Classical economics

Ancient Greece, the birthplace of many achievements that still influence western civilization today. Ancient Greece was one country, but it was separated by several different ways of life. These societies all brought something different to the table, making the diversity of ancient Greek culture that much greater. Two notable societies of ancient Greece are the city-states of Sparta and Athens. Despite the fact that these two city-states had several similarities, they were different in several…

Adam Smith Adam Smith was a Scottish political economist and philosopher. He has become famous by his influential book The Wealth of Nations in which he details the first system of political economy. At the age about fifteen, Smith proceeded to Glasgow university, studying moral philosophy “the-never-to-be-forgotten” Francis Hutcheson. Adam Smith argued about the trade of goods between countries. Like for example if England produces goods of wool at lower cost than he can trade with France…

Classical Approach: Body of management thought based on belief that employees have only economical & physical needs & that their social needs & needs for the job satisfaction are unimportant or don’t exist. Advocates high specialization of labour, centralized decision making & profit maximization. Began in the early 1900s & continued until 1920s. Approach mainly looks for universal principles of operation in the striving for economic efficiency. 3 Approaches: 1. Scientific- ‘one best way…

Scarcity is a key concept in economics and it is viewed as being a huge problem within economics. Scarcity refers to a situation where demand exceeds supply and this can apply to anything from consumer goods to raw materials. (financepractitioner). For example, scientists suggest that crude oil can run out in the near future due to the high demands for it but a lack of supply of it which suggests that crude oil is a scarce resource. Another example could be housing in the UK. There are high…

Jiří Kylián The basis of Jiří Kylián’s dance and choreographic career lies upon the principle that what is to be presented through his work, ought to be original and captivating. With the art of Ballet having been firmly grounded in the style of classical ballet for a prolonged period of time, it takes true grit to rise up from behind the shadows of conventionalism and to be able to take ownership in the art you produce. The work Jiří Kylián produced was far from traditional, even leading into…

Athens was the birth place of democracy, it was around 507BC when the Athenian leader Cleisthenes introduced a series of political reforms known as the demokratia, which means ‘rule by the people’ (Cartledge, 2011) The following essay will assess the demokratia, arguing that ancient Athens was a real democracy. The first consideration is the great quality of democracy displayed in the Athenian political system. Then, the institutions that Athens had in place were democratic and produced…

The author of the reading, Yao, mentioned in the preface that “Confucianism as a tradition with many dimensions and as an ancient tradition with contemporary appeal”. It is no doubt that in Confucianism, have suggested several main objectives of conservative ideologies which included but not limited to the authoritarianism, hierarchical order, conformity, and status quo; yet Confucianism also practiced some core parts of liberal philosophies. Confucianism suggested the equality, moral autonomy…

unemployed etc. This concept of social policy was based on the difference between the economic and the social domains. While of the other hand, the American neo-liberalism has features that distinguish itself from the classic liberalism approach.“In all texts of the neo-liberals you find the theme that government is active, vigilant, and intervening in a liberal regime, and formulae that neither the classical liberalism of the nineteenth century nor the contemporary American anarcho-capitalism…

Organizational Theory was introduced at a time in history when commerce was expanding and the concept greatly shaped the industrial revolution. Classical Organizational Theory was the major administrative structure for both public and private organizations well into the 1930’s and can still be found highly influential today. There were several thought leaders to contribute to the development of this theory and with Aristotle being considered one of the early founders of this thought. This…

resemble the classical Han dynasty period, and in what ways had China changed? Tang and Song dynasty China resembled the classical Han dynasty period because they had very similar aspects, such as the long distance trade, but they were different in the way that Tang and Song dynasty China prospered better. Evidence: E#1- Imperial system, placement exam, dominant political positions, long distance trade, Confucian influence E#2- Tang and Song dynasty China: TIghter unification, economic…