The Debate Of Economics Between Bentham And Aristotle
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A Debate of Economics Between Bentham and Aristotle
With all the many issues facing our country today it is difficult to pin down exactly what the biggest issue is, so instead of picking the biggest issue I decided to pick the issue that has affected people the most in this country as well as other countries which would be economics. When it comes to economics the biggest issue facing our country is that we no longer produce what we need to keep up with our economic system, so what if the philosophers that created the ideas and basic principles so long ago were around now, and furthermore, what if they were running for the two thousand sixteen presidential election? In the following I will present a debate between the famous philosophers Bentham and Aristotle in regards to the current economic system.
Moderator:
First question of the debate: How would you, as US president restore the production of goods to improve our economic system?
Aristotle 's Response
As someone who believes in economic equality I believe that economic scarcity is an inevitable aspect of human nature that being said, the action we must take as a country to improve is looking at economic actions as a opportunity to use goods only as an essential for life. To conclude my answer to this question I believe that as long as goods and services are used to have helpful uses to people it is essential to our economy because if we are putting money into goods that are useless it 's a waste of money, and
policymakers throughout the financial history keep monitoring and intervening in money and interest, trying to grasp these tools but not get hurt: governments interpret underlying signals sent by interest and implement monetary policies to boost economic growth and avoid aberrations.
Past failures in financial history have proved that the current understandings of money and interest need further adjustments. Therefore, how do money, interest rates, and financial system really interact with each other
EXAM – 1
BUS 522 – Dr. S. Jasso
APU Summer 2016
1. MORAL DEVELOPMENT
a. The six stages of Kohlberg’s moral development:
Level I. Preconventional Morality
• STAGE 1: Punishment and Obedience – Right and wrong is determined by rewards and punishment. Our behavior is motivated by fear of being punished;; an example of this would be that most people will not steal for fear of being punished (i.e. going to jail).
• STAGE 2: Instrumental Relativist Orientation - aka – looking out for number one
most basic human values is unable to make responsible decisions, justice and to give direction to economic, social, or environmental development of his or her country. This Assignment will focus on the concept of justice as a moral value belonging to category of “goodness” by using one of the books of Plato that resides heavily on defining an answer to the meaning of Justice and also distinguish between
Traditional branches are cosmology and ontology.
• Epistemology is concerned with the nature and scope of knowledge, and whether knowledge is possible. Among its central concerns has been the challenge posed by skepticism and the relationships between truth, belief, and justification.
• Ethics, or 'moral philosophy', is concerned with questions of how persons ought to act or if such questions are answerable. The main branches of ethics are meta-ethics, normative ethics, and applied ethics.
CHAPTER 1: Literature Review
Introduction
Public participation in political decision-making has been regarded as the foundation stone of the democratic process since the time of Aristotle and Plato’s archaic Greece. It is thinking that has transcended the ages: 18th-century political thinker Jeremy Bentham argued that government must make their deliberations publicly known so ordinary people are “placed in a situation to form an enlightened opinion and the course of the opinion is easily marked”
within the framework of economics. The other looks at tort law as a way of achieving corrective justice between the parties. If these are alternative camps, they are also to a large measure unfriendly camps: much of the time each treats the other with neglect or even derision. The development of each scholarly
lowest net costs (when all alternatives have only net costs).
Many businesses rely on such utilitarian cost-benefit analyses, and maintain that the socially responsible course to take is the utilitarian one with the lowest net costs.
Jeremy Bentham founded traditional utilitarianism. His version of the theory assumes
MICROECONOMICS:
A
G U I D E D
T O U R
PART ONE: INTRODUCTION Chapter 1 Chapter 2 Chapter 3
Ten Principles of Economics Thinking Like an Economist Interdependence and the Gains from Trade The study of economics is guided by a few big ideas. Economists view the world as both scientists and policymakers. The theory of comparative advantage explains how people benefit from economic interdependence.
PART TWO: SUPPLY AND DEMAND I: HOW MARKETS WORK Chapter 4
The Market Forces of Supply and Demand
that the world is now interconnected not only geographically but also electronically and psychologically; it is hard to imagine any business or nonbusiness organization that is not directly affected by globalization. Yet, as cultural, political, and economic differences persist, savvy international managers must be able to develop a global mindset in order to effectively adjust, adapt, and navigate the changing landscape they face on a day-to-day basis. In this new eighth edition of International Management