Contemporary Theories of Political Economy Essay - 1

Contemporary Theories of Political Economy - Essay Example He proceeds thus in virtue of his taxonomic approach to the characterisation of an essence which he inherits from his biology: a sentence characterising an essence of an entity of a particular kind standard has the form of a noun phrase indicating a genus modified by an adjectival phrase that expresses the differentiae, the properties that are peculiar to that kind. (Fukuyama, 82-113) The chrematistic art of acquisition, because it involves acquisition of objects not for their "proper and peculiar" properties, is, for Aristotle, "unnatural" for humans, and hence to be held in check. It needs to be held in check, however, because it is the normal developmental outcome of exchange. The essential nature of market exchange is revealed for Aristotle in its developed "unnatural" form (Frank, 213-268). In this final state the dispositional properties of markets are exhibited. The most significant of these for Aristotle is the particular moral character it tends to produce: Aristotle's political theory is by and large concerned with the tendency of different social and political institutions to issue in different virtues and vices. The market, where its development is unchecked, tends to issue not in the virtues constitutive of a flourishing human life, but in the vice of pleonexia, the disposition to want more than is proper. (Marx & Fowkes, 347-574) Distinctions and influences Aristotle's essentialism is a complex of claims that are logically independent of one another. One might accept his basic distinction between the essential and accidental properties of an object without accepting the further teleological specification of essences in terms of normal patterns of development. Indeed it is worth noting that the example of essentialist descriptions of copper I used in section A does not conform to the Aristotelian teleological model. Likewise one might accept essentialism in its basic form without accepting his particular taxonomic approach to the specification of essences. Again, it is possible to adopt an essentialist position in either its basic form or its teleological elaboration for entities in the natural world, but to reject it for the social world. (Fukuyama, 82-113) One might accept essentialism about social institutions generally and markets in particular, but reject the teleological elaboration of essentialism that Aristotle offers. The options open to the "essentialist" are much more varied and complex than recent anti-essentialist caricatures of the position allow (Frank, 213-268). The picture of Aristotle's influence on subsequent essentialist thought about social institutions in general and the market in particular is similarly complex. Both Aristotle's essentialism and his discussion of the market have had a large influence on philosophical and economic thought. Aristotelian essentialism, as far as description of the natural world is concerned, has had a long-standing influence and indeed has recently undergone something of a revival. (Fukuyama, 82-113) In the social realm it is possible to find theorists, most notably Hegel and Marx, who self-consciously defend Aristotle's essentialism in its full teleological form. Aristotle's discussion of th

Inductive and deductive reasoning Essay Example | Topics and Well Written Essays - 1500 words

Inductive and deductive reasoning - Essay Example They act as a form of representation of the people at work (Brock &Â  Lipsky, 2003). These unions seem like a better place for the public workers to engage in collective bargaining in order to gain their fundamental needs. Over the last years, there have existed a number of key transformations in the economy and the industries. A large number of people are either without employment or they toil under the continuous intimidation of joblessness. These groups act on most cases on behalf of the union members. Through the management of the unions, the associates are able to pass their claims and needs to their employer as one voice (Cihon & Castagnera, 2011). This brings up the system of collective bargaining in that the union takes up the role of negotiating with the employer in order for them to offer a good deal to the workers. These forms of collective bargaining are aimed at coming to a point that the working state of the employees is regulated. The old, working outlines have been f orgotten. People are now working under different conditions, like short term contracts, temporary or part-time (Brock &Â  Lipsky, 2003). ... A single employer cannot have control on some of the most crucial characteristics of their lives, for example, their working place. However, when the public workers get an opportunity to join the unions, they gain an upper hand in accomplishing democracy in the workplace. Their voice as one influences the founding of the regulations that have power over them (Cihon & Castagnera, 2011). Deductive reasoning is a form of research that works from a universal point of view to a precise point. On the other hand, inductive reasoning works in the converse way it moves from definite examination to broader overview (Wiley, 2013). Argument The workers undergo difficult problems, and they are not in a position to raise their concerns to the managers. These ranges from low payment, practices of labor that are exceedingly poor, unsafe working conditions and tough policies et cetera. In other occasions, the employer may become hostile to the workers and because the personnel are under the manager t hey have no power to complain as individuals (Brock &Â  Lipsky, 2003). Majority of the workforce has been pushing for union representation (Brock &Â  Lipsky, 2003). They want to be represented in the negotiations that look upon their wages, working hours and other conditions that align with their employment; like safety from sucking without good reason (Wiley, 2013). The union will ensure that each employer has equal rights in their workplace as others. It shall ensure prosperity in the livelihood of people. This protects the wellbeing and offers security to the staff. There will be fairness in order for the nation to develop (Wiley, 2013). According to Brock &Â  Lipsky (2003), Public

Create my own exam Math Problem Example | Topics and Well Written Essays - 750 words

Create my own exam - Math Problem Example A line passing through the centre of a circle is the diameter of the circle (Mosteller 109). If two or more diameters are in the same circle then all of them are equal in length irrespective of their position. Therefore, if the two sides from both triangles that pass through the middle of the circle were taken as o for Triangle A and x for triangle B, then o will be equal to x. The side will also be the longest on either triangle. In the equation o + p + q = x + y + z we can eliminate o and x since they cancel each other keeping in mind that o = x, hence we will be left to prove that p + q = y + z. To prove this we will first have to identify the angles formed by the two triangles. If triangle A has angles O, P, Q where angle P and Q join sides p and q to side o respectively, then angle O is opposite to side o. On the other hand, triangle B has angles X, Y, Z where by angle X is opposite to side x and angles Y and Z join sides y and z to side x respectively. If we start with both tri angles as isosceles triangles then sides p + q = y + z because for both triangles the longer side is equal (Kac and Ulam 167). In the event that the shape of either triangle changes then the following, changes will also take place. Let us start with triangle A, a change in the shape of the triangle from an isosceles triangle an irregular triangle this will cause angle O to increase. The change will also be associated with change in length of side p and q, where with every increase in side p side q will be subsequently decreasing and vice versa. The total length of the two sides will be maintained that is p + q for all the changes will remain the same. In triangle B the same principle will also apply such that a change in the shape of the triangle from an isosceles triangle to an irregular triangle then angle X will be increasing and an increase in side y will lead to a decrease in side z and vice versa. The total length in this case will be maintained that is to say that y + z will remain the same in whichever shape the triangle changes. Since p + q = y + z for the isosceles triangle then the same principle will apply for a change in shape of the triangles. Theorem 2 If a rectangle is drawn inside a chessboard with its sides parallel to the sides of the chessboard, then the number of complete dark squares will NOT be equal to the number of light squares covered by the rectangle. That is if the rectangle covers m complete dark squares and n complete light squares then m ? n. Taking note that not necessarily that all the squares covered by the rectangle will be complete. Proof: Suppose we take a chessboard (which is square in shape) with sides C and D where C = D and inside the chessboard there are ‘n’ equal squares, which are made of one unit of each side, therefore n = C ? D (Garder 510). The dark squares are denoted by b and the light squares denoted as w. A rectangle with length J and width K is drawn inside the chessboard where the side J is pa rallel to C and K is parallel to D. Further, J should not be equal to C and K should not be equal to D, meaning the rectangle is smaller than the chessboard and there should be no three sides of the rectangle touching the sides of the chessboard. If the rectangle is drawn to fit exactly two units of C and one unit of D then the rectangle will

Efficient Markets Hypothesis Essay Example | Topics and Well Written Essays - 1000 words

Efficient Markets Hypothesis - Essay Example The essence of the efficient markets hypothesis evolved from an earlier capital assetpricing model or CAPM based on investors’ unobservable beliefs about future returns. The CAPM predicts a linear relationship between the expected rate of return on an asset and that asset’s systematic risk, often termed â€Å"beta.† The CAPM model in turn led to the arbitrage pricing theory which is more general than the CAPM by including a set of unspecified factors which influence capital valuations. The CAPM in turn has been expanded into a broader format including such factors as the size of the company and the ratio of book value to market value; this version has gained wider support over the past ten years (Negakis, page 3). The efficient market hypothesis, as defined by Fama going back to 1970, â€Å"defines an Efficient Market as the one in which ‘security prices fully reflect all available information’†. Fama, in 1970, identified three forms of Market Efficiency. In the weak form, no investor can expect to gain from analyzing historical data as that data would already be reflected in capital asset prices. In the semi-strong form, no investor can expect to gain from analyzing publicly available information for the same reason. In the strong form, no investor can expect to gain from analyzing information from any source (Negakis, page 3). The efficient market hypothesis requires the existence of a highly-competitive market. with a large number of very-well-informed traders and in which transactions are costless. It would then not matter how many shares or other capital assets a trader sells - the price would remain unaffected by his actions as the market would already have taken them into account. The market would already reflect all available information, which would be included automatically in the price of the shares or other assets under consideration. The advent of portfolio theory has strengthened the efficient market hypothesis by focusing 3 on the valuation of an entire portfolio of many securities rather than on each one's value. In a fully-diversified portfolio, the trader or investor need not be as concerned over each security or capital asset but rather on the risk and return of the total range of those assets. According to Fama, the strong version of the efficient mar

Exam1 Essay Example | Topics and Well Written Essays - 3000 words

Exam1 - Essay Example On the other hand, the competitive philosophy suggests that in a competitive market, the government establish rules that sponsor full and free competition. The competitive philosophy is proposed by its supporters, both as a solution to economic problems and also in moral stipulations: as a ground for freedom, where ideas and ventures are allowed space to thrive. These notions have lately been benefiting from an extraordinary influence. In every society, the government is the sole lawful method of coercion. Forms of government coercion like taxation promote the competitive goal of philosophy, and the higher the burden imposed by taxes on production, the greater the chances that economic growth will decline and falter. Price controls or restrictions encouraging new competitors to enter a market promote market exchanges and others like interdictions on illusory practices and enforcement of contracts can also aid voluntary exchanges. The US government is currently making such an effort t o prevent the concentration of fiscal power that’s been growing for a long time in the investment and banking industries.   The congress is undertaking financial reform and federal supervisors and a few influential state attorney generals are starting inquiries of suspected abuse by the little remaining bank holding corporations, the markets themselves, and other key accomplices like hedge funds. Historically, laissez-faire was a response to mercantilism, a structure of commercial powers in which trade and industry, particularly overseas trade, were only regarded as ways of making the state stronger. Trade monopolies, taxes, Navigation laws, and paternalistic policy of various kinds bore greatly upon the growing class of merchants during the time of European colonial development. French physiocrats, leader economists in the 18th century, on behalf of this class of merchants, initially devised the theories of laissez-faire. State noninterference became a fundamental philosop hy with the physiocrats,; they in particular were opposed to the idea of taxation of commercial endeavors. Resistance to mercantilism and government paternalism also inspired Adam Smith, pioneeer of classical economics, who is directly associated with British laissez-faire policies. Smith supposed that individual benefit rather than state control was the proper objective; he therefore campaigned that trade should be conducted without government limitations. When people had the freedom to follow personal interest, competition or rivalry would turn out to be more effectual than the nation as a controller of economic policy. Smith did not advocate for laissez-faire in an unconditional sense; he created a space for government intervention in public works, such as the construction of docks and canals to assist trade, and in the control of overseas trades to leverage some domestic industries. However, the philosophy of laissez-faire turned into a doctrine of individualism and of functiona l ethics in the hands of Jeremy Bentham, and John Stuart Mill made it to reach what was perhaps its highest point. The theory’s strong individualism was naturally of interest to the merchants and factory owners during the Industrial Revolution; they tried to change society along capitalistic terms and often ended up being hampered by old regulations and the conflict of landed interests. Some real-world examples of programs

Security Risk Mitigation Policies Coursework Example | Topics and Well Written Essays - 500 words

Security Risk Mitigation Policies - Coursework Example The first option should involve different methods for making it more intricate to intercept and locate the wireless signals. This way, hackers will have a hard time locating the organization’s signal. Additionally, the other principal option will involve utilization of encryption in order to preserve confidentiality even when the wireless signal gets intercepted (Choi et al., 2008). It will also be imperative for the organization to utilize signal-hiding techniques so as to properly intercept wireless transmissions. This is because for any attacker to successfully intrude into a wireless network, they will first need to locate and identify the wireless network. This will be achieved by utilizing numerous steps that will make it extremely difficult to locate the organizations wireless access point. Therefore, the company should include some of the easiest as well as least costly methods which include turning off the service set identifier (SSID) which broadcasts by wireless access points. This will not only make it hard for hackers to have no access, but also, it will make it hard for them to access the company’s servers and download sensitive and personal materials. Moreover, assigning cryptic names to the SSIDs will also make it hard to access the organizations data. Additionally, reducing the organization’s signal will provide requisite coverage.

Contracting with the Federal Government Term Paper

Contracting with the Federal Government - Term Paper Example Contracting by Simplified Acquisition Procedures, FAR 13 This rule involves the government purchase of tools that are less than the value of $150,000. The government purchase of this equipment is considered micro purchases. The involved procedures do not require competitive bids or quotes and the involved agencies can buy through credit cards or the Government Purchase Card. In addition, it is not necessary to involve the procurement officer. However, most of the government purchases are in this category since most of the products purchased do not involve a lot of money. An example is the government purchase of office equipment such as chairs, tables, and computers. This category comprises of more than 70 per cent of all government purchase dealings. According to government statistics, this category involved a total sum of $19 billion dollars. The increase in government transaction in this category is because the Federal Acquisition Streamlining Act made several amendments to the act thus eliminating limitations on government purchases under $150,000. This means that agencies can be allowed to use abridged processes for soliciting and assessing bids worth up to $150,000. However, it is mandatory for the government agencies to publicize all deliberate procurements over $25,000 according to Federal Business Opportunities or on the government website, which enlists all the available procurement opportunities. One main advantage of this easy purchase processes is that they require fewer governmental details, less endorsement levels, and fewer documentation. However, these procedures require all the government procurements above $3,000, but under $150,000, to be kept back for small companies. in addition, the small businesses has to apply for the purchases except if the assigned agent cannot get proposals from two or more minor businesses who are competitive on price, quality and distribution (Government Contracting 101; Worthington & Goldsman, 1998). Contracting by Negotiation, FAR 15 This government rule requires that the government agencies to use negotiation as a contracting method. In order to do this, the federal agencies have to issue a request for proposal (RFP) or Request for Information (RFI) or Invitation for Bid (IFB).  Unlike the previous rule, this rule allows for, communications, Clarifications, and discussions  in the selection procedure and the government might permit for last proposal amendments.  In order for a company to be selected, some factors such as best value and trade-off processes are evaluated. This occurs depending with the interest of the government to contemplate issues other than the lowermost price or utmost technical rating, or the lowermost price that is technically appropriate source for selection, where the solicitation highlights the marginally suitable standards and the selection is founded on a price assessment amongst all suitable bids.  This rule applies mostly to contracts above $150,000, and extremely technical products and services are being pursued (Worthington & Goldsman, 1998). Contracting by Sealed Bidding, FAR 14 The Contracting by Sealed Bidding as described by the rule consist of making and advertising an invitation for bids (IFB). It also involves receiving the proposals, opening them openly, assessing them without negotiations with the bidders, and giving the agreement to the accountable and responsive bidder founded on price and