415 Search Results for The Ideas of Adam Smith
In other respects, however, the evidence does not readily conform to theoretical predictions. For example, if gross job turnover is taken as a rough proxy for labor market flexibility -- and since stringent EPL reduces both hiring and firing -- it i Continue Reading...
histories of the United States address the matter from a secular point-of-view. The government, the society, the economy and other such matters have been examined and discussed thoroughly but religion and its history has been largely ignored. Religi Continue Reading...
Latin American History
For the first two generations of Latin America's radicals, liberals and democrats, the legacy of the colonial past was a terrible burden that their countries had to overcome in order to achieve progress and social and economic Continue Reading...
The European Union also has its own version for corporate social responsibility. (Landau, 85) Thus the U.S. polity was forced to adapt international opinions and legislate both for the external and internal aspects of its economy. Human rights, labo Continue Reading...
Amartya Sen, a noted scholar in the world of philosophical discussions and interpretations, is presenting counter arguments to John Rawls' approach to a theory of justice. In the process, Sen is also trying to cement his own approach to a theory of Continue Reading...
Mercantilism as a philosophy may be dead, but special interests that lead to trade controls are alive and well (Mercantilism today: how a dead philosophy comes back to life, 2003). Trade controls that affect price and indirectly quantity include tar Continue Reading...
He also related how his small group of friends played tricks with their unwitting neighbors. His friends would set fire on alcohol, rekindled candles blown out, imitate lightning flashes or by touching or kissing and make an artificial spider move ( Continue Reading...
The law, in its present shape, and operating ethically in fact stalls managers and companies from becoming socially accountable. The regulations make business purpose. Enterprises consider their obligation to the common interest involving functionin Continue Reading...
Corporation Changed from Early 19th to 21st Century?
Corporate Change Over Two Centuries
Corporations today manifest a singularity of focus on earnings that enables them to slice unencumbered through consideration for outcomes that do not directly Continue Reading...
Many inquiries were made into the universe, from how it worked to its creation, as well as the construction of a workable calendar and an understanding of numerous illnesses. These collective areas of discussion fall under the term of natural philos Continue Reading...
"Trade union organizers, economic justice advocates, leftists and anyone else who objected to the reforms began to disappear." By the end of his regime, Pinochet may have been responsible for the deaths "of at least 3,000 people and the disappearanc Continue Reading...
Juniors of my old high school,
It has been a great pleasure to receive your letter and notice such a keen interest in economics and politics at your early age. The fact that you are already following the evolution of the presidential race and that Continue Reading...
International economic theories and policies have a double role: to explain and to regulate. On one side, the international economic theories explain the international economical environment where exchanges are produced, as well as general laws that Continue Reading...
How Trade Has Affected SocietiesTrade has tended to bring about peace more often than not. However, to control trade, nations have been willing to go to war. Thus, trade can be seen as a double-edged swordone that cuts both ways throughout history fr Continue Reading...
Enlightenment and Scientific Method
Robert Hollinger, in his essay "What is the Enlightenment?," notes the centrality of science to the "Enlightenment project," as he defines it, offering as one of the four basic tenets that constitute the "basic id Continue Reading...
There are variations on these four schools but, in essence, these four schools dominate the field. These four schools are: Marxist, Kenyesian, Monetarist, and neoclassic.
The Marxist school is built upon the theories and writings of Karl Marx and F Continue Reading...
This essentially means breaking large jobs down into tiny jobs done by expert people. Frederick Taylor's scientific management methods called for optimizing the way that tasks were performed and simplifying the jobs enough so that workers could be t Continue Reading...
Speech to local Chamber of Congress -- Macroeconomic vs. Microeconomic influences today
Let's take a macro view of this problem! Let's take a micro view of this problem! When we use such expressions colloquially, we usually mean taking a large vs. A Continue Reading...
Neoliberal Social Theory
Neoliberalist Theory has been known and defined as a philosophy or thinking that promotes the continuous production and distribution of goods and services, and is adapted after the concept of Neoclassical economy that the e Continue Reading...
The professional manager held ultimate responsibility for construction, while the designer's authority with respect to the client receded. on-site work done by subcontractors was managed by large general contractors who provided the supervising engi Continue Reading...
133).
Marks & Spencer is currently met with a wide array of challenges, among which the emergence of the internationalized economic crisis which reduces the buying powers of the individuals, but also the incremental pressures for sustainable de Continue Reading...
Credit Risk Management
Banks are an important part of the economy of any nation. Traditionally, the banks operate as financial intermediaries serving to satisfy the demand of people in need of various forms of financing. Through this, banks enable p Continue Reading...
The European Historical Perspective, Social Issues and Educational Issues
The European historical perspective has changed from era to era. Europe, which is often called The West, had its foundations laid by the classical philosophers—Socrates, Continue Reading...
Trade: Gains From Trade
Ricardo vs. Smith
Heckscher-Ohlin and the Linder Hypothesis
Problems with Specialization
Benefits of Trade to the United States
Developing World, Trade, and Globalization
Trade: Gains from Trade
The concept of comparati Continue Reading...
Trade Theory
Intra-Industry International Trade
Standard trade theory and its deviations
The classical theory of international trade can be traced back to the founding father of capitalism Adam Smith: Smith's 1776 Wealth of Nations theorized that Continue Reading...
Tail Economics
Book Analysis: The long tail. How endless choice is creating unlimited demand
In the past, economics' was dominated by vendors that sold a large quantity of only one or two items. The Internet has changed the shape of product offeri Continue Reading...
People have to be empowered to become educated and stand up for themselves. Assuming such proactive action will eventually stop the cycle of poverty and "ignite" the path to development.
The question, however, is not "Can poverty can be eradicated? Continue Reading...
.." The Federal Reserve continues to keep a watch on both "current and potential exposures..." And are in the process of a review of the collateral valuation methods of the banking industry." (Kohn, 2008)
Kohn states that disruptions in liquidity in Continue Reading...
As activists in women's liberation, discussing and analyzing the oppression and inequalities they experienced as women, they felt it imperative to find out about the lives of their foremothers -- and found very little scholarship in print" (Women's Continue Reading...
Korea and Taiwan in 1960 had a per capita income no higher than Kenya at the time (CIA, 2007). Now, South Korea's income has moved to the top 12 in the world. Taiwan and Japan experienced similar growth. All three countries benefited primarily from Continue Reading...
Ricardian Model
As the world has been increasingly globalizing, international trade and the different factors that facilitate trade have become of critical importance. Many countries and labour markets receive many benefits from trade and specializa Continue Reading...
They presented the idea that "business firms maximize profit as a means to maximize the utility of their owners. In a word: businessmen maximize profit as a means to maximizing utility, so profit maximization follows from utility maximization" (Orma Continue Reading...
In fact, many of the ideas are taken directly from John Locke's theories, specifically the statement of the right to "life, liberty and the pursuit of happiness."
Specifically, the declaration that "it becomes necessary for one people to dissolve t Continue Reading...
Ethical Leadership
Given the recent crash on Wall Street and the housing market symbolized by corrupt financiers like Bernard Madoff, ethical and moral leadership of corporations has become a major issue for those who study the American capitalist s Continue Reading...
In return, Lincoln denounced Garrison and other abolitionists as "zealots" who would destroy the Union and dismantle the constitution for their cause.
In summary, DiLorenzo challenges the very foundations of classical Lincoln scholarship. He paints Continue Reading...
stakeholder capitalism and shareholder capitalism?
Under what conditions might stakeholder capitalism be superior to shareholder capitalism? Why is this?
How do ideas about how markets economies operate influence the form of corporate governance i Continue Reading...
industry in America are a varied lot, ranging from self-righteous and mean-spirited individualists to community-minded altruists. The tensions among these capitalist types is as evident today as it was in the days when Ayn Rand first penned The Foun Continue Reading...
Business and SocietySince the industrial revolution, business has become somewhat more depersonalized. One of the complaints of Marx was that Industrialization had divorced the laborer from the fruits of his labor: he was no longer connected to the a Continue Reading...