Producers do not want to produce too much, lest there be waste. Consumers do not want to spend too much, because their resources (for most people anyway) are inherently scarce. Hayek makes the point about there being different types of knowledge. I Continue Reading...
chief economic principle that must be confronted in the horrifying picture Steven Brill paints in "Bitter Pill: Why Medical Bills Are Killing Us" is the devastating effect caused by economic monopoly. Brill tiptoes around the issue, and basically de Continue Reading...
social policy and economic policy? Social policy refers to guidelines, principles, legislation and activities that concern the way that humans live and interact. According to the Malcolm Wiener Center for Social Policy at Harvard University it refe Continue Reading...
Globalization and Social/Human Injustices Human slavery/sex trafficking The menace of slavery and trafficking for purpose of sexual exploitation is a menace that greatly neglected or not talked about by the high and mighty yet it is a problem that Continue Reading...
Adam Smith's "The Invisible Hand" in today's Global economy The Global Economy and the Impact of Adam Smith's Theory of "The Invisible Hand" Adam Smith's theory of "The Invisible Hand" is not new by far, but it may have more of an application tod Continue Reading...
Economists Explain the theory of Social Darwinism. What elements of truth are in the theory? How do you refute it? The theory of Social Darwinism is simply asserts that only the fittest survive in the wild or in society as it exists today. Thus, t Continue Reading...
Cass Robert Sunstein was born September 21, 1954 and has a background as an American legal scholar in law, specifically: administrative, environmental, and constitutional law. He also has experience in behavioral economics. Along with time as an Amer Continue Reading...
F.A. Hayek argued that there can be no freedom of press "if the instruments of printing are under government control, no freedom of assembly if the needed rooms are so controlled, no freedom of movement if the means of transport are a government mo Continue Reading...
Capitalism does force us sometimes to make decisions in a context narrower than we need in order to make them morally, socially, environmentally (Rolston, 1988, p. 324). Rolston points to several cases of corporate myopia that was changed as custom Continue Reading...
I agree with the authors that the main problem with capitalism is its lack of an ideological basis, and really its denial of any process by which ideology could be implemented. That is, the basic tenet of the free market concept is that enforced re Continue Reading...
While, the ICTUR is focused on addressing the issues of economic injustice as they related to laborers and labor unions. These distinctions are important, because they underscore the main observation of Hayek, where social equality is nothing more t Continue Reading...
Capitalism Is Moral Questioning the Morality of Capitalism: Moral, Immoral, or Amoral? "To trade by means of money is the code of the men of good will. Money rests on the axiom that every man is the owner of his mind and his effort. Money allows no Continue Reading...
Full creativity allows the production of greater wealth, for a stronger and more evolved society. Further in defense of the moral systems or perceived lack thereof in terms of newly created wealth, D'Souza asserts that most wealth currently created Continue Reading...
Therefore, the welfare of others cannot be relevant to judging what one ought to do. This is a very interesting argument, but it does not establish its conclusion. Although it may be that every human being has a right to preserve his own life, one w Continue Reading...
Thus the dependence of so many people on government handouts is very soon to reach a point of crisis and possible social unrest. Welfare Statism is not only a manifestly politically unjust system. It is also a wholly unsustainable one from the pers Continue Reading...
Response Yes, technology generates problems, and it is shrewd and apt to point out that for every net gain to certain members of society via technology there is a net loss. The hand weavers of the 18th century were put out of business by 19th cent Continue Reading...
Conservatism in America Intellectually, it is indeed correct that post-World War II can be divided into two periods of conservatism: the period which emerged directly after the war (1945-1990) and the period from 1990 onwards. Traditionally as Ball Continue Reading...
Political action in representative republics has been defined over the course of the last several hundred years by the interpretation of classical and enlightenment principles. Among them are liberty, equality, and justice. These principles, deemed " Continue Reading...
Political Philosophy II: Theories of Freedom To answer the questions of why De Tocqueville and Mill think that democracy is a threat to the liberty of the individual and whether they are right, this paper will show that both De Tocqueville and Mill Continue Reading...
Feminism and Liberalism The world of philosophy, political science, and social theory has come a long way since the times during which ancient Greek philosophers created theories according to which the best city state should be constructed and run. Continue Reading...
Social justice is a multifaceted and complex concept that has evolved over time to embody ideals of fairness, equality, and human rights within societies. It encompasses a wide range of issues such as economic equality, access to education, health ca Continue Reading...
Liberalism as an ideology has a long and complex history in politics as well as philosophy. In essence the liberal tradition refers to a system of thought or ideology which emphasizes the concept of freedom and personal liberty as the purpose of gove Continue Reading...
Political Science Politics can very well be defined as the study of who gets what, when and how? The principal reason for such a definition is that politics conflicts between the demands for certain satisfaction and this conflict contributes to the Continue Reading...
Slave Narrative and Black Autobiography - Richard Wright's "Black Boy" and James Weldon Johnson's Autobiography The slave narrative maintains a unique station in modern literature. Unlike any other body of literature, it provides us with a first-han Continue Reading...
Otherwise put, the professor can impact the institutional equilibrium by no longer subjecting to the rules that govern an institution. Directly linked to modifying the rules of equilibrium, the teaching practices can impact the equilibrium by manif Continue Reading...
