David Korten's The Physics Of Business Administration

Question 1: When Zinn refers to industrialists like Andrew Carnegie and John D. Rockefeller as “robber barons” he means that those industrialists are taking all the wealth and privileges for themselves and not sharing them with the rest of the country. When Schweikart and Allen refer to the industrialists as “titans of industry” they mean that they revolutionized the way of their industry and made their products cheaper and better and easier to produce.

In her book she also addresses the growing massive globalization of corporations into global Goliaths. She makes the claim that such large corporations may even be considered form of multinational government. Klein states that these huge corporations are squeezing out the competition and creating less competition to compete with within the markets, and less of a fight to attract consumers.

In Kenneth E. Boulding’s 1966 article The Economics of the Coming Spaceship Earth, Boulding outlines two specific types of economies. The first being an open economy known as the Cowboy economy and the second as a closed economy referred to as the Spaceman economy. Boulding states and elaborates key topics such as materials, environmental limits and energy in relation to how they could ultimately boost economic growth for society.

The rise of corporations in America in the mid to late 20th and 21st centuries directly coincides with capitalism and globalization.

The world we live in today is going through enormous changes in economics, technology, culture, politics, etc. The effects of the changes are not so clear, since it is hard to predict how each sector would affect the other and how society will be affected. However, analyzing past and present occurrences provides some information for experts to interpret society’s reaction in the future to different transformations. Globalization can be seen as a process in which societies around the world come together and expand through the combination of different forces. This paper will explore the effects of globalization on US companies, US society and economy, and the implications for other countries in the post-industrial world.

Economics can be applied in many situations where you wouldn’t normally expect it found. In “Freakonomics”, by Steven D. Levitt and Stephen J. Dubner, the authors attempt to reveal what is happening behind the curtain of modern day life by comparing what you would think are two completely different people or subjects, and they relate these seemingly uncommon topics to more sophisticated economic concepts. The authors initially claimed that there was no theme, but after reading the book I have realized that there are many misunderstandings in the standard wisdom that we know due to the fact that people usually do not look into the motives of a given situation to uncover the truth.

Social stratification implies the separation of a given populace into progressively superimposed classes. It is showed in the presence of upper and lower social layer. Its premise comprises in an unequal conveyance of rights and benefits, obligations and duties, social esteems, social power and impacts among the individuals from a general public. No general public is unstratified. Stratification includes the dissemination of unequal rights and benefits among the individuals from a general public. Social stratification is the division of society into lasting gatherings or classes connected with each other by the relationship of prevalence and subordination.

Freakonomics: A Rogue Economist Explores the Hidden Side of Everything by Steven D. Levitt and Stephen J. Dubner is an enlightening novel that shows people how the world actually works. Throughout the six chapters of this book, Levitt and Dubner delve into the complexity of the modern world. The authors of this book manage to ask questions that, though unlikely, actually shed light on how and why people do what they do, and the effects of their actions .They also manage to explain common misconceptions considered on a daily basis, unforeseen similarities between two unlikely groups, and how these things relate to the bigger picture.

‘Freakonomics’ was written by a University of Chicago economist by the name of Steven D. Levitt. The book is a collection of articles written by Levitt, an economist that has a reputation for applying economic theory to subjects not usually covered by economists. In Freakonomics, Levitt and Dubner, a co-writer of ‘Freakonomics’, state that economics is ‘the study of incentives.’ The book contains six chapters ranging from topics about cheating in sumo wrestling to legalized abortion lowering crime rate. While it was published in 2005, it covers many controversial topics from the 1990’s when America was in a pre-nine-eleven world.

“Morality, it could be argued, represents the way that people would like the world to work, whereas economics represents how it actually does work.” as once stated by Steven D. Levitt in his book Freakonomics, where he dives into the unknown world of economics. Through each chapter he and his partner, Stephen D. Dubner, sought up questions that one does not think about on a regular basis. For example, what is more dangerous, a swimming pool or a gun? What do teachers and sumo wrestlers have in common? Also they explain how something as simple as a name can affect one’s life. In the book Freakonomics, the writers seek to expand a reader’s knowledge of economics through the main argument that personal incentive is a hidden factor for most occurrences using statistics and algorithms.

This article relates to our class because it shows how the actions of one organization or country affects many other in international business.

The world is not a large and strange place anymore. The world is a place that is interconnected and intertwined. The world has become from a place that each country and their peoples are separate and isolated to a place that each country and their peoples are part of a global network. Thanks to globalization this is occurring. Globalization is the ‘international integration” or ‘de-bordering’ – “a number of highly disparate observations whose regular common denominator is the determination of a profound transformation of the traditional nation-state” (Von Bogdandy 2). Globalization is connecting different people from different cultures and backgrounds together. More and more corporations are entering new foreign markets to sell their

The inevitable growth of globalisation over the past few decades has gradually created the occurrence we now know as the “Trans-national Corporation (TNCs)”. This essay will aim to the highlight and explain the situation in which nation states are continually being reformed by these TNCs.

Governments might change or new political parties might be elected, but the concern of the multinational corporation is the continuity of the set of rules or codes of behavior and the continuation of the rule of law—regardless of which government is in power.

Boulding (1966) proposes that the Earth is transitioning from an open to a closed economy where unlimited exploitation of natural sources and sinks will eventually become limited. Boulding (1966) introduces the concept of the cowboy economy, which is open, resource exploitation and pollution disposal are limitless and emphasis is on consumption and production. The spaceship economy is closed, Earth has limited reservoirs for exploitation and pollution disposal, and emphasis is on stock maintenance.