Friday, January 31, 2020
Comparing and Contrasting Economic Ideas Essay Example for Free
Comparing and Contrasting Economic Ideas Essay Introduction – As individual leaders in modern economic thinking and attitude, economists Milton Friedman and John Maynard Keynes was hailed and criticized by many different individuals and institutions because of their contribution to global economy attitudes as well as because of the sometimes very radical ways that the two required of economic leaders to resort to so that they can follow the economic model that either Friedman and Keynes designed. Both are right and wrong when it comes to understanding economy and providing a solution which can be used to unlock the mysteries of the changing economic dilemma that the world experiences which requires the input of economists. And during their time, Friedman and Keynes enjoyed the god-like loft from which they stood, one at a time, when the world was bowing to the economic thoughts that they made. Similarities: Friedman and Keynes economic thoughts meet in the middle While Friedmans and Keynes thoughts and focus on economics have inherent differences, some observers believe that the two economic ideas espoused by Friedman and Keynes also have some similarities. For one, the two economists and their ideas are in agreement when it comes to the stable growth rate of money supply and its role in fluctuation and employment[1]. Also, the two were inherently economist in inclination they stand on similar grounds even if it means digging and building that ground using different shovels and different strokes. Second, the economic ideas of the two individuals share the similar characterisitcs of being popular and widely used and regarded before the ensuing change in political landscape made the idea of obsolete and useless; for Keynes and his economic idea about the role of the state in economic leadership, the flowering of his idea came after the world, particularly the US, felt the squeeze to the economy after the two world wars and the occurrence of the Great Depression, his idea ultimately subsiding by the time the world came closer and closer to the 80s. For Friedman, his economic idea got its turn after it proved having the solution to the problem the Keynes model cannot answer, and after enjoying his moment in the spotlight for some years, the global crisis that engulfed the world pushed Friedman’s ideas closer and closer to the trash bin. Friedman and Keynes and their ideas share the similar pace when it comes to public acceptance, as well as the same characteristic that their ideas each are pets of US presidents; former US president Richard Nixon was a Keynesian while another former US president, Ronal Reagan implemented a Friedman approach in economics[2]. Another similarity in the economic idea of Friedman and Keynes is that their ideas allowed for the identification of an entity or institution or idea that was the reason for the failure of the economy. Take for example the Great Depression, for those adhering to the Keynesian belief in economics, they are inclined to believe that there is someone or something at fault why such occurrence happened, and that is the idea of free market. Friedman thinking will also lead the individual towards the same belief of having someone or something at fault, and that is the Federal Reserve, so far as Friedman economic thinking is concerned. Another similarity shared by Keynes and Friedman and their attack and pattern in developing economic thought and assuring the audience needed for the establishment of the popularity and acceptance of their particular economic thought is the manner by which their economic thoughts and ideas were built and spread around those who will either criticize or embrace it. Wood (1991) explained, â€Å"The most surprising aspect of Friedman’s achievements is that he has not to a greater extent earned the gratitude of the profession. To a large degree this is due to the sharply critical form in which he has presented his ideas.†[3] In his attacks on the positions of other he has at times tended to depart from the more careful and guarded way in which he typically presents his own results. This has assured him of a wide audience, because it is often easier to attract adherents to a revolution in thinking even a counter-revolution than to a less dramatic evolution of a hypothesis. This is a characteristic which Friedman shares with Keynes and explains why both have been at the same time highly controversial and highly successful in the development of economic thought. Economists in a head-on collision – Despite the similarities found in Friedman and Keynes and their thoughts and the pacing and social acceptance lifespan of their ideas, Friedman and Keynes and their ideas in economies are more accepted, criticized and reviewed because of how the two ideas find contrasting points against the other. They and their ideas have significant differences that they are described sometimes as the great polarizers of the economy and the economic belief and attitude. For Friedman, Keynes was incorrect about the idea of the state and its active role in dictating the economy. For Friedman, the more suitable solution is for the state to know that its role in the economy is focused on ensuring the growth of money supply. Friedman stressed the importance of monetary policy versus the idea of Keynes and the role of state spending. Friedman also challenged the manner by which Keynes explained the behavior of the consumer especially during the cases of inflation and the ensuing unemployment[4]. The Keynes-Friedman Showdown While it is understandable how there will be purely separate groups that support the thoughts of Keynes and the economic thinking of Friedman, there are instances that the two modern day economic thinkers figure in colossal showdowns (which is not of their doing, of course, but the doing of other people and institutions particularly award giving bodies that set out to identify who is the best between the two). An example of these instances is the during the time globally popular and highly respected weekly glossy magazine TIME undertook the task of naming the recipient of the Economist of the Century honor to wrap up the end of the twentieth century[5]. Skousen (2001) wrote about how the members of the selecting group were torn between Friedman and Keynes, and how Friedman ultimately bested Keynes despite the fact that some TIME magazine staff, including editor in chief Norman Pearlstine, believed that the award should go to Keynes. Pearlstine believed that the manner by which Keynes articulated the importance of free markets as well as the significance of the undue government intervention that will resort to the creation of danger in the economic landscape[6] is an important modern day economic idea that will benefit not just one country but the world, especially now that the world is experiencing global trade and economics. Cambridge University in 1970, during the time Friedman faced a highly partisan, pro Keynes crowd who rooted for their favorite Nicholas Kaldor which Friedman soundly defeated during the debate[7]. Some would say that the surprising Friedman win in that particular debate (which silenced the murmuring crowd of infidels) was due largely because of the absence of Keynes himself, but it may also point to the fact that Friedman and his economic ideals holds true in some aspects. Conclusion – Many scholars, critics, new economists, political analysts and historians until now continually debate about the similarities and differences of Keynes and Friedman and their economic ideas. More importantly, they debated about how each economist and each idea they gave to the world helped in shaping world economy as it is today. Some say that Milton was unlike Friedman, while some think they are the same. Some believe that Friedman was better than Keynes, while others feel otherwise. Others go to the extreme, considering that the two lived in an interconnected life, that one completes the other, as DeLong believes that Friedman was not a competitor to Keynes, but more of the man that completed Keynes[8]. The issues and points arising in the debate focused on the person and their ideas bring about immense complexity that the end is always hard to see, predict and achieve. But for the differences of Friedman and Keynes, it is no doubt that both economist contributed immensely in the field of economics, and because of that, they were showered not just with official honors but with very flattering commentaries by critics and observers. Mark Blaug was quoted by Skousen in his book as attributing to Friedman and his great ability for debating and fighting for his position in economic ideologies[9] that resulted to his earning the respect of even his most critical and previously unimpressed adversaries. Skousen (2001) believes that Friedman is the most famous economist alive, but he was quick to counter his proposition by reminding the readers that Friedman was not a giant at first in the circle of economic thinkers, owing largely to the fact that Friedman and his economic ideas (i.e. his monetarism beliefs) were heavily criticized early in his career as an economic thinker. [10]       Truly, both Keynes and Friedman created such economic ideals that went to the extent that it became antagonistic with each other. But professionals knew that underneath it all, the more important thing to consider is the fact that the differences and similarities found in Keynes’ and Friedman’s works gave the world what it can used to manage changing economic difficulties. Works Cited: DeLong, J Bradford. â€Å"Friedman Completed Keynes.†Project Syndicate. 2006. 23 May 2008            www.project-syndicate.org. Heuser, Uwe Jean. â€Å"The Underrated Power of Economists.†Indymedia.org.uk. 28 June 2007.            23 May 2008 http://www.indymedia.org.uk/en/2007/06/374612.html. Macesich, George. â€Å"World Economy at the Crossroads.†Greenwood Publishing Group,            Incorporated, November 1997. Skousen, Mark. â€Å"The Making of Modern Economics: The Lives and Ideas of the Great            Thinkers.†Sharpe, Me., Inc., March 2001. Wood, John Cunningham. â€Å"Milton Friedman: Critical Assessments†Vol. 14. Taylor            Francis, Inc., August 1990. [1] Macesich, George. â€Å"World Economy at the Crossroads.†Greenwood Publishing Group,                Incorporated, November 1997. p. 12. [2] Heuser, Uwe Jean. â€Å"The Underrated Power of Economists.†Indymedia.org.uk. 28 June 2007.                23 May 2008 http://www.indymedia.org.uk/en/2007/06/374612.html. [3] Wood, John Cunningham. â€Å"Milton Friedman: Critical Assessments†Vol. 14. Taylor                Francis, Inc., August 1990. p. 465. [4] Heuser, Uwe Jean. â€Å"The Underrated Power of Economists.†Indymedia.org.uk. 28 June 2007.                23 May 2008 http://www.indymedia.org.uk/en/2007/06/374612.html. [5] Skousen, Mark. â€Å"The Making of Modern Economics: The Lives and Ideas of the Great                Thinkers.†Sharpe, Me., Inc., March 2001. pg 379. [6] Ibid. [7] Skousen. pg 380. [8] DeLong, J Bradford. â€Å"Friedman Completed Keynes.†Project Syndicate. 2006. 23 May 2008                www.project-syndicate.org. http://webdiary.com.au/cms/?q=node/1757. [9] Skousen, p. 380 [10] Ibid.
Thursday, January 23, 2020
The Benefits of Prolonging and Separating Vaccines Essay examples -- V
Parents today have many concerns for the well being of their child. One big apprehension is what vaccines are being introduced into their infant’s small bodies and the many adverse reactions they cause. In our current generation, infants are injected with up to 31 vaccines just in their first year of life (CDC, 2015). Life threatening diseases are prevented with such vaccines, but parents are often left to wonder, how many of these vaccines are even necessary. Many of the vaccines are given in combinations; sometimes three or more disease fighting vaccines are given in one inoculation. There is continued clinical research to increase efficiency of these vaccines, changing the components of the vaccines, making them vastly different from what they were in generations past. Separating these vaccines can make a large difference in how a child’s body reacts to the new generation of vaccines. Vaccines can not only be separated out of the combinations that are most com mon, they can be prolonged. Some parents choose to give vaccines only every six months, others choose to wait to start any vaccinations until their child is two years of age (Miller, 2014). Parents have choices today, follow the recommended dosage schedule or prolong and separate their child’s vaccines. In doing the latter, and infant’s body systems have time to mature, side effects may be reduced, and parents will be more willing to vaccinate.â€Æ' Prolonging and Separating Infant Vaccinations There are many reason parents choose to vaccinate or not. Side effects and fears of permanent adverse reactions are among the biggest of parent fears when considering when and how to vaccinate their child. With the emergence of fears of autism, neurological problems, develop... ...ines/multiplevaccines.html Fisher, Barbara. (2011). Vaccine Safety: Evaluating the Science. Medical Science and Public Trust: The Policy, Ethics and Law of Vaccination in the 20th and 21st Century. Retrieved from http://www.nvic.org/getdoc/6cd24653-fd19-49e5-842a-3917e15de533/Medical-Science---Public-Trust.aspx#top Dr. Miller, Donald. (2014). LewRockwell.com. A User-Friendly Vaccination Schedule. Retrieved from http://www.lewrockwell.com/miller/miller15.html Morales, Tatiana. (2014). CBSNews. To Vaccinate or Not. Retrieved from http://www.cbsnews.com/stories/2014/12/04/earlyshow/contributors/emilysenay/main531638.shtml Stratton, Kathleen, Wilson, Christopher & McCormick, Marie. (2002). Under Review: Multiple Immunizations and Immune Dysfunction. Immunization Safety Review. (Pgs. 32-42). Retrieved from http://www.nap.edu/openbook.php?record_id=10306&page=32
Tuesday, January 14, 2020
Texas Constitution and New Hampshire Constitution
The constitution is the fundamental principles of law that the state's law system is base on. Regardless of where it was created, New Hampshire or Texas, the constitution always went through different processes of drafting, revising, and amending several times over the courses of history to result in the modern constitution as people look at it today. At a glance, there is Texas, a state that is known for its notorious cowboy culture and rebellious history, to be compare to New Hampshire, a quiet little state that locate in the northeast corner of the US.In omparison and contradiction, the two states' constitution share many similarities in their bills of rights but maintain many differences in their legislature, especially in the meeting cycles. Whether or not Texas should change its constitution in order to ensure the effectiveness of legislative session in a given time frame is still in debate. One of the major and most obvious similarities that appears in almost every state's con stitution is the freedom of religion.In Texas constitution, this category is worded as â€Å"freedom of worship†, section 6 of article 1 states, â€Å"All men have a natural nd indefeasible right to worship Almighty God according to the dictates of their own consciences. No human authority ought, in any case whatever, to control or interfere with the rights of conscience in matters of religion†¦ †(Texas Constitution. Art. l, sec. 6. In a like manner, the New Hampshire constitution states, â€Å"Every individual has a natural and unalienable right to worship God according to the dictates of his own conscience, and reason; and no subject shall be hurt, molested, or restrained, in his peers on, liberty, or estate, for worshipping God. †(New Hampshire Constitution. Part 1 . Art. 5) The first two sentences from each section of the two states constitutions strongly proclaim that it is the natural right of the people to worshiping any kind of deity without getti ng punish or being force to worship a different deity against their wish.This similarity of religious freedom from both constitutions illustrated the state founders' strong desire for a society in which people are free to pursuit a faith of their own. However, within these similarities there are still some important differences. To be more specific, the second sentence of religious freedom on the New Hampshire constitution does mention that the right to worship can be achieved only if â€Å"†¦ he doth not disturb the public peace or disturb others in their religious worship. (New Hampshire Constitution. Part l. Art. 5). This statement means to say that one individual cannot use their freedom of worship to disturb other individual's life or his or her freedom of worship. Texas constitution did not state specifically the same idea but it took into account another important element- the equality of religions: â€Å"It shall be the duty of the Legislature to pass such laws as may be ecessary to protect equally every religious denomination in the peaceable enjoyment of its own mode of public worship. (Texas Constitution. Art. I, sec. 6). This is one very important element that the New Hampshire constitution does not mention. Texas, in the other hand, put down in text that the government is responsible to protect every religion the same as others by passing such law to Speaking of the government structure, both Texas and New Hampshire have the basic form of government in which the structure is similar to the United States federal government. Each has three branches: legislative, executive and Judicial.The Texas legislature, however, has one substantive difference to the New Hampshire legislature, the meeting cycle. The Texas constitution requires the legislature to meet in regular session once every two years. â€Å"The legislature shall meet every two years at such time as may be provided by law and at other times when convened by the Governor. †(Tex as Constitution. Art. Ill, sec. 5). Normally, the session held on the second Tuesday in January of odd-numbered years and may last for 140 days.The New Hampshire constitution requires the state legislature to meet more often. Article 3 of Part II of the New Hampshire constitution states that the state legislature is to meet in session for once a year in January (New Hampshire Constitution. Part II. Art. 3); a session usually last until June. In addition, the legislature has to meet again on December of the next even-numbered year for organization purposes, bringing the number of session to three times every two years.The difference between each state legislature's meeting cycles is particularly stood out because Texas is geographically huge state with large population, and the fact that its meeting cycle is too far away from each other is very uncommon among other large states. The difference between Texas and New Hampshire constitutions in regard to the frequency of legislative mee ting can be explain by several reasons. According to Texas former senator Will Harnet, â€Å"Annual sessions are expensive and can chase off quality law-maker that are paid as little as $7,200 a year†(Schechter).But in contrast, meeting annually has advantages that included dealing with complex problems, inishing works on time and reducing the number of special sessions (Schechter). For a state that is the second most populous in the nation, Texas is the only large state that has legislature meet every two years, the other states are Montana, Nevada and North Dakota, all with tiny populations (Schechter). Recently, this frequency of meeting has shown its disadvantage. The most obvious example is that during the summer of 2013, Texas Governor Rick Perry has called three back-to-back special sessions (Schechter).This puts a question mark on the Texas constitution, why ouldn't change the legislative meeting cycle to annual if Texas law-makers are not able to get their business done on time? New Hampshire has a much smaller population than Texas and still able to meet annually without any restrictions. The legislature meeting cycle is one big problem that Texas needs to amend into the constitution, not only to save the budget from all the extra special sessions but also giving law-makers a more flexible cycle to work on many complex problems.In the end, both Texas and New Hampshire constitution serve one and only one urpose is to maintain their societies within the law of the state and also in respect to the United Stated constitution. A society in which every individual are born with natural and unalienable rights including the right to worship, and that no human authority can restricts people from doing so. On the other hand, the differences of population, geographic and political beliefs are reflected on the word of each state's constitution, which in this case is the difference between the legislative meeting cycles.The Texas legislature apparently had experience the flaws of their cycle, eing said, it is now the time for the Texas government to reconsider amending their constitution, in order to create a better legislative system that is capable of getting their business to finish on time.
Monday, January 6, 2020
Like Water For Chocolate - Movie versus Book Essay
Like Water For Chocolate â€Å"Like Water for Chocolate†by Laura Esquivel, is a beautiful romantic tale of an impossible passionate love during the revolution in Mexico. The romance is followed by the sweet aroma of kitchen secrets and cooking, with a lot of imagination and creativity. The story is that of Tita De La Garza, the youngest of all daughters in Mama Elena’s house. According to the family tradition she is to watch after her mother till the day she does, and therefore cannot marry any men. Tita finds her comfort in cooking, and soon the kitchen becomes her world, affecting every emotion she experiences to the people who taste her food. Esquivel tells Titas story as she grows to be a mature, blooming women who eventually rebels†¦show more content†¦The images in the movie relate very closely to the amusing feeling the book gives us, giving us a high angle on the guests and long shots, showing us collectively how everyone was crying. At that night Nach a dies, and shatters Titas world. Later on Pedro gives Tita roses, and she decides to make quail in rose. The passion dripped from her to the dish, and made Gertrudis the older sister think of sinful thoughts. The aroma arousing from her reaches to a soldier Juan, who was Gertrudis dream, the moment is described magically: â€Å"A pink clod floated toward him, wrapped itself around him†¦naked as she was, luminous, glowing with energy†¦ without slowing his gallop, so as not to waste a moment, he leaned over, put his arm around her waist, and lifted her onto the horse in front of him, face to face†(pg 55-56). The movie draws a great parallel here, the picture is blurry a little as if it is a dream, and for the first time in the movie, which is very dimly lit and poorly lighted, the picture is bright, with a flowing movement of the two as they disappear. One of the most significant moments in the book is when Tita delivers Rosauras baby Roberto, the thing she loved th e most. In the movie however, the whole phase of taking care of Roberto in the kitchen and feeding him is very brief, which is very confusing for later scenes. As mama Elena senses that Pedro and Tita might have an affair going on, she sends them to one of her relatives in the United States. A little whileShow MoreRelatedCadburys Business Assignment11265 Words  | 46 Pagesonwards, the customers would be every one that likes chocolate they have a wide range of products such a cream egg this would appeal more to children than adults I would say as they adverts and the angle of the marketing addresses to children’s humour and to the nature of the commercial side of the business were as the product such a a dairy milk bar would appeal to a wider range of people such as adults as its simple and has very little child like qualities. 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