EconGuru Economics Guide http://www.econguru.com Your premium source of Economics and Finance knowledge Mon, 05 May 2008 01:41:14 +0000 http://wordpress.org/?v=2.2.1 en Who gives transfer payments? http://www.econguru.com/who-gives-transfer-payments/ http://www.econguru.com/who-gives-transfer-payments/#comments Mon, 05 May 2008 01:36:07 +0000 admin http://www.econguru.com/who-gives-transfer-payments/ Transfer payments are given by government of various levels to under-privileged society members like unemployed workers, the elderly who’s unable to maintain a decent life by inability to work and such.

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]]> http://www.econguru.com/who-gives-transfer-payments/feed/ Current GDP, GNP of United States and other countries http://www.econguru.com/current-gdp-gnp-of-united-states-and-other-countries/ http://www.econguru.com/current-gdp-gnp-of-united-states-and-other-countries/#comments Sun, 04 May 2008 09:32:19 +0000 admin http://www.econguru.com/current-gdp-gnp-of-united-states-and-other-countries/ As of the most up to date data from authoritative sources such as International Monetary Fund, World Bank and CIA World Fact Book, below is the worldwide nations ranked by GDP. United States is ranked second immediately after EU with a GDP of more than 13,000 billions in 2007. (more…)

]]> http://www.econguru.com/current-gdp-gnp-of-united-states-and-other-countries/feed/ Causes of Economic Recession http://www.econguru.com/causes-of-economic-recession/ http://www.econguru.com/causes-of-economic-recession/#comments Sun, 04 May 2008 07:53:40 +0000 admin http://www.econguru.com/causes-of-economic-recession/ United States GDP fluctuation from 1920 to 1940, the Great Depression period. A recession is slighter in effect. (more…)

]]> http://www.econguru.com/causes-of-economic-recession/feed/ Second Memoir: Letter to M. Blanqui on Property http://www.econguru.com/second-memoir-letter-to-m-blanqui-on-property/ http://www.econguru.com/second-memoir-letter-to-m-blanqui-on-property/#comments Thu, 01 May 2008 03:38:36 +0000 admin http://www.econguru.com/second-memoir-letter-to-m-blanqui-on-property/ MONSIEUR,– Before resuming my “Inquiries into Government and Property,” it is fitting, for the satisfaction of some worthy people, and also in the interest of order, that I should make to you a plain, straightforward explanation. In a much-governed State, no one would be allowed to attack the external form of the society, and the groundwork of its institutions, until he had established his right to do so,–first, by his morality; second, by his capacity; and, third, by the purity of his intentions. Any one who, wishing to publish a treatise upon the constitution of the country, could not satisfy this threefold condition, would be obliged to procure the endorsement of a responsible patron possessing the requisite qualifications.

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]]> http://www.econguru.com/second-memoir-letter-to-m-blanqui-on-property/feed/ Chapter V: Psychological Exposition of the Idea of Justice and In Justice, and a Determination of the Principle of Government and of Right — Part II http://www.econguru.com/chapter-v-psychological-exposition-of-the-idea-of-justice-and-in-justice-and-a-determination-of-the-principle-of-government-and-of-right-part-ii/ http://www.econguru.com/chapter-v-psychological-exposition-of-the-idea-of-justice-and-in-justice-and-a-determination-of-the-principle-of-government-and-of-right-part-ii/#comments Thu, 01 May 2008 03:37:28 +0000 admin http://www.econguru.com/chapter-v-psychological-exposition-of-the-idea-of-justice-and-in-justice-and-a-determination-of-the-principle-of-government-and-of-right-part-ii/ Part Second

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]]> http://www.econguru.com/chapter-v-psychological-exposition-of-the-idea-of-justice-and-in-justice-and-a-determination-of-the-principle-of-government-and-of-right-part-ii/feed/ Chapter V: Psychological Exposition of the Idea of Justice and In Justice, and a Determination of the Principle of Government and of Right — Part I http://www.econguru.com/chapter-v-psychological-exposition-of-the-idea-of-justice-and-in-justice-and-a-determination-of-the-principle-of-government-and-of-right-part-i/ http://www.econguru.com/chapter-v-psychological-exposition-of-the-idea-of-justice-and-in-justice-and-a-determination-of-the-principle-of-government-and-of-right-part-i/#comments Thu, 01 May 2008 03:36:56 +0000 admin http://www.econguru.com/chapter-v-psychological-exposition-of-the-idea-of-justice-and-in-justice-and-a-determination-of-the-principle-of-government-and-of-right-part-i/ Part First

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]]> http://www.econguru.com/chapter-v-psychological-exposition-of-the-idea-of-justice-and-in-justice-and-a-determination-of-the-principle-of-government-and-of-right-part-i/feed/ Tenth Proposition: Property is impossible, because it is the Negation of equality. http://www.econguru.com/tenth-proposition-property-is-impossible-because-it-is-the-negation-of-equality/ http://www.econguru.com/tenth-proposition-property-is-impossible-because-it-is-the-negation-of-equality/#comments Thu, 01 May 2008 03:36:24 +0000 admin http://www.econguru.com/tenth-proposition-property-is-impossible-because-it-is-the-negation-of-equality/ The development of this proposition will be the resume of the preceding ones.

1. It is a principle of economical justice, that PRODUCTS ARE BOUGHT ONLY BY PRODUCTS. Property, being capable of defence only on the ground that it produces utility, is, since it produces nothing, for ever condemned.

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]]> http://www.econguru.com/tenth-proposition-property-is-impossible-because-it-is-the-negation-of-equality/feed/ Ninth Proposition: Property is impossible, because it is powerless against Property. http://www.econguru.com/ninth-proposition-property-is-impossible-because-it-is-powerless-against-property/ http://www.econguru.com/ninth-proposition-property-is-impossible-because-it-is-powerless-against-property/#comments Thu, 01 May 2008 03:36:02 +0000 admin http://www.econguru.com/ninth-proposition-property-is-impossible-because-it-is-powerless-against-property/ I. By the third corollary of our axiom, interest tells against the proprietor as well as the stranger. This economical principle is universally admitted. Nothing simpler at first blush; yet, nothing more absurd, more contradictory in terms, or more absolutely impossible.

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]]> http://www.econguru.com/ninth-proposition-property-is-impossible-because-it-is-powerless-against-property/feed/ Eighth Proposition: Property is impossible, because its power of Accumulation is infinite, and is exercised only over finite quantities. http://www.econguru.com/eighth-proposition-property-is-impossible-because-its-power-of-accumulation-is-infinite-and-is-exercised-only-over-finite-quantities/ http://www.econguru.com/eighth-proposition-property-is-impossible-because-its-power-of-accumulation-is-infinite-and-is-exercised-only-over-finite-quantities/#comments Thu, 01 May 2008 03:35:35 +0000 admin http://www.econguru.com/eighth-proposition-property-is-impossible-because-its-power-of-accumulation-is-infinite-and-is-exercised-only-over-finite-quantities/ If men, living in equality, should grant to one of their number the exclusive right of property; and this sole proprietor should lend one hundred francs to the human race at compound interest, payable to his descendants twenty-four generations hence,–at the end of six hundred years this sum of one hundred francs, at five per cent., would amount to 107,854,010,777,600 francs; two thousand six hundred and ninety-six and one-third times the capital of France (supposing her capital to be 40,000,000,000), or more than twenty times the value of the terrestrial globe!

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]]> http://www.econguru.com/eighth-proposition-property-is-impossible-because-its-power-of-accumulation-is-infinite-and-is-exercised-only-over-finite-quantities/feed/ Seventh Proposition: Property is impossible, because, in consuming its Receipts, it loses them; in hoarding them, it nullifies them; and in using them as Capital, it turns them against Production. http://www.econguru.com/seventh-proposition-property-is-impossible-because-in-consuming-its-receipts-it-loses-them-in-hoarding-them-it-nullifies-them-and-in-using-them-as-capital-it-turns-them-against-production/ http://www.econguru.com/seventh-proposition-property-is-impossible-because-in-consuming-its-receipts-it-loses-them-in-hoarding-them-it-nullifies-them-and-in-using-them-as-capital-it-turns-them-against-production/#comments Thu, 01 May 2008 03:35:18 +0000 admin http://www.econguru.com/seventh-proposition-property-is-impossible-because-in-consuming-its-receipts-it-loses-them-in-hoarding-them-it-nullifies-them-and-in-using-them-as-capital-it-turns-them-against-production/ I. If, with the economists, we consider the laborer as a living machine, we must regard the wages paid to him as the amount necessary to support this machine, and keep it in repair. The head of a manufacturing establishment–who employs laborers at three, five, ten, and fifteen francs per day, and who charges twenty francs for his superintendence–does not regard his disbursements as losses, because he knows they will return to him in the form of products. Consequently, LABOR and REPRODUCTIVE CONSUMPTION are identical.

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