Ecological economics

Kimberly Ma / Bus5-187 Sec 13 Participation/ Discussion Questions: Discussion: Why would government need to interfere? Government will interfere for political, economic, and cultural reasons. In the economic sense, the government might intervene to protect, regulate and control the resources. Some political motives involve securing jobs, national security, responding to unfair trade, and gaining a bigger influence in the market. For instance, in order to secure jobs, the government might…

The article, “Is Junk Food Really Cheaper?” written by Mark Bittman on September 24, 2011, and was published by the New York Times. The article evaluates whether junk food is really beneficial and cheaper than home-cooked meals. Bittman explains that fast food is more expensive and unhealthy than food freshly cooked at home. Most people happen to develop an addiction to fast food after consuming it for an extended period of time. Several individuals believe that fast food chains sell cheap food;…

of the reality faced by individuals in the Global South within the context of a neoliberal economic paradigm. The concept of the invisible hand refers to the logic of the free-market, espoused by Adam Smith, which posits that there is an invisible hand in a free market framework that ensures the most effective and socially optimal allocation of resources. Despite the widespread acceptance of this economic theory, the reality faced by individuals especially in developing countries, does not…

During the presidency of Kennedy, the 35th president of the United States, steel companies began to raise the price of steel by 3.5% which came out to an extra 6 dollars a ton. It may not seem as much, but during this time where America was just recovering from a recession and where every dollar is crucial, it was plentiful. However, the 3.5% increase goes way beyond the monetary value and should be viewed through the perspective that these companies are lacking their moral responsibility…

The primary distinguishing factor between weak and strong sustainability is their degree of substitutability. Weak sustainability, examined in the first part of this paper, assumes that natural capital and manufactured capital are perfectly substitutable. The second part of this paper examines strong sustainability which asserts that the substitutability of natural capital by other forms of capital is highly limited and not interchangeable. This paper will discuss weak and strong…

Devin Ray Professor Song Economics 1A 7 December 2017 Essay Number Two (2) Question 1: What is money? What are the differences between M1 & M2? And how do money-market mutual funds differ from M1? Money, as defined by the textbook, “is the set of assets in the economy that people regularly use to buy goods and services from each other.” (text, Ch. 11-1) This definition of money shows the traditional usage of money as exchanged by individuals and firms, however, there is much more to…

When something has social worth, it means that it is worth something in society. In today’s society, it seems the more social worth a job has, the less salary that job will have. I chose to talk about the “Work and Worth” article by Robert Reich. In this article he talks about how a lot of jobs in today’s society pay less than what they should. I will use functionalism to discuss the article because each part of society plays a role that contributes to the overall state of society. Functionalism…

argue that people in an economic system cannot make a living without money, and Weiner actually said, “If our basic needs are not met, we’re not likely to be happy.”(17) Nonetheless, money is just a minimum requirement but not conditions sufficient to become happy. According to recent research that Weiner quoted, “money does indeed buy happiness. Up to a point. That point, though, is surprisingly low: about fifteen thousand dollars a year. After that, the link between economic growth and…

BAD 480 EXECUTIVE SUMMARY FOR GLO-BUS INDIVIDUAL REFLECTION ANA DEBORA BELOS GLO-BUS exercise is an online exercise established by IBM to imitate the real-world character of a digital camera industry. The competitive environment is offered to all the participants in the class. We started by choosing the group members from the class mates. We have 12 groups in an industry with 4 participants in each group. Each group run a camera company with the same start situation, they need to make their…

The problems that exist in the current economy are increasing inequality and vulnerability of workers, environmental unsustainability, and business corruption. It is very important for Corporations or society to hold its responsibility to solve the problems. According to Menser’s essay, he demonstrates his opinions on the models of Stakeholder theory, Civil Society CSR, and Worker Cooperatives. In this essay, I will argue for the model of worker cooperatives that is best for people, planet and…