What contributes to the prosperity of the economy of a country or ruins it?

[frenchn00b]

What are the rules for the prosperity of the economy of a country.
What can eventually ruins it?

How is going the markets situation today?

[Psumi]

Write your own essay. ;)

[koshatnik]

Write your own essay. ;)

Haha.

[NCLI]

Too many opposing views on this. I won't give mine as it might trigger a political debate :p

[Tibuda]

There's no agreement about this. Some good reading:

- An Inquiry into the Nature and Causes of the Wealth of Nations (http://www.amazon.com/Wealth-Nations-Bantam-Classics/dp/0553585975/ref=sr_1_1?ie=UTF8&s=books&qid=1259421349&sr=1-1), by Adam Smith
- The Principles of Political Economy and Taxation (http://www.amazon.com/Principles-Political-Economy-Taxation-Editions/dp/0486434613/ref=sr_1_1?ie=UTF8&s=books&qid=1259422508&sr=1-1), by David Ricardo
- An Essay on the Principle of Population (http://www.amazon.com/Principle-Population-Oxford-Worlds-Classics/dp/0192837478/ref=sr_1_2?ie=UTF8&s=books&qid=1259422519&sr=1-2), by Thomas Malthus
- The Capital: a critique of political economy (http://www.amazon.com/Capital-Critique-Political-Economy-Classics/dp/0140445684/ref=sr_1_4?ie=UTF8&s=books&qid=1259421666&sr=1-4), by Karl Marx
- The Protestant Ethic and the Spirit of Capitalism (http://www.amazon.com/Protestant-Ethic-Spirit-Capitalism-Twentieth-Century/dp/0140439218/ref=sr_1_1?ie=UTF8&s=books&qid=1259422178&sr=1-1), by Max Weber
- Toward A Theory Of Economic Growth (http://www.amazon.com/Toward-Theory-Growth-Kuznets-Simon/dp/0393004295/ref=sr_1_1?ie=UTF8&s=books&qid=1259423077&sr=1-1), by Simon Kuznets
- The General Theory of Employment, Interest and Money (http://www.amazon.com/General-Theory-Employment-Interest-Money/dp/144867185X/ref=sr_1_2?ie=UTF8&s=books&qid=1259422099&sr=1-2), by John Maynard Keynes
- The Theory of Economic Development: An Inquiry into Profits, Capital, Credit, Interest, and the Business Cycle (http://www.amazon.com/Theory-Economic-Development-Interest-Business/dp/0878556982/ref=sr_1_2?ie=UTF8&s=books&qid=1259421372&sr=1-2) by Joseph Schumpeter
- Capitalism, Socialism and Democracy (http://www.amazon.com/Capitalism-Socialism-Democracy-Joseph-Schumpeter/dp/0061561614/ref=sr_1_1?ie=UTF8&s=books&qid=1259421731&sr=1-1), also by Joseph Schumpeter (this is my favorite)
- An Evolutionary Theory of Economic Change (http://www.amazon.com/Evolutionary-Theory-Economic-Change-Belknap/dp/0674272285/ref=sr_1_1?ie=UTF8&s=books&qid=1259422791&sr=1-1), by Nelson & Winter
- Asian Drama: An Inquiry Into The Poverty of Nations (http://www.amazon.com/Asian-Inquiry-Poverty-Nations-Volumes/dp/B000J68PES/ref=sr_1_8?ie=UTF8&s=books&qid=1259421806&sr=1-8), by Gunnar Myrdal
- Development as Freedom (http://www.amazon.com/Development-as-Freedom-Amartya-Sen/dp/0385720270/ref=sr_1_3?ie=UTF8&s=books&qid=1259422412&sr=1-3), by Amartya Sen
- O Mito do Desenvolvimento Econômico (http://www.amazon.com/O-Mito-Do-Desenvolvimento-Economico/dp/B000FMIB0Y/ref=sr_1_19?ie=UTF8&s=books&qid=1259421436&sr=1-19), by Celso Furtado (portuguese, it means "The Myth of Economic Development")
- Creatividade y dependencia (http://www.amazon.com/Creatividad-dependencia-Economia-demografia-Spanish/dp/9682305160/ref=ntt_at_ep_dpt_7), also by Celso Furtado (spanish, it means "Creativity and dependency")

[ZankerH]

Write your own essay. ;)


haha, /thread.

[steveneddy]

What are the rules for the prosperity of the economy of a country.
What can eventually ruins it?

How is going the markets situation today?

opinion/

Basically a country needs to allow banks to lend money to business and individuals at reasonable interest rates to spur the growth of business, new business and allow consumers to acquire needed goods and services.

A country that wants to grow their economy needs to help businesses acquire moneys to operate and grow business in various communities, therefore generating more tax revenue for the government and keeping personal taxes to the individuals of that country to a minimum so that you allow them to have money to spend, thus generating more tax revenue for said government.

Government must not tax the businesses and individuals to the point that you cannot generate new business, hire new employees and cause individuals to not spend moneys they earn, thus decreasing tax revenue to the government.

Capitalism works well in the US because generally the US helped small and medium businesses start, grow and prosper. This grows local economies and will generate tax revenues for local and surrounding communities.

I do not think that the current administration in the US shares in these basic views of business and economy that has made us so successful as a county in the past.

/opinion

[koenn]

opinion/

I do not think that the current administration in the US shares in these basic views of business and economy that has made us so successful as a county in the past.

/opinion
you really should have left this out of it - you've brought politics into it, because some people will feel an urge to respond to this.
Me, for starters :)

Your country has a trade deficit the size of a small disaster, and a couple of pretty spectacular financial crises to look back to. I'm not too sure about the effectiveness of those "basic views of business and economy that has made us so successful as a county in the past".


For the rest of your opinion, you cover only a small fraction of how economics work, and whether what you suggest would actually work, depends entirely on the bigger picture, which is lacking from your post.

Maybe read some of the books danielrmt pointed to.

[Ric_NYC]

Education.

[bapoumba]

Please keep the political discussions some place else. Closing here, sorry.