Article on Economics: A Critique
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Running head: ARTICLE ON ECONOMICS: A CRITIQUE
ARTICLE ON ECONOMICS: A CRITIQUE
Name of the student
Name of the University
Author Note
ARTICLE ON ECONOMICS: A CRITIQUE
Name of the student
Name of the University
Author Note
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Macroeconomics is a separate set of economic theories that are concerned with the large
scale and general economic factors that are operating and being operated throughout the greater
world, for instance, economic factors and policies of a nation, in between one or more than one
nations, international and transnational economic concepts (Agénor and Montiel 2015). It also
includes study of global and national interest rates and national along with international
productivity discourses and measures. The respective essay is a discourse, analysis and an
introspective critique of the article from Harvard Business Review named “Our approach to
economic growth isn’t working” (Harvard Business Review 2019). It talks about the fiscal
policies taken up by the government of the United States of America, its failure, the causes of the
failure and the consequences thereafter.
The article talks about the limitations of fiscal policies taken up by the United States
government and it also recommends the government of United States to focus more on the
productivity of the economy rather than bringing in plethora of economic reforms in fiscal
policies which tends to get obsolete in the fierce global competitive market. The most important
issues that the article covers are: 1. the need and significance of productivity in the global market
which is the key factor of growth and development of a nation’s economy 2. The significance of
fiscal policies backed up by productivity schemes which can be a major reason for a nation’s
growth, 3. The effects of insignificant and obsolete fiscal policies of a nation that can be both
negative and harmful for the particular nation in terms of economic and financial growth and
development. In the beginning of the article, the author talks about the productivity of the United
States that had subsequently been downtrodden and has been essentially stagnant since the
backdrop of the period of recession. The author highlights the important of productivity of the
economic arena of the United States because he believes that productivity is the most important
Macroeconomics is a separate set of economic theories that are concerned with the large
scale and general economic factors that are operating and being operated throughout the greater
world, for instance, economic factors and policies of a nation, in between one or more than one
nations, international and transnational economic concepts (Agénor and Montiel 2015). It also
includes study of global and national interest rates and national along with international
productivity discourses and measures. The respective essay is a discourse, analysis and an
introspective critique of the article from Harvard Business Review named “Our approach to
economic growth isn’t working” (Harvard Business Review 2019). It talks about the fiscal
policies taken up by the government of the United States of America, its failure, the causes of the
failure and the consequences thereafter.
The article talks about the limitations of fiscal policies taken up by the United States
government and it also recommends the government of United States to focus more on the
productivity of the economy rather than bringing in plethora of economic reforms in fiscal
policies which tends to get obsolete in the fierce global competitive market. The most important
issues that the article covers are: 1. the need and significance of productivity in the global market
which is the key factor of growth and development of a nation’s economy 2. The significance of
fiscal policies backed up by productivity schemes which can be a major reason for a nation’s
growth, 3. The effects of insignificant and obsolete fiscal policies of a nation that can be both
negative and harmful for the particular nation in terms of economic and financial growth and
development. In the beginning of the article, the author talks about the productivity of the United
States that had subsequently been downtrodden and has been essentially stagnant since the
backdrop of the period of recession. The author highlights the important of productivity of the
economic arena of the United States because he believes that productivity is the most important
2ARTICLE ON ECONOMICS: A CRITIQUE
factor of an overall economic welfare, which is one of the very reasons for the increase of
income of people and improvement of their standards of living. He argues that the monetary
policies taken up by the government of the US is actually assumed to be a little more enhanced
than business cycle stabilization policy, which means that the economic department of the US
government is actually not working properly in terms of productivity and growth, rather, it is
focusing more on survival of the economy of the US which is one of the most important reason
why the market of the United States is not growing in every dimension. He suggests through his
article that the economic policymakers of the United States should now reasonably focus on
productivity which is technologically oriented and driven, and the private and public investments
of finance in the United States should try to focus more on the main factors and catalysts of
growth, such as, research and development, infrastructure building, a strong and robust
investment in machinery, raw materials, human capital, skills and so on.
The respective article approaches a macroeconomic concept of economic re-
establishment of the United States within the context of global market. Macroeconomics is a
concept in the field of economics that deals with large scale and general economic factors and
variables, for example, interest rate, national productivity and fiscal policy. The respective article
highlights on the problems with the policies of economic changes, fiscal transactions and reforms
in the context of the United States. The author argues that monetary and fiscal policies are
insufficient to change productivity growth of a country but can bring economic stability in case
of short-term investments and consumption.
The author of the article provides with certain recommendations to bring about a
significant change in the economic arena of the United States by accelerating the aspects of
productivity of the country. For instance, he suggests that the first and foremost move would be
factor of an overall economic welfare, which is one of the very reasons for the increase of
income of people and improvement of their standards of living. He argues that the monetary
policies taken up by the government of the US is actually assumed to be a little more enhanced
than business cycle stabilization policy, which means that the economic department of the US
government is actually not working properly in terms of productivity and growth, rather, it is
focusing more on survival of the economy of the US which is one of the most important reason
why the market of the United States is not growing in every dimension. He suggests through his
article that the economic policymakers of the United States should now reasonably focus on
productivity which is technologically oriented and driven, and the private and public investments
of finance in the United States should try to focus more on the main factors and catalysts of
growth, such as, research and development, infrastructure building, a strong and robust
investment in machinery, raw materials, human capital, skills and so on.
The respective article approaches a macroeconomic concept of economic re-
establishment of the United States within the context of global market. Macroeconomics is a
concept in the field of economics that deals with large scale and general economic factors and
variables, for example, interest rate, national productivity and fiscal policy. The respective article
highlights on the problems with the policies of economic changes, fiscal transactions and reforms
in the context of the United States. The author argues that monetary and fiscal policies are
insufficient to change productivity growth of a country but can bring economic stability in case
of short-term investments and consumption.
The author of the article provides with certain recommendations to bring about a
significant change in the economic arena of the United States by accelerating the aspects of
productivity of the country. For instance, he suggests that the first and foremost move would be
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