Europe and Asia Annotated Bibliography Example | Topics and Well Written Essays - 1500 words

Europe and Asia - Annotated Bibliography Example ecause it portrays the events that have characterized the buildup of the labor party and how its governments have fared on in the last one hundred years. Perhaps as a surprise to many people, Keith actually spells out the fact that initially the labor party was not a political party but as a trade union. Throughout the one hundred years, the labor party has managed to from governments for about four times. The first one according to Keith was in 1924 to the 1931 due to the strong membership of the workers at that time. Through various ups and downs, the party was able to create a huge impact not only Britain but also in the globe more especially when Tony Blair took office in 1997 landslide victory. The writer takes the mind of his readers in a step by step journey through which the party has evolved over time to become what it was at the beginning of 2000. Perhaps other writers can take a cue from Keith to document what has happened to the party since then to date. The writer is a professor of history at the University of Wisconsin with a vast experience in political parties and individuals throughout the world. In this work he looks at various aspects that makes Mao Tse Tung (Mao Zedong) one of the most respected historical figures in Chinese History. In this 222-page read, Meisner also portrays some information about Zedong which are rarely told hence a balanced account of the happenings. The book depicts the early life of this great life by showing the picture of a young man of a poor peasant farmer in Hunan province of china who rose to become a successful politician to the extent of being equated to a cult of a person. His political ideologies that were aimed at balancing the aspects of imperialism and feudalism in both the social and political environment gave him a liking amongst his people. However, this did not come on a silver platter because at one point he is said to have fled the place because of his radical views. As matter of fact, he had

Explain what meant by the term Ricardian Equivalence. Does it meant Essay

Explain what meant by the term Ricardian Equivalence. Does it meant that public debit does not matter Discuss - Essay Example It suggests that debt management systems that a government uses cannot affect the total demand in an economy. As a result, the public will continuously save its excess monetary incentives to cater for the future increase in tax obligation. The theory has been instrumental in several nations including US in the management of economic complications such as inflation. It provides basic incentives and guidelines that enable investors in various economies to embrace the applications. However, it has been exposed to criticism from various scholars and individuals who question credibility. The stakeholders state that the theory is full of suppositions and assumptions but lack factual guidelines. They affirm that it cannot provide factual solutions to the current economic dynamics. The meaning of  Ricardian Equivalence, discussion on public debit and its relevance to economist Ricardian equivalence theory holds that consumers in various economic set ups are continuously internalizing their government budget constraints. Economically, the theory has real budget constraints and functions that represent expenditure in various fiscal or economic periods as determined by a government. Normally, the constraints are given in two periods (period1 and 2). They give a credible procedure of how government expenditure is arrived at and how key functions that include interest rate and value of holdings affect expenditure rates. g1 + b1 = (1+r) b0 + t1 and g2 + b2 = (1+r) b1 + t2. As indicated g1 and g2 are key denotations of government spending in both periods while t1 and t2 denote real tax revenue that a government is able to collect within the periods. Consequently, b0, b1 and b2 represent the value of the real asset holdings that a government has at the end of the periods. As usual r represent the real interest rate between the fiscal periods or period one and two respectively. These constrains gives a clear understanding on how government expenditure and allocation of resour ces is done. It also facilitates the understanding of the contribution of each element in calculating government expenditure. This empowers them to evade the effects of any tax changes that may obstruct their spending competence. Tax variations do not affect demand levels because consumers make adequate preparations to counter the effects of tax increases. The theory suggests that it is no longer an economic issue if an administration finances its costs with debt or tax raise (Ghosh & Ghosh 2008 p. 279). This is recommendable according to the theory because the sources of finance cannot affect the level of demand for various securities and other commodities in a fiscal system. This explains why public debt remains a key source of debt finance. It ensures that consumers are cushioned from the effects of economic hostilities. Indeed, the theory emphasizes the imperativeness of debt financing and increase in taxation in ensuring the achievement of balanced economy. Its development enab led economists to manage the balance of recompense deficit effectively. This is essential in ensuring that a country operates within its limits and strengthens its internal resource enlistment sectors. It also ensures that consumers and investors continuously study how budget is run, and make capital reserve for future tax increases (Ghosh & Ghosh 20