Economics Research Topics Page by Owen Borville
Latest Trade Deficit and Surplus 4.12.2025 Everyone is a Slave. Really.
Economics Theories and Topics
Macroeconomics is the study of the economy as a whole. Microeconomics is the study of a smaller sector of the economy.
Supply and Demand
Labor and Productivity
International economics
Federal budget deficit, Federal debt, infrastructure, roads, bridges, economic prosperity, business trade with nations, energy policy, energy resources, global health, business: ancient trade routes encouraged people to explore the world for new land and resources.
Jobs, economic development, capitalism, middle class, Classical vs Keynesian economics, trade, tariffs, globalism, technology, industry, workforce, training, stock market, banks, interest rate.
Economics, Government, and Community Development
Economics Topics Output and Economic Growth, Unemployment, Inflation, International economics, personal finance
Economic Factors Interest rate, exchange rate, tax rate, inflation, labor, demand/supply, wages, law-policy, recession, education, training, natural resources, energy resources, transportation, communication, land, capital, health care
Macroeconomics: The economy as a whole: Output and Economic Growth, unemployment, inflation, interest rate, GDP, income level, price level, consumption, capital, government debt
Microeconomics: The individual economics of a business or individual
Poverty Causes: Jobs, Family, Bad Choices and Bad Luck, Poverty Causes; Jobs, strong families, good choices and good luck leads to prosperity. Bad choices and bad luck causes poverty, both at the individual level and national level.
City States developed after Mt. Ararat and Babel dispersion and eventually merged to form nations and then empires that eventually broke apart. Mesopotamia-Canaan, Egypt, Indus, China, Crete, Mesoamerica, Peru. Agriculture allowed cities to develop along rivers. Jethro gave Moses first principles of organizational management. Moses and Exodus gave first detailed organized laws of a nation. Hammurabi and Mesopotamian governments, city states in Canaan, Greece. Biblical records gave first historical accounts of Moses, David and the Kings of Israel. Herodotus was one of the first historians and wrote first historical works outside the Bible. Daniel's World Empires: Babylon, Persia, Greece, Rome. Political parties: Pharisees and Sauducees near the time of Christ. Revived Roman Empire: Holy Roman Empire: 800-1800 AD, Independence and World Wars. Fourth Beast: European Powers and United Nations: Britain, Spain, France, Portugal, Japan conquered the World. Then nations broke apart after WW2 and 20th century independence movements.
Government/Economic Systems in World History
Plato (428 BC): Five Types of Government Regimes: Aristocracy (favored), Timocracy, Oligarchy, Democracy, and Tyranny.
Aristotle (384 BC): Forms of Government:
Monarchy (Best) Rule by One= decays to Tyranny, Rule for One (worst)
Aristocracy (Good) Rule by the Best= decays to Oligarchy, Rule for the Few (worse)
Democracy (Poor) Rule by the Many=decays to Mob Rule, Everyone for Themselves (bad)
Jesus Christ: Pay Taxes, Parables of Work, Fulfilled the Law
Paul: Romans 13: respect government authority
Moses Ten Commandments
Wisdom of David, Solomon, Psalms, Proverbs, Ecclesiastes
Famous Modern Economists
Adam Smith (The Wealth of Nations, 1776, 18th century Scottish economist) produced the first modern work or book in economics. Smith is considered the father of modern economics and is still very influential in economics thought today. Smith promoted classical free-market economic theory and believed self-interest and competition led to economic prosperity. Adam Smith's principles led to the development of capitalism. The "Invisible Hand" of free markets guided the economy: Laissez-faire capitalism created demand, thus increasing wages. Supply-side economics.
Karl Marx: (Mid 19th century Prussian-German philosopher) Described Class Struggle: He believed nations develop through class conflict. Ownership-Ruling Class versus Labor Class; Marxism: He believed capitalism will fail and be replaced with socialism. Wrote the Communist Manifesto. His ideas were considered dangerous.
John Maynard Keynes (1930s, 20th century British economist) refuted Adam Smith's classical economics of free markets to develop the economy and believed that aggregate demand was key to economic prosperity for a nation to avoid high unemployment. His ideas led to Keynesian Economics as a response to the Great Depression of the 1930s that impacted not only America but the world. He believed that economics recessions were not self-correcting as the classical economists like Adam Smith thought and must be corrected by government intervention. Keynes predicted that technology would lead to a shorter work week. Demand-side economics. Keynes believed that classical economics of Smith could not explain the Great Depression of the 1930s. Keynes believed the government must create and increase aggregate demand by increasing spending.
Supply-side economics (Classical-Smith) versus Demand-side economics (Keynesian economics)
Milton Friedman (20th century classical economist) While Keynes was the most influential economist of the first half of the 20th century, Friedman was the most influential of the second half of the 20th century. Friedman advocated monetarism.
Latest Trade Deficit and Surplus 4.12.2025 Everyone is a Slave. Really.
Economics Theories and Topics
Macroeconomics is the study of the economy as a whole. Microeconomics is the study of a smaller sector of the economy.
Supply and Demand
Labor and Productivity
International economics
Federal budget deficit, Federal debt, infrastructure, roads, bridges, economic prosperity, business trade with nations, energy policy, energy resources, global health, business: ancient trade routes encouraged people to explore the world for new land and resources.
Jobs, economic development, capitalism, middle class, Classical vs Keynesian economics, trade, tariffs, globalism, technology, industry, workforce, training, stock market, banks, interest rate.
Economics, Government, and Community Development
Economics Topics Output and Economic Growth, Unemployment, Inflation, International economics, personal finance
Economic Factors Interest rate, exchange rate, tax rate, inflation, labor, demand/supply, wages, law-policy, recession, education, training, natural resources, energy resources, transportation, communication, land, capital, health care
Macroeconomics: The economy as a whole: Output and Economic Growth, unemployment, inflation, interest rate, GDP, income level, price level, consumption, capital, government debt
Microeconomics: The individual economics of a business or individual
Poverty Causes: Jobs, Family, Bad Choices and Bad Luck, Poverty Causes; Jobs, strong families, good choices and good luck leads to prosperity. Bad choices and bad luck causes poverty, both at the individual level and national level.
City States developed after Mt. Ararat and Babel dispersion and eventually merged to form nations and then empires that eventually broke apart. Mesopotamia-Canaan, Egypt, Indus, China, Crete, Mesoamerica, Peru. Agriculture allowed cities to develop along rivers. Jethro gave Moses first principles of organizational management. Moses and Exodus gave first detailed organized laws of a nation. Hammurabi and Mesopotamian governments, city states in Canaan, Greece. Biblical records gave first historical accounts of Moses, David and the Kings of Israel. Herodotus was one of the first historians and wrote first historical works outside the Bible. Daniel's World Empires: Babylon, Persia, Greece, Rome. Political parties: Pharisees and Sauducees near the time of Christ. Revived Roman Empire: Holy Roman Empire: 800-1800 AD, Independence and World Wars. Fourth Beast: European Powers and United Nations: Britain, Spain, France, Portugal, Japan conquered the World. Then nations broke apart after WW2 and 20th century independence movements.
Government/Economic Systems in World History
Plato (428 BC): Five Types of Government Regimes: Aristocracy (favored), Timocracy, Oligarchy, Democracy, and Tyranny.
Aristotle (384 BC): Forms of Government:
Monarchy (Best) Rule by One= decays to Tyranny, Rule for One (worst)
Aristocracy (Good) Rule by the Best= decays to Oligarchy, Rule for the Few (worse)
Democracy (Poor) Rule by the Many=decays to Mob Rule, Everyone for Themselves (bad)
Jesus Christ: Pay Taxes, Parables of Work, Fulfilled the Law
Paul: Romans 13: respect government authority
Moses Ten Commandments
Wisdom of David, Solomon, Psalms, Proverbs, Ecclesiastes
Famous Modern Economists
Adam Smith (The Wealth of Nations, 1776, 18th century Scottish economist) produced the first modern work or book in economics. Smith is considered the father of modern economics and is still very influential in economics thought today. Smith promoted classical free-market economic theory and believed self-interest and competition led to economic prosperity. Adam Smith's principles led to the development of capitalism. The "Invisible Hand" of free markets guided the economy: Laissez-faire capitalism created demand, thus increasing wages. Supply-side economics.
Karl Marx: (Mid 19th century Prussian-German philosopher) Described Class Struggle: He believed nations develop through class conflict. Ownership-Ruling Class versus Labor Class; Marxism: He believed capitalism will fail and be replaced with socialism. Wrote the Communist Manifesto. His ideas were considered dangerous.
John Maynard Keynes (1930s, 20th century British economist) refuted Adam Smith's classical economics of free markets to develop the economy and believed that aggregate demand was key to economic prosperity for a nation to avoid high unemployment. His ideas led to Keynesian Economics as a response to the Great Depression of the 1930s that impacted not only America but the world. He believed that economics recessions were not self-correcting as the classical economists like Adam Smith thought and must be corrected by government intervention. Keynes predicted that technology would lead to a shorter work week. Demand-side economics. Keynes believed that classical economics of Smith could not explain the Great Depression of the 1930s. Keynes believed the government must create and increase aggregate demand by increasing spending.
Supply-side economics (Classical-Smith) versus Demand-side economics (Keynesian economics)
Milton Friedman (20th century classical economist) While Keynes was the most influential economist of the first half of the 20th century, Friedman was the most influential of the second half of the 20th century. Friedman advocated monetarism.