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Papers On Fiscal Policy
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Milton & Rose Friedman/Free to Choose
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A 5 page book review that summarizes the basic points from Milton and Rose Friedman's classic text Free to Choose. The writer offers a detailed description of some of the arguments that the Friedmans use to defend capitalism and argues that their explanations of economic issues are lucid and easily comprehended by novices to the field of economics, which provides an invaluable service. No additional sources cited.
Filename: khmrfftc.rtf

Minimum Wage Laws and Their Historical Effects
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12 pages in length. A look at the minimum wage laws and what the actual effect is on the unemployment rates. Considers the philosophical-constitutional issues as well as the economic logic surrounding the minimum wage laws. Bibliography lists 6 sources.
Filename: JGAmwage.wps

Monetary Policy Effect on Business Results
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A 3 page paper discussing the effect that actions of the Federal Reserve Board has on businesses’ financial performance. The effect is linked to the business cycle and the economy’s current position within it so that businesses can expect more positive results during times that interest rates are rising. Bibliography lists 2 sources.
Filename: KSfinFedActBus.rtf

NEW DEAL AND INDIVIDUALISM
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This 8-page paper covers the following topics: Roosevelt's New Deal and the arrangements he made with labor, agriculture and business; the games that are peculiar to Americans, and how the idea of individualism was at cross purposes with Roosevelt's New Deal; why Eisenhower had to turn to Congress for help with the Federal Interstate Highway Act and finally, how the political system works in tandem with economic growth. Bibliography lists 2 sources.
Filename: MTnewdind.rtf

NEW YORK FISCAL CRISIS – 1970S AND 2000S
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This 5-page paper examines the causes of the fiscal crisis in New York City during the 1970s and 2000s. The paper also discusses what impact these crises have had, as well as how the unions have impacted the crisis policy. Bibliography lists 3 sources.
Filename: MTnyficr.rtf

Peter Schrag/Paradise Lost, Decline in CA
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A 3 page book review that focuses on Schrag's principal thesis in his text, Paradise Lost, California's Experience, America's Future (1999). According to Schrag, at one time, California was very close to being perfect. It had good schools, good roads, a welcoming atmosphere and believed in a progressive future. However, that was roughly thirty to forty years ago, and today everything has changed. Schrag's basic thesis is that the quality of life in California has been steadily declining over the last several decades and that the culprit for this degeneration is the "orgy" of "voter initiatives" that have caused the consistent erosion of public services (Schrag 9). No additional sources cited.
Filename: khsch1.rtf

Policy and Politics in State Budgeting
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This 8 page paper provides an overview of the budgeting process in state governments, which is inextricably linked to political processes and policy determinations that in turn define budgetary directives. Political theorists and budget analysts have suggested the policies dictate elements of the budgetary process, but the availability of fiscal support and the support within the budget development process may in fact determine whether specific policies remain. This paper considers these issues. Bibliography lists 8 sources.
Filename: MHBudg4.rtf

Price Equilibrium & Price Controls
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A 9 page research paper that examines the topic of price equilibrium as affected by price controls. This discussion, first of all, looks at the processes of supply and demand and how equilibrium price and output are defined and established. Then, this information is applied to the question of price controls and what would be the likely consequences of the government attempting through price regulation to change market equilibrium prices, using two recent examples, the energy crisis in California and the ongoing national debate concern the price of prescription drugs. Bibliography lists 4 sources.
Filename: khpricon.rtf

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