accomplished by breaking private monopolies by way of nationalizing them, regulating prices or bringing about competition. The government also bears the responsibility of ensuring that free riders pay for the goods that they consume. Negative externalities can be internalized by making creators of bad to pay for the cost of their actions. Examples of these would be destructive use of land or the commuter use of city roads. Access to services is a matter of justice hence the government can…
Modigliani and Miller (1958) provided a new theory of capital structure, suggesting that a firm’s choice between debt and equity has no impact on the firm’s value. This became known as irrelevance theorem. However, this theory is surrounded by a number of assumptions that can be analyzed in turn. The first assumption from Modigliani and Miller (1958) is that firms operate within a perfect capital market. The perfect capital market is defined by Fabozzi, Neave and Zhou (2012, p 87). Firstly,…
My Environmental Ethics Growing up in a highly capitalized area, Macau, and being taught the idea that wealth is the ruler of power and status, I learned that I would have to find a job with decent extra benefit and high salary in the future. Until the time I have taken geography and moral education classes in my high school, I started to consider a bigger picture when I was thinking about public policy and my decision making. I knew that what I did could affect anyone around me and possibly…
SOSC 2330: Political Economy of Law, Policy and Organization Take Home Mid Term Exam Fall 2014 Name: Jonah Goldrich Student ID: 212866380 T.A: Jan Krouzil Professor: Sonya Scott Date: November 3rd, 2014 Part A: 1) Homo economicus is a theoretical concept that frames humans as rational and self-interested individuals. A homo economicus must have the ability to recognize its own self-interest, and in turn act upon that…
With the invasion of the Amazon, these ethnic groups now need to share the forests with a growing number of settlers who seek to tap into the Amazon’s considerable natural resources. Hunter-gatherer groups were once generally nomadic, living in small settlements for a couple of years until the resources were exhausted. Because of land colonization by non-indigenous people, many local groups were forced into sedentary lifestyles. These changes not only destroy traditional lifestyles, but also…
Riverside, CA—General Plan Analysis and 30-Year Strategy Context Riverside City is located in Southern California. It was founded during the mission days under Spanish rule in the early 1800s, when ranchos (land grands) were offered to citizens of high standing. The downtown design was a grid iron pattern borrowed from the design of downtown Philadelphia . The city benefitted from the “second gold rush” of California; navel oranges were a cash crop in the area. The citrus industry assisted in…
Introduction Although the U.S. strives to make education internationally competitive by improving student achievement, its students are struggling in mathematics. Results from the 2012 Program for International Student Assessment measuring academic abilities among 15-year-olds placed the U.S. as 35th out of 64 countries in math (DeSilver 2015). Other evidence indicates 4th and 8th graders have been making only minimal gains in math achievement (Drust 2013). Improving student achievement in…
Drew Derrenbacker Fundamentals of International Relations Second Analytical Paper 7 April 2016 A Liberal Approach to the Use of Drones The advent of the 21st century has brought the proliferation of drone use around the world. In today’s world, drones, officially known as unmanned aerial vehicles, are even starting to be used by Amazon to deliver our packages. Beginning in 2002, several countries around the world initiated the use of drones as a military weapon. These drones, once armed with…
Take-Home Final Examination POLITICAL ECONOMY OF DEVELOPMENT Spring 2015 Due by 5pm April 30 (by email or hard copy in my box in 327 Tarbutton) Identifications (40 points - 4 points each) In 3-5 sentences for each item, define and explain the relevance for development of 10 of the following as discussed in the course. You must include items with * (items 1-5). 1) globalization* Globalization is the process of international integration arising from the interchange of world views,…
The company I have selected to evaluate for its Corporate Social Responsibility (CSR) is Chase. This powerful banking organization has been a cornerstone in the banking world for years and given the already tepid public opinion towards wealthy institutions it is no wonder that Chase has been listed on American 's list of the most despised companies. Recent developments have not aided their case. In the ensuing essay, I will evaluate various aspects of the business as well as explain where this…