the Economic situation and Covid-19

Prompt: The economic situation in the world now is very different from what it was when the semester started in January and COVID-19 was still, as far as we knew, confined to a localized outbreak in Wuhan. The global public health crisis is intimately intertwined with economics. Economic activity is entwined with the transmission of the coronavirus that causes COVID-19. Distribution of economic resources and patterns of employment shape who is most at risk of contracting the disease and most at risk of suffering a severe or fatal form of the disease. Treating the infected and containing the disease requires a rapid reallocation of resources from the patterns of use common just two months ago – and also requires idling resources that cannot be safely used. None of those whose work we read this semester wrote specifically about the economics of pandemics – even though a number of them lived through serious infectious disease outbreaks. (Marshall, Keynes, Commons, Alexander, Perkins, DuBois and several others all lived through the 1918 flu pandemic, for example.) But we can search their collective body of work for ideas about how to understand our current economic situation. Other people’s perspectives, Sen notes, can “[broaden] our own investigation of relevant principles, for the sake of avoiding an underscrutinized parochialism of values and presumptions in the local community” (p.62). Turning back through the history of economic thought, we meet thinkers who wrote their analyses at times of far lower material standards of living – when Ricardo, in agreement with Malthus, assumed that material deprivation would keep the population in check, for example. Maybe they can help us understand something about lowering our consumption expectations, as we will likely have to do. We meet policymakers like Frances Perkins who worked to enact workplace safety regulations at a time when workers died on the job with grim frequency. Maybe they can help us understand something about how to protect the safety of those whose work we cannot even temporarily do without. We meet a range of thinkers –Beecher, Marx, DuBois, the Women’s Cooperative Guild, the theorists and activists Folbre wrote about in her chapter on the Nanny State, for example – who asked in a wide and wild variety of ways what economic practices could prioritize basic human needs, including the need for care.

In your essay, choose one main work from any part of the class to respond to. (You may use others to amplify or critique your main chosen work.) Connect this work to the COVID-19 pandemic. (You should also draw on current news sources and government-issued public health and economic statistics to document the relevant dimensions of the current crisis.) How does the selection you’ve made from the economic literature help us understand something about the way the pandemic is playing out so far? What ideas does it give us about economic policies that would help us meet our needs during the outbreak and stabilize the economic system (or change the economic system!) once the threat of infection subsides? Are there aspects of this work can’t be applied in this situation?

Homework Paper
Calculate your paper price
Pages (550 words)
Approximate price: -

Why Work with Us

Top Quality and Well-Researched Papers

We always make sure that writers follow all your instructions precisely. You can choose your academic level: high school, college/university or professional, and we will assign a writer who has a respective degree.

Professional and Experienced Academic Writers

We have a team of professional writers with experience in academic and business writing. Many are native speakers and able to perform any task for which you need help.

Free Unlimited Revisions

If you think we missed something, send your order for a free revision. You have 10 days to submit the order for review after you have received the final document. You can do this yourself after logging into your personal account or by contacting our support.

Prompt Delivery and 100% Money-Back-Guarantee

All papers are always delivered on time. In case we need more time to master your paper, we may contact you regarding the deadline extension. In case you cannot provide us with more time, a 100% refund is guaranteed.

Original & Confidential

We use several writing tools checks to ensure that all documents you receive are free from plagiarism. Our editors carefully review all quotations in the text. We also promise maximum confidentiality in all of our services.

24/7 Customer Support

Our support agents are available 24 hours a day 7 days a week and committed to providing you with the best customer experience. Get in touch whenever you need any assistance.

Try it now!

Calculate the price of your order

Total price:
$0.00

How it works?

Follow these simple steps to get your paper done

Place your order

Fill in the order form and provide all details of your assignment.

Proceed with the payment

Choose the payment system that suits you most.

Receive the final file

Once your paper is ready, we will email it to you.

Our Services

No need to work on your paper at night. Sleep tight, we will cover your back. We offer all kinds of writing services.

Essays

Essay Writing Service

No matter what kind of academic paper you need and how urgent you need it, you are welcome to choose your academic level and the type of your paper at an affordable price. We take care of all your paper needs and give a 24/7 customer care support system.

Admissions

Admission Essays & Business Writing Help

An admission essay is an essay or other written statement by a candidate, often a potential student enrolling in a college, university, or graduate school. You can be rest assurred that through our service we will write the best admission essay for you.

Reviews

Editing Support

Our academic writers and editors make the necessary changes to your paper so that it is polished. We also format your document by correctly quoting the sources and creating reference lists in the formats APA, Harvard, MLA, Chicago / Turabian.

Reviews

Revision Support

If you think your paper could be improved, you can request a review. In this case, your paper will be checked by the writer or assigned to an editor. You can use this option as many times as you see fit. This is free because we want you to be completely satisfied with the service offered.