The Debate Of Economics Between Bentham And Aristotle

Economically there are many challenges we face as a country with our current fiscal policies. Since the 2008 financial crisis, there have been many debates in regards to how we should go about managing our financial system. Unfortunately, we as team believe that in order for us to stabilize our nation financial issues we are going to have to make restrictions in certain channels, which might affecting our way of life. One area needing attention is government spending and how it has to be reduced, and this would have a ripple effect in certain areas. Our elected officials will have to come to a compromise and determine which sectors are costly and can be reduced.

1. Law enforcement agencies seek for lawbreakers to create problems in which they are fined for crimes they have committed. They want this to happen in order to create fines for these criminals in order for the agencies to make a certain amount of revenue from the fines that the lawbreakers pay as a consequence of their actions. Some laws that law enforcement agencies set up in order to create this type of revenue off of lawbreakers include speeding tickets. The action of speeding can cause more good than harm because of the amount of revenue that speeding tickets can produce, compared to the amount of speeding related automobile accidents that people who

ANSWER KEY Chapter 1 Chapter 1–1 II.D. the accumulation of those economic products that are tangible, scarce, useful, and transferable 1. scarcity of resources, which results from society not III.A. the market having enough resources to produce all of the things people would like to have III.B. the markets in which productive resources are bought and sold 2. A need is a basic requirement for survival and III.C. in product markets IV.A. the amount of output produced by a given amount of inputs in a specific period of time

Locke and Aristotle differ when it comes to their views on property. Locke tends to have more of a focus on individualism and property ownership. He claims it is valid for the land to be divided disproportionately based on how hard each individual wants to labor. On the other hand, Aristotle concentrated on the community as a whole rather than the individual. Therefore, Aristotle believes that land is given proportionality to the entire community. Additionally, the two philosophers disagree when it comes to building up the value of land. For Locke, the amount of labor fulfilled drastically increases the value of land by a great margin. Locke maintains that a piece of property’s worth is generated through labor, meaning, the more work one does

For the economy, I want to strengthen our economy by creating jobs for American workers by ending tax loopholes for corporations. Providing tax cuts to small businesses and investing in a clean-energy economy, while putting Americans to work will rebuild our infrastructure. I would start by providing stimulus for the economy by giving everyone money to spend. When everyone gets the money back, they will simply spend it on products that will put the money back into the economy and jump start the economy and production. I am against waivers for private colleges because it does not work for the less fortunate part of the economy that cannot afford a way of transportation, for their child to get to the private school. The economy needs to cut taxes on small businesses so that those small businesses can grow and growth is what America needs. Part of the way I wish to see America grow is by increasing to our military and keeping us safe, because if we do not insure our safety and security than our efforts to rebuild our economy would have been for nothing.

The important subjects of the modern sciences would not be taught to people around the world today, and there would be a lot less people with the knowledge to make the world the better place it is

Then raise the tax on alcohol and tobacco. Then do some refinancing of governments spending. With all the money that this creates setup cheep but nice government housing, government grocery stores and government clothing stores. Then setup a job-training program, like the ones the Obama administration is already doing, that gives poor people government jobs. Also send the best teachers to the ghetto schools. These programs will not work unless the poor work to get out of there citations. By taking all of those steps, the people whom don’t know what to do with poverty in the United States will see how this country still have some chance to grow out of

How would you change the Tax code? Balance the Budget? Pay down the US debt?

Think about you’ve just been elected to be next in line to become the president of the United States, what will you focus on or improve to keep America the best country to live in.The government needs to help improve the economy. To do this the new president Trump needs to improve taxes and healthcare and make them reasonable for everyone. Then he needs to focus on making more jobs available for the growing population.

First thing we would have to do would be to get rid of the corruption, this could be by impeaching the president for trying to eliminate certain amendments or possibly by having people do their own work. The next thing we would have to do would be to tone down on our media, we cannot be constantly bashing on other countries. And next would be to make people who are on welfare who can actually work work, and to get welfare you have to do a mandatory drug test. And lastly we need to pay more attention to bullying and stop

Why is it that within our U.S. Economic System, we must make choices, sacrifices, and trade-offs in order to obtain enough goods to be sustainable? Why are we charged to produce and consume goods that are wanted by society? The answer to these questions is scarcity. The economic term scarcity represents one of the most fundamental, recurrent problems that we as a country, as well as everyone around the world, face today. The definition of scarcity, according to Investopedia, is a "basic economic problem that arises because people have unlimited wants but resources are limited" ("Scarcity Definition," 2003). In other words, due to the limited amount of resources available to us, there are not enough resources to produce the required amount

There are four long-term challenges facing the US today that must be addressed by the next President and Congress. These are serious challenges, and are not small tasks to accomplish. By any means the challenges the next President and Congress faces will be discussed in fully on how they impact the economy and what steps should be taken to fix them. Before I deliberate the four topics in detail - I am going to give a brief description of each topic; The first topic that most importantly needs to be discussed is the national debt, When someone mentions $17 trillion dollars what do you think? What comes to most minds is that is an excessive amount of money. Truth be told that is sadly the amount of debt the United States has incurred, and that number is growing at an extensive rate each day. When I have concluded the ending of my discussion the debt will have already increased significantly. That deficit will need to be reduced through a combination of spending cuts and/or revenue increases that will yield a net savings of $1.345 trillion dollars by 2030.

Scarcity shows us the basic economic problem, where humans have unlimited wants, yet there are only finite amount of resources. Therefore, there are not enough resources to fulfill these unlimited needs. One real world example of a scarce resource is coal. Coal is a resource used for fossil fuel and is a combustible rock. Coal is used for “electricity generation, steel production, cement manufacturing and as a liquid fuel”. As you can see there are many uses for coal, thus there will be companies needing as much coal as they can get, however there is only a finite amount for everyone, therefore it must be allocated correctly in order to satisfy those needing coal for self interest and their own objectives.

Aristotle and St. Augustine both wrote philosophical works in order to teach us something that they have learned, in hopes that we will apply it to our own lives. However, Augustine uses a type of autobiographical style in addition to treatise in his works, while Aristotle only uses the treatise style in his works.What were they both thinking when they were writing these famous works? Did they use their respective styles to achieve a goal?

Scarcity is the condition in which human needs are everlastingly more noteworthy than the accessible supply of time, products, and assets.