Anna Nicole Smith

Karl Marx and Adam Smith are both economists with theories of capital accumulation. Karl Marx was a German doctor of Philosophy. Adam Smith who was a Scottish moral philosopher developed a similar theory. The theories differ in the way they perceive labor value. Smith’s theory has a clear argument on capital accumulation such as his explanation for unproductive/productive labor in comparison to Marx. Marx’s explanation of productive labor, critique of abstinence theory, exploitation, and the…

Adam Smith, the father of microeconomic theories, puts faith in a virtually unregulated, free market that maximizes the dynamic efficiency. In his view, an ideal system of market should be based on free competition, increasing size of market, and considerable capital accumulation. He believes the production function is an increasing return to scale that would expand the market, lead to internal and external economies of scale, and ultimately, lower the cost of production. With the foundation of…

Fall 2016 IPED 202 Final Exam Questions Which of the three findings in the article do you find most troubling about our economy and society? Please list and explain each briefly. (20 points) Unemployment rate increased highly so that people had hard time to find jobs. In the article, the annual survey depicts, "Unemployment skyrocketed to 10 percent and the jobless rate is still a stubbornly high 9.6 percent." Therefore, people hard to earn money if people do not have jobs. As the unemployment…

Ethical decisions may not always be the right decision according to law but they can be right according to the circumstances. Ethics is a set of moral principles, especially ones relating to or affirming a specified group, field, or form of conduct. We are all faced with ethical decisions in our life at some point. We have to determine whether or not the choices we make are worth the compromise of our values. At the beginning of every priests career they take a vow of obedience, celibacy, and…

One might have same views, but what is different is that they approach them differently. Adam Smith and Karl marx are two economic philosophers best known for their social and economic thinking on how to drive an economy of capitalist views. These ideas in each of their works the Wealth of the Nations by Adam Smith and The Communist Manifesto by Karl Marx both portray their ideologies on how a society functions. These ideas still lives with generations and gives lineage to the capitalistic…

idea of economics has relevant since the beginning of time. Economics is the social science having to do with production, consumption and transfer of wealth in a society or country. Scottish philosopher and economist, Adam Smith, is known as the “The Father of Economics.” Smith is known for proposing many modern ideas such as, the invisible hand, gross domestic product, and the theory of compensating wage differentials. He is also greatly known for his books, “The Theory of Moral Sentiments” and…

Adam Smith is often believed to be an economist due to his theories on the economy but he was at heart a philosophical theorist. As we have learned in this course, Smith had theories about the way the economy worked but he attached these theories to human nature and how humans organize and make sense of the social world. In his book The Wealth of Nations Smith discusses the division of labour, and its relation to supply and demand. Additionally he discusses the innate nature of the desire for…

An Analysis on Personal Identity The philosophical question of who I am, or personal identity is an arduous question to answer. There are two questions that derive in personal identity. What makes these memories or mental events mine? And what how do these events unify into making me the same person I was yesterday, or ten years ago? This essay will go over the works of John Locke, considered to be the first philosopher to give a theorem in regards to personal identity, Thomas Reid, who…

What is protest music? In general, most people would say protest music is songs connected to current or previous events. According to Salamishah Tillet, “Young musicians, some famous, others grassroots, are finding their role in today’s social movements through a simultaneous revival and redefinition of the protest song tradition.” I agree with Salamishah Tillet that musicians are trying to find their role in life by exploring life. (I like how you put your own personal feelings you have towards…

far as boycotting the 1980 games in Moscow. In 1984 the Soviet Union boycotted the games in LA. In the 1972 Munich games 11 Israeli athletes were kidnapped and slaughtered just because of their religion. In the 1968 Mexico City Olympic games Tommie Smith and John Carlos stood up and did the black power salute instead of singing the national anthem. The political, religious and racial actions committed at the games were ultimately ineffective and the Olympics were not the time or the place to do…