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3/21/19   Return to Economic Library

Index
Wellbeing Studies     One-Page Theory Notes     

One-Page Questions   One-Picture Economics    

Macro Theory       U.S. Economic Growth  

One-Page Political Economy
 

Wellbeing Studies: Good and Bad

1. Work 2. Health 3. Safety 4. Poverty 5. Education  

6. Taxes 7. Debt  8. Government 9. Civility 10. Fake News   

11. The Bottom Line

One Page Theory Notes  

Macro
Ch 1-7

 
Ch 8 -13
Ch 14-18
 

Micro
Ch 19-22
Ch 23-29
Ch 30-33

One-Page Questions

Current News     Fake News   

Short-Term Issues    Longer-Term Issues  

Middle Class   U.S. Economy
 

One-Picture Economics

Income Inequality    Stagnate Wages    Economic Mobility

Inflation    Unemployment    Economic History  

Education Investing    Choosing a College   

Modern Economic History: Western Civilization

One-Picture Economics

Government Spending Helps and Hurts

Source: What You Should Know About
 

 

When Will Income Inequality Affects Growth


Will Inflation Come Back

 

Are Wages Stagnate? A Politicians Dream!!

 

Economic Mobility Favorable

 

 

Unemployment

visualcapitalist

 

Economic History

 

Education Can Be a Poor Economic Investment

 


Choosing a College and Major

 

 

 



1 p1 page printing           1 page color printing
 

Big Political Economy Question #1

 

Big Political Economy Question #2

Note: IMF data makes me nervous!

 

 

Most Westerners Live Better Than Ever
WW 1 Began Mass Wealth Accumulation k
 

 


Economic History: Western Civilization
 

 

 

 

Developmental Characteristics

1500 Begins 

A Fight for Individual

 Property Rights
 

1800 Conflict  

Human Rights vs. Property Rights

 

 

Philosophy Humanism stresses individualism opposes Christian Church penance Science joins Humanism and Christianity as most dominate  philosophical influences
Key Feature Free Will opposes Predestination as a lifestyle option   First Revolution 2nd Industrial Revolution   Free Trade and Globalization
Innovators Erasmus influenced Luther T_More defines utopian socialism Alexander Graham Bell     Mark Zuckerberg
Key Inventions Guttenberg Press3 Financial Revolution Steam Engine Steel, Chemicals, Electricity    Transistor,  Internet, Genetic Engineering
Economic System Feudalism Mercantilism /Bullionism. Laissez-faire Capitalism

managed currency/credit

Democratic Socialism   Free Market Capitalism

Economic Theory

Manorialism had Lords with legal economic power supported financially from his landholdings with legal obligatory contributions of the peasantry.

Tariffs  increased powerful, helped private  "infant" industries. Trade was limited with industrial specialization providing growth.

Private property, individual liberty

backed by a constitutional
Democracy.
Property/Contract Rights
eventually yield to human
Rights/Liberties
See Lochner v. NY
Free Markets Rule
GATT Globalism
WTO aid Agriculture
Nationalistic
Backlash
Surplus Agriculture + Gold +Luxuries   Diseases Cured, Basic Necessities Preventive Medicine Retirement
Oligarchs

Church + Monarchy +Guilds +Traders + Merchants

+ Corporations Wealthy Few + Politicians + Interest Groups + Social Media moguls
Control Method

Eternity in Hell or Heaven+ Physical punishment

+ Economic Rewards   + Political Rewards  + Self Interest
Work Structure Wool Weaver Households Cotton Factory Workers Unionized Manufacturing Workers  
Taxpayers

Surfs + Farmers + Guilds  +Bankers +Importers

   + Corporations  

+ Individuals

Waste

+ Military Spending 

    + Education Spending
Oligarchs Provided

Safety

 + Infrastructure   + Sanitation + Health + R&D + Universal Education

+ Education + Security

Oligarchs

Anarchy

  + Trade Unions   + Government Replace Unions  

+Social Networks

Key Asset Land + Gold Natural Resources + Transportation  
Energy Source

Humans Animals, Water, Wind

  + Steam 

+ Electricity

+ Oil + Atom      + Nature
Economic Catalyst

Colonialism

England's Hegemony Begins   English Cotton mfgt avoided tool monopoly constraints allowing innovation based on science
Key Exports

Spices Tea Silk from Orient

  Wool, cotton

Industrial Revolution

  + Nature
Key Exporters

India, China

  + England

+ US + Germany

 

 

 

 

Current Economics

News

Questions

Question 2

Issues

Political Issues

One-Page Accounting

One-Page
Academic Studies

One-Page
U.S. Wars

Western Civilization Economic History