Question: Explain Robert Prasch's position on Let us recall that finance is not, and never will be, an end in itself. In the jargon of economics,

Explain Robert Prasch's position on "Let us recall that finance is not, and never will be, an end in itself. In the jargon of economics, it is an "intermediate good." Having more homes, doctors, schools, and leisure time can, and should, be considered indices of social and economic progress. A larger financial sector employing more people and soaking up an ever-greater percentage of the nation's GDP is not it is the antithesis"

The Dodd-Frank Act: Financial Reform or Business as Usual?

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer

Step: 1 Unlock blur-text-image

Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock

Step: 3 Unlock

Students Have Also Explored These Related Economics Questions!

Determine the acceleration of the shaft B for = 60 if the crank OA has an angular acceleration = 8 rad/s2 and an angular velocity = 4 rad/s at this position. The spring maintains contact between...

Please analyze and contrast the Introduction and Literature Review of the articles below. Paul Krugman by Jason Briggeman30 Paul Krugman (1953-) was raised on Long Island "in a safe middle-class...

If 12.39 g of Urea (CN_(2)OH_(4)) are produced when 8.87 g of Ammonia react completely with Carbon dioxide gas, what is the percent yield for this reaction? 2NH_(3)(g) + CO_(2)(g) CN_(2)OH_(4)(s) +...

The opportunities and challenges that face the global monetary and capital markets cannot be easily separated. What are your thoughts related to the issues raised in "The Crash" scripts attached and...

ITEM #1 LEARNING FROM THE HEADLINES True to the Learning from the Headlines approach of this course, watch the Part Three Intro Video after you read the short article the video highlights. Notice...

This text was adapted by The Saylor Foundation under a Creative Commons Attribution-NonCommercial-ShareAlike 3.0 License without attribution as requested by the work's original creator or licensee. 1...

2. What should Dr. Lacy recommend be done to avoid similar problems in the future? Northeast Research Laboratory (B) On a Friday morning in late December 1973, Sam Lacy, head of the Physical Sciences...

SUMMARY this article for about 2 pages with single spacing. Thank you. ECONOMETRICS: MEASUREMENT I N ECONOMICS1 I As the first incumbent of a new Chair in this University, I thought that in this...

Warren Buffett?s Annual Shareholder Letter (page numbers for your convenience, but may not be comprehensive) 1. Describe the methods Warren Buffett uses to measure both his own firm?s performance and...

How has the idea of race and practice of racism changed over time? What historical challenges have people presented to racism? Using only the document attack below. \fRacism: A Very Short...

Wesleyan Economic Working Papers http://repec.wesleyan.edu/ No: 2012-006 Closing the Gender Gap: What Would It Take? Joyce P. Jacobsen January, 2012 Department of Economics Public Affairs Center 238...

You are a new teacher and just received a list of the students that will be in your class for the upcoming year. Prior to school starting, what about what you think do you think you should try and...

38) For the reaction: PCIs (g) PCl3 (g) + Cl2 (g) It is observed that greater amounts of PCI3 and Cl2 are produced as the temperature is increased. a) What is the sign of AS for the reaction?...

f ( x ) = x 2 + x is injective in the integer domain.

List average salary of each job. Find the average and sum of all the salaries of each job excluding clerks. Find average and sum of the salaries of each job excluding salesmen', clerk' and 'manager'....

Find the names of Top 10 employees which salaries are highest.

Using the following data go through chapter 2 and develop the requested tasks using a spreadsheet modeling: Race Performance Company Month Qty Costs (000) Sales (000) Jan 15,000 $ 1,250.00 $ 2,340.00...

Direct costs of a project are shown on the following bar chart (see Table P6.2). Assume -> $500 per month indirect cost and 10% retainage with payment time lag of one month. Calculate the project?s...

2. Plate B (which has heat generation) is located between Plate A and Plate e. No heat generation for Plate A and C. Plate A and Plate C are surrounded by liquid which has temperature of 25C and...

Write a program to wish happy birthday to a student. Firstly, take today month and day as an input and secondly take birthday as an input in the form of month and day. If the input day and month...

3. Give an example of a problem or phenomenon in everyday life where information is presented in an emotional way.

6. How can a message directly influence the interpreter?

1. Discuss the following statements: (a) The dangers of mountain driving in an old Lada 4 4, and safety concerns. (b) We perceive the world backwards. (c) Numbers are different from words, but they...