"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...
e., by exploiting the working class and appropriating the "surplus value" produced by the working class for himself. (Marx, "The Production of Absolute Surplus-Value") the working class is forced to work for the capitalist since in the "Capitalist" s 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...
Pharmaceutical industries have to operate in an environment that is highly competitive and subject to a wide variety of internal and external constraints. In recent times, there has been an increasing trend to reduce the cost of operation while compe 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...
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...
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...
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...
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...
Sociological Theory Sociology as a field of study entails examining and understanding the behavior of human groups and associated social behavior. In understanding these aspects, the sociologists have, their focus primarily concentrated on the human Continue Reading...
Commodities Are Inherently Morally Bad Karl Marx (1844), imagines of a society where relationships are valuable than money and goods, claiming that this would be a supeiror society. The world today has been preoccupied with acquisition of wealth lea Continue Reading...
Immigration issues have been hot in the media ever since the Obama administration proposed to change the immigration rules in the U.S. earlier this year. The current rule states that illegal immigrants need first to leave the country before they can 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...
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...
Northrop Frye recognized this fact but believed that the satire missed its mark: It completely misses the point as satire on the Russian development of Marxism, and as expressing the disillusionment which many men of good-will feel about Russia. Th 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...
innovations in agricultural technologies, the dire predictions of global famine made by Stanford University Professor Paul R. Ehrlich in his book, The Population Bomb (1968) have not materialized to date. Nevertheless, hunger continues to persist in 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...
Self-Interest: Is it Good or Bad for the Economy? Self-Interest, Does it Produce Wealth and Create Jobs? There has been raging debate amongst economists on whether or not self-interest really promotes economic growth. In 1776, Adam Smith, the fathe Continue Reading...
international trade the theories of absolute and comparative advantage are important. The concept of absolute advantage is seen in the trade theories of Adam Smith, originally published in 1776, where it was argued that countries should produce the Continue Reading...
security behavior, a concept that touches on the behavior of consumers in regard to information technology systems is an important one to the global IT industry. Johnston and Warkentin (2010) for instance studied the influence of elements of fear ap 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...
Secondly, the projects are diverted away from its target population because state institutions of these poor countries tend to be weak and inefficient. And in the process, we only encounter the "iron law of political economy" in which the resources Continue Reading...
Banks have thus the role of distributing these products to their customers. Added to that in the international arena banks are dealing more with derivatives and foreign exchange, making the role of the bank far more important in the overall well bei 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...
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...
Business Ethics Evolution Of Business Ethics The success of any organization largely relies on the adoption of strategies that ensure conformity to the stated organizational and legal requirements. The adopted strategies should also focus on promot 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...
American System Henry Clay gave his famous speech in support of the American System to the House of Representatives in 1824, although Alexander Hamilton had used the same term decades before. It rested "on the idea of harmonizing all the segments of 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...
Essay Topic Examples 1. Impact of Enlightenment Philosophers on the Ideals of the French Revolution: This essay could explore how Enlightenment thinkers such as Voltaire, Rousseau, and Montesquieu inspired the principles and r 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...
SOCIAL RESPONSIBILITIES OF THE FIRMSocial Responsibilities of the FirmIntroductionIn the realm of economics, corporate social responsibility (CSR) happens to be a crucial managerial economics concept. This is more so the case given that the implicati Continue Reading...
Gonzales (2017) notes that emerging nations are calling for the WTO to support inclusive globalization: “The Philippines, together with the Friends of MSMEs, is seeking appropriate arrangements within the existing framework of the WTO and rele 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...
