Participatory economics

Summary of “Economic Profit vs. Accounting Profit” Robert L. Bartley writes about the about how the economic and accounting versions of profit differ. While economists are interested in what creates production and thus profit, while accountants focus on the money earned for the owner. Most CEO and CFOs are follow the accountants definition, however they should be looking at the economists way, as it show the driving force behind the company’s production rate and profit. Summary of “America’s…

Harvey Wiley & The Fight Against a Corrupt Market: Dr. Wiley is an important figure to introduce when discussing the rise of the Food and Drug Administration. Wiley was an Indiana farmer who decided to seek an education at Hanover College. While there, Wiley discovered an interest in the American market and how it was shaping the lives of the citizens whom he interacted with. He was quickly realizing the shift in the American demographic towards a more urbanized society, which allowed for more…

1. Demographic Transition (development/population): What is the Demographic Transition Model (DTM)? What are its stages, and what are its characteristics? How can the DTM inform policy makers and scholars regarding population pressures toward resource conservation? The Demographic Transition Model (DMT) is a graph that shows population (Y axis) change over time (X axis). There are three lines of information on the graph: birth rate, death rate and total population. It is useful because it shows…

Postcolonial, Why? Postcolonial is studied to help gain a better understanding of the consequences of having control and about the economic exploitation of native people and their lands have on the rest of the world or one selves. Two theories that is demonstrated is the control and exploitation of others are diaspora and oppression. These postcolonial themes are found in literature works like The Epic of Gilgamesh, The Tempest, and Heart of Darkness and they exemplify the interdependence…

Friedman and Social Responsibility of Business Introduction Milton Friedman believed and argued that business people take care of the responsibilities that affect them in their day to day life. However, they don't care the impact their businesses have on the society so long as their market is growing and increasing their profits. The main reason why he argued this is because believing in a reduced impact that the government has and a free-market. He found that government solutions to problems…

In Karen Ho’s article, “Biographies of Hegemony,” she highlights how The ‘Culture of Smartness’ is a central to understanding Wall Street’s financial agency, how investment bankers are personally and institutionally empowered to enact their worldview, (and how investment bankers must) export their practice and serve as models for far-reaching socioeconomic change” (Ho 167). In Susan Faludi’s, “The Naked Citadel,” she introduces the culture within The Citadel and how manliness is spoken to(about)…

In Karen Olsson’s investigative journalism piece against Wal-Mart, titled “Up Against Wal-Mart”, she describes a utopian styled business that appears to exploit workers for nominal profits. Unlike fiction, the business practices of Wal-Mart that were put in the limelight by Olsson position the United States to adapt a new employment structure in chain businesses, for the worse. In "The American Dream: Dead, Alive, or on Hold?" by Brandon King, it is clear throughout the article that King’s…

How can one product take away all of the stress from the day? How can this same product be healthy at all? The answer to the latter is: it’s not. To some smokers, smoking a cigarette can be the most relaxing thing they do all day. Some smokers have reported that just one cigarette takes away their stress and leaves them feeling great. However, this is not the whole story. Smoking even one cigarette is more harmful for the body than anyone ever realizes. The first time a person smokes a…

2. BUSINESS PROFILE Ryanair is one of the leading Airline companies in Europe with the highest seating capacity and the second highest passenger numbers. It has a very strong market position. Despite the falling sterling value due to Brexit and the difficult trading conditions, Ryanair made €1.316 billion as Profit after tax, which is an increase of 6% from the previous year. The air traffic has increased by 13%. The current report, as of Jan 2018, shows that the Customer numbers have increased…

Is Karl Marx theory of class conflict relevant for understanding contemporary Chinese society? Since China started the economic reform in 1978, Chinese economic influences and power are stronger than before. But in the meanwhile PRC/CPC governors also felt the great anxiety about rapid change of society structures. The major reason was after the reform, China is not simply made by labor and farmer classes, but more and more people getting wealthy and joined bourgeoisie class. That challenges the…