages: 6
• Has Bibliography
• Grade Level: Undergraduate

There are many different ways that fictional unemployment come into place. ... Economists will use this term that consists of workers that are either searching for a jobs or waiting to take jobs in the future (BOOK). ... Businesses have to make the unfortunate call of laying off workers to maintain profits. ... The Great Depression in 1933, with the unemployment rate at 25 percent, reflects the worst cyclical unemployment in the United States history (BOOK). ... It can create trouble at home, increasing the number of divorces. ...

• Word Count: 1235
• Approx Pages: 5
• Grade Level: High School

Adam Smith is remembered for his most influential book called An Inquiry into the Nature and Causes of The Wealth of Nations. ... While there, Adam Smith was playing by the front door and was kidnapped by a group of drifters called Tinkers. ... In 1759, Adam Smith published his book called Theory of Moral Sentiments. This book established Smith's reputation, in his day. ... This book was revolutionary for its own reasons. ...

• Word Count: 3887
• Approx Pages: 16

What is the true state of the so-called "American Dream" today? ... King wrote this essay in 2011, for this book. dream of a land in which life should be better and richer and fuller for everyone, with opportunity for each according to ability and achievement, regardless of social class or circum­stances of birth" (1931). ... The real sign of success in our soci­ety used to be owning expensive items, namely cars and homes, and acquiring more material wealth. ... For example, more and more people now rent their homes instead of buying; a recent study showed a decrease in home about 66.5% i...

• Word Count: 1826
• Approx Pages: 7
• Grade Level: Undergraduate

A Scottish economist by the name of Adam Smith released a book called "The Wealth of Nations ". In this book he criticized the idea of government intervention and regulation in economic matters and called for the elimination of such a system. ... Governments are sometimes urged to support the development of infant industries, protecting home industries in their early stages, usually through subsidies or tariffs " (Wikipedia). ...

• Word Count: 2010
• Approx Pages: 8
• Has Bibliography
• Grade Level: Undergraduate

If all corporations were to do so, he argues, it would likely skew the entire system and interfere negatively with the invisible hand that so effectively creates what he considers to be the inherent fairness and efficiency of the market place in a so-called "free society." In discussing social responsibility, Friedman summarises his views in his book, Capitalism and Freedom: "[In a free society ] there is one and only one social responsibility of business - to use its resources and engage in activities designed to increase its profits so long as it stays within the rules of the game, which ...

• Word Count: 2501
• Approx Pages: 10
• Grade Level: Undergraduate