When I travelled to Spain several years ago, I talked with man who lived there. He explained how it was difficult for Spain to export their goods because the Euro was too expensive. This is because countries like Germany
Karl Marx and the Alienation of Labor
Karl Marx’s theory of the alienation of labor is an interesting theory, but it is not based on sound economic principles. In 1844, Karl Marx wrote “Comments on James Mill.” In it, he outlined a concept which is
Directly Selling Cars
Recently, Tesla Inc has been in the news for its cutting edge technology. Tesla has been developing completely battery powered cars at a lower price than has ever been done before. Their new autopilot technology allows for safer and more
Where Did the Jobs Go?
Over the past 40 years, America’s manufacturing industry has been disappearing. Midwestern states have seen massive job losses. Detroit, the automobile capital of the United States, has seen drastic job losses. The job losses have been especially drastic since
Estimating the Effects of Income on Used Car Purchases
The purpose of this assignment was to estimate an Engel curve on used car purchases. Using data from the Bureau of Labor Statistics, I was able to estimate that a $1 increase in income will increase the average amount spent