Explain The raise and the fall of keynesianism Essay

Explain The raise and the fall of keynesianism - Essay Example This stems from the belief that unemployment is a result of insufficient demand for services and goods. This view was neoclassical and is defined as a ‘demand-side’ theory whose focus is short-run, in which aggregate demand strongly influences economic output especially during economic fluctuations such as recessions. Keynesianism was so much attached to the government policies in its advocacy (Keynes and Krugman, 2007). Keynes asserted that investment is a dynamic factor that determines the height of economic activity by responding to future expectations as well as interest rate variations. In this sense, he maintained that full employment could be fostered through deliberate action by the government. Such direct government influence on goods and services demand could be in terms of changing public expenditures and tax policies. The rise of Keynesian economics took place during later periods of World War II, the Great Depression, as well as the economic expansion after the war that is from around 1945 to 1973. Keynesianism was portrayed as a rational, beneficial, scientific advance in economic management providing a basis for triumphing over the crisis of capitalism and creation of just capitalist societies (Keynes and Krugman, 2007). The theories proposed by Keynes in the course of and after World War II gained worldwide influence and their adoption was an integral part of establishing new patterns of relations between labour and capital. This forms the basis on which the term Keynesianism is used often in broad reference to patterns of economic and political relations, which are associated with those policies and theories. The broad concept of employment, curiosity, and money proved to be a unique contribution that was acceptable to economic and political establishments propagating the spread of Keynes’s policies as well as theoretical ideas. Keynes was keen to oppose his theories to and

Accounting standards board Essay Example | Topics and Well Written Essays - 750 words

Accounting standards board - Essay Example Accounting Standards Board (ASB) believes that the statement of principles is a narrative of the fundamental approach underlining the financial statements of all profit oriented businesses.This approach is intended to be up-to-date,consistent internally and should also be in line with all other approaches adopted in the world.Despite the statement of principle assisting in the preparation of the accounting standards,they are also used by preparers and auditors who are faced with new or emerging accounting issues in order to assist them to carry out initial analysis of the issue involved.When reporting the financial position and performance of the firm, the financial statements need to reflect the effect of all transactions of the firm. This can only be achieved by specifying and classifying the items in terms of elements. These elements include: Gains: This is defined as the increase in the ownership interest. This occurs when the company has made a profit after deducting all the expenses from the sales. For example if a business sells a commodity for 4000 and this commodity had cost it 2500. Then we are told the commodity incurred operating expenses of 300, and then we can say the commodity had a gain of 1200. (Lynn, 2004)Losses: This is defined as a decrease in the ownership interest. This occurs where the business has more expenses than the sale price. For example, if one buys his goods at 1000 and sells them at 1200, we need to deduct the cost price and other operating expenses from the selling price. ... Assets: These are rights or access to future benefits controlled by a business as result of past transactions. These include things like premises, motor vehicles, stock, and cash in hand and at bank. (Lynn, 2004) Liabilities: This is an obligation to transfer the economic benefit due to past transaction. This is what the firm has in the business that does not actually belong to it but it is borrowed. For example the business might have taken a long from the bank of 10,000 to boost the business. This 10,000 loan is referred to as a liability. Ownership Interest: This is usually what the owner of the firm has actually contributed to the business. We get it by deducting the entities liabilities from the entities assets. (Accounting Standards Board, 1999) The above elements enhance financial reporting because these are elements that are included in the profit and loss account and those to be included in the balance sheet. For example, gains and loss commonly referred to as revenue and expenses respectively are included in the profit and loss account. On the other had the Assets, liabilities and the ownership interest is included in the balance sheet. (Wood and Sangster, 1999) Matching is not Regarded as the Driver of the Recognition Process The above phrase means that the gains or a loss should not be recognised at the same time. If the effect of a transaction was to create a new asset or a liability, then the new asset or liability should not be recognised immediately in the balance sheet once there is reliable evidence of its occurrence which should be in monetary value. Unless there is no change in the net asset or the change is as a result of the capital

Microsoft Xbox :: essays research papers

In the console-gaming world people know Sony and Nintendo. Microsoft may be the largest and richest software company in the world, but it’s unknown when it comes to console gaming. Microsoft is counting on the Xbox to change that perception. Gamers may not be willing to take a chance with the Microsoft Xbox, even if it is far superior to any console ever made. Nintendo Gamecube is nothing if charismatic. Nintendo’s new machine is half the size of any other console and looks like a toy with its brightly colored plastic shell and handle. It’s destined to be home of such popular games as Mario, Donkey Kong, Pikachu, and Kirby. Nintendo Gamecube seems mismatched as it goes up against the Microsoft Xbox and the Sony Playstation 2 (a multimedia mayhem that Sony says it’s supposed to be â€Å"The Future Of Entertainment†). All this makes you think; what makes Nintendo believe it can possibly go up against the ultra-sophisticated Xbox. The Microsoft Xbox has powerful components within that overpower any other console, including its CPU or it’s Central Processing Unit. The Xbox runs an Intel Pentium III 733-megahertz (MHz) processor. This is a lot more powerful than Nintendo Gamecube’s IBM Power PC 485-megahertz Gekko chip processor and even lower the Sony Playstation 2’s 128 bit â€Å"Emotion Engine† which is clocked around 294-megahertz. A few more components that make this console far superior to any other is its graphics processor, or GPU, which stands for Graphic Processing Unit. Microsoft had teamed up with Nvidia to create a chip that was made especially for the Xbox. The computer-based company ‘s 250-megahertz chip gives the console an amazing resolution of 1920x1080 pixels and 125 Million Polygons per Second. Sixty four- (64) megabytes (Mb) of DDRam back all this up, for great non-glitch games and smooth running. Nintendo also has a computer-based company teaming up with th em to create the 162-megahertz ATI Flipper GPU Chip. This chip can only handle around 6-12 Million polygons a second and is only backed up by 43-megabytes of DDRam. Another feature that is a first in the console industry is Xbox’s internal 8-Gigabyte (Gb) Hard-Drive or Hard Disk Drive (Hdd). This contributes too much of Xbox’s weight, but gives many features. With this you don’t have a need for a memory card to save your game files, you save them right to the hard-drive. This is a very nice feature on the Xbox, because it saves you money.

Breaking Social Norms

Before proceeding to a detailed discussion of my experience in breaking a social norm, there is a need to define and elaborate some of the types of social norms. Generally, social norms are accepted ways of thinking, feeling, behaving that people in a group agree on and endorse as right and proper. These social norms often take various forms. They can be institutionalized, thus becoming the standard rules of behavior in a society (e. g. law). They can also be manifest rules â€Å"that silently tells someone of the approved forms of behavior† (Light et al. , 1989).Hence, it can be said that social norms comprised most of the conventional behaviors perceived in a given society (it is generally noted that social norms differ across societies – spatially and periodically). Nonetheless, social norms are enforced differently. There are social norms considered to be rigid in application; that is, all members of the society need to follow such rules. These social norms are call ed mores. Frequently, mores are transformed into laws, expected to be followed by all members of the society (violation is considered to be a threat to social organization).There are also norms that are laxly enforced by members of the society. These are called folkways. Generally, folkways are the society’s web of cultural or spiritual rituals, traditions, and routines. Deviance (breaking a social norm is synonymous to deviance) is not considered a threat to social organization. Sanction for violating folkways or traditions is less severe than moral deviance. Breaking a Social Norm As part of the requirements in our sociology course, the professor asked us to break a social norm (without contributing physical or mental danger to other people).A paper will be submitted detailing the specifics of the experience. Initially, I had this fear of social retribution for violating a social norm. Rather than thinking of the form of action I will take in breaking a social norm, I focus ed more on the consequences. However, since the professor assured us that we were only required to break a â€Å"soft† social norm, that is, a norm laxly enforced by the society, I felt relieved. I began enumerating the possible â€Å"soft† social norms I could remember. I remembered that wearing pajamas in movie theaters usually embarrasses many people.Usually, you will hear people talking of your â€Å"fashion style. † Other people usually gossip of the â€Å"strangeness† of the â€Å"person at his/her front† (a person wearing pajamas). However, as a student of sociology, I would never accept such assertions unless validated by experience or empirical research. Thus, for the first time, I became enthusiastic of my forthcoming experience. There were two things I considered before breaking a social norm: the color of the pajama I would be using and of course, the relative number of people in the theater. Usually, people going to movie theaters are embarrassed to see persons wearing yellow pajamas.I really do not know the reason behind this observation. What I really cared is that it is possible that the people are reacting not on the appropriateness of wearing pajamas in movie theaters but on the color of the pajamas. Hence, I used a white pajama to eliminate this possibility. The relative number of people going to theater also poses another problem. If I chose a theater which is seldom visited by people, then I will not be able to fully substantiate my deviance. Because deviance is partially measure by the degree of disagreement by the deviant and the society (this is really hard to measure), number is a factor.Hence, choosing the â€Å"right† movie theater (which is observed to be a frequent visiting place for many people) is a factor in executing the experience. I wore a white pajama that day. The movie theater was four blocks away from my residence. I decided to walk. It was about 4 o’clock in the afternoon. In the streets, I noticed that some people were staring at my pajamas. Some of them laughed; some threw a smile on me (most of the persons who laughed were men). It was clear to me that my pajama was causing the â€Å"disturbance† (or more appropriate, the social labeling of a deviant).Then I entered the entrance door of the theater. I noticed that the guard was somehow reluctant to allow me to enter the movie theater. Because I bought a ticket, he had no choice but to allow me to enter the place. Upon entrance to the theater, I saw some persons staring at me. Definitely, they were thinking that my dress is not an appropriate one when going to movie theaters. After a few seconds, they fixed their eyes on the movie screen. Then, I began to walk in the stairs of the movie theater just to take note of the reactions of the people I passed by.Some people were annoyed at the â€Å"inappropriateness† of my dress. I could trace it on the movements of their eyes. I knew that t hey were directing their view to my dress. Then, I settled on a seat located on the right side of the movie screen. I noticed that the person at my back was directing a laugh to his date. I guessed my dress was the cause. I felt a little distressed on the reactions of the people on my dress. Added to that, because I was the only one â€Å"wearing a strange dress†, I felt that I was the focus of attention (disregarding the fact that most of the people in the movie theater focused on the movie).Then, I noticed that almost all people in the theater were back in their usual â€Å"business. † The person at my back stopped from laughing. Most of the people fixed their eyes on the big screen. During the climax of the movie, I felt that everything was back in the normal. It seemed that that movie altered the focus of the people. Instead of fixing their eyes on my dress, they directed it to the movie screen. The movie screen (and the movie, of course) was a big help. When the m ovie was about to end, I noticed that some people were again fixing their eyes to my dress.Some people passing by my seat just ignored me. I felt a little relieved having observed that many people were ignoring me. I felt a little surprise when one of the movie-goers asked me the reason for wearing a white pajama in the movie theater. I said that it was my custom in when going to movie theaters. The person threw a smile at me. I know the thing running in his mind. He was really struck to see a person wearing a white pajama in the movie theater. Breaking the social norm I chose was not really easy. I knew that people would perceive me as a deviant once I start breaking a norm.Although it was a â€Å"soft† social norm, the propensity of a general reaction from people would surely be manifested in their covert behavior; that is, their â€Å"silent† disagreement over the inappropriateness of my dress would surely result to gossip and laughter. These general reactions thoug h were proven (through my experience) to be momentarily. These reactions were the result of initial discomfort or uneasiness to some people going in the movie theater. Gender difference with regard to the intensity of reaction was significant. Most of the people who laughed at my dress were men.Since the norm I broke was a â€Å"soft† one, I did not experience any harsh moral sanction. The reason lies on the nature of the norm itself. The norm is part of the routine activities of the people (that going to movie theaters with pajamas is not appropriate), hence does not constitute any moral evaluation. Thus, the sanctions (gossip and laughter) that were directed to me by some of the movie goers were correlated to the type of social norm I broke. Personally, I would really like to repeat this experience (not for experience’s sake) for empirical validation.Empirical validation is usually effective when multiple points of experiences are examined. In this case, repetition s erves as factual and theoretical validation of some elements of social deviance. References Light, Donald. (1989). Sociology. NY: McGraw-Hill Companies. Social Norms. (2007). Retrieved on October 27, 2007 from http://72. 14. 253. 104/search? q=cache:eMCHZe0mVroJ:www. buec. udel. edu/kimt/Leading%2520People/10. 11%2520Social%2520Norm%2520%26%2520Communication. ppt+definition+of+a+social+norm&hl=tl&ct=clnk&cd=2&gl=ph&client=firefox-a.

Criminal Justice Systems And Its Effect On Parole Board

Victoria criminal justice systems , are designed to regulate members’ attitudes in the society, implement law and order, and to bring those offenders who commit crimes before the court of justice. In the assessment paper, observation was conducted through a range of scholarly research/ newspaper reports, articles, The age, Herald Sun, Victorian General news wires. Critical analysis , was also conducted to different issues, thus; Victorian government tougher sentencing on crimes to implement â€Å"law and order†, overcrowding prison, PSOs, mandatory sentencing, statistics approach, Meagher rape case and impact on parole board. Johnston Ainsworth( 2014) article, observation on the debate at parliament house, Victoria Premier Dr†¦show more content†¦Consequently, overcrowding prison is the outcome. Critically, the study didn’t provide alternative way of how to govern, and how to control society! In fact, tougher sentencing, and social classes divisions, are critical factors, would contribute in one way or another to increasing crime rates factor, and subsequently overcrowding prison. In his approach to overcrowding, Victorian Supreme Court Justice Simon Whelan, stated that, introducing new sentencing policy, this would in fact , increases the mass number of inmates / overcrowding prison, and potentially increases the rate of recidivism, far more faster impact . Furthermore, overcrowding condition, increased prison population this in fact, would lead to â€Å"riot†, inadequate rehab, and government financial burden/ build more prisons impact. Baidawi et al (2011) in their observation to overcrowding, as given shorter sentencing, that includes minimum sentencing option for an early release to older prisoners, to give rooms for new inmates accommodation. Alternately, Baidawi, didn’t state in their approach, how to deal with criminality of older people and how to handle them, if not incarcerated them? What alternative should be applied to those older criminals who committed gross and how to protect community from risk of reoffending after released? Baradaran Mcintyre (2012),

Is Meursault an Existentialist Free Essay Example, 1000 words

This can be explained in the view that people are social beings. For that matter, even if people can prioritize his own nature and his own self, having concern for others is how one can be human. This can be considered as the basis that it is common for the majority to make choices that are both for his good and that of other people. In the study under study, the choices made by the main character at the end of the novel can be considered as the expression of the human beings for making decisions for the good of himself and other people. Though the character can be less sensitive in feeling and expressing his emotions, it cannot be denied that in being human these emotions are innate and therefore are expressed consciously or unconsciously. Based on the presented notion then, it can be determined and expressed that Meursault is an existentialist. This can be attributed to the fact that the character exists on certain predisposed philosophy that is mainly based on his method of sur vival. We will write a custom essay sample on Is Meursault an Existentialist or any topic specifically for you Only $17.96 $11.86/pageorder now The perceived reaction of the outside word can be based on the actions that he is showing in comparison to the stereotypical categorization of such actions. For example in the wake of his mother, the lack of indication for mourning can be considered out of the norms and even to the point of being disrespectful in the view of other people but it is important to consider that he can have the character that does not conform and is incoherent to the behavior of the majority. For that matter, he can be judged as a ruthless being. Based on the concepts presented, existentialism then liberates a person from the binds of misconception in terms of the morality. This can be attributed to the fact that what a person is commonly what other people can perceive. This is in the absence of any pretenses. On a personal note the most important premise of the philosophy lies in terms of anthesistic existentialism. It declares with greater consistency that if God does not exist there is a least one being whose existence comes before its essence, that which exists before it can be defined by any conception. This can be attributed to the fact that even through the long history of the physical environment as well as the history of human civilization, there is a continuous quest for knowledge regarding the origins of the different entities but only a small percentage of knowledge can be considered acquired and confirmed. For that matter, even through the essence of the things around cannot still be determined, existence still continues.

Dorian Gray - 1668 Words

4/18/11 Heaven or Hell â€Å"The mind is its own place, and in itself, can make heaven of Hell, and a hell of Heaven.† (John Milton). How an individual lives their life is based on numerous things such as: how they were raised, what type of environment they are in. However, in The Picture of Dorian Gray the main character Dorian says â€Å"Each of us has Heaven and Hell in him, Basil!† (Wilde 133). What Dorian is saying is that no matter how one is raised, and what environment one is in they will always do good and bad. In, The Picture of Dorian Gray the character Dorian by nature is a humble charming good- natured fellow; however, once he meets Harry he turns into a secretive, sordid, egotistic human being. Dorian is a chief example for a person†¦show more content†¦With this being said, Dorian can be held accountable for tarnishing his acquaintances reputations. By the same token, Harry can be held responsible for Dorian’s downward spiral to his treacherous end. In the Vict orian era, who you know and what you do was your reputation. Therefore, if you did horrific things in your daily life, your name would be slandered and become rubbish in addition to being valueless if someone who you were acquainted with were to find out about your deeds. This was mainly only for upper class ladies and gentleman, such as, Dorian and Harry. Dorian was once a man who many people loved, admired and desired to know. However, once he began experimenting with drugs and all the tremendous amounts of vulgar acts he became a man â€Å"†¦that a man like the Duke of Berwick leaves the room of a club when you enter it†¦whom no pure-minded girl should be allowed to know and whom no chaste woman should sit in a room with†¦Ã¢â‚¬ (Wilde 127). Dorian’s reputation had gotten so bad wives and husbands separated and lived in different homes. Lady Gwendolyn’s children weren’t allowed to live with her and no one decent woman would take ride with her in a park. Just the mere mention of a connection with Dorian and someone else could ruin that person’s life. However, Dorian was not always so hellish and evil, but he was influenced to be; Harry Wotton was the trigger of Dorian’s downfall. Harry Wotton was a man of philosophies; however, theseShow MoreRelatedThe Picture of Dorian Gray: The Sins of Dorian Gray Essay519 Words   |  3 Pagesattainable to become perfect without giving something in return, possibly your soul. This is a theme challenged in the novel The Picture of Dorian Gray by Oscar Wilde. We see the tragedy of a young beautiful Englishman, Dorian Gray, who becomes a vain sinner dedicated to pleasure. Dorians inner secrets and weakness of mind becomes his downfall. In this novel Dorian Grays apparent perfection is destroyed by his weakness of mind and naiiveness, which becomes the downfall of his soul as his mind is openedRead MoreThe Picture Of Dorian Gray1576 Words   |  7 PagesTransformation in Literature Greek Philosopher Heraclitus once said â€Å"There is nothing permanent except change†. In Oscar Wilde’s The Picture of Dorian Gray, the theme of transformation is constant throughout the novel; however it is not portrayed as something that is permanent. Through the protagonist’s transformation, Oscar Wilde s novel is suggesting that the hedonistic lifestyle, a lifestyle where gaining pleasure is the main goal of a person’s life, may seem like it is an exciting and wonderfulRead MoreThe Picture Of Dorian Gray1482 Words   |  6 Pagesreturn give to the same story† (Foster 185-186). One book that is a part of Foster’s story is Oscar Wilde’s The Picture of Dorian Gray. 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Each of the three main characters, Basil Hallward, Lord Henry Wotton, and Dorian Gray portray a part of how the author felt about himself and the world around him. â€Å"Basil Hallward is what I think I am: Lord Henry what the world thinks of me: Dorian what I would like to be- in other ages, perhaps† (qtd. in Bloom pg. 117)Read MoreThe Picture Of Dorian Gray957 Words   |  4 Pagesof Dorian Gray. He infuses what it means to be an outsider in almost every character in the story. The most important of these characters are Dorian Gray, Henry, and Basil. Each show what it means to be an outsider in his own individual way; whether it is an outsider among society, among a group of friends, or fro m a person’s own self. The main character, Dorian Gray, possesses most attributes of being an outsider. The most obvious way is being an outsider from himself. The picture of Dorian ages