Political economy

argues that these desires have become detached from 'actual ' human needs. What is frequently overlooked, however, is the inherent critique of capitalism in the narrative of planned obsolescence and how strongly it builds upon Marx 's theory of political economy.1 Marx was already well aware of the fact that even perfectly functioning goods can lose their value and become obsolete, a phenomenon he termed “moral depreciation” (1992, p. 264). To Marx, the reason for this lies in the capitalist logic of

In general, economic neomercantilism stresses the need for the use of military and political force in conflict situations or defending "hegemonic position" for the purpose of strengthening the economic position of the dominant powers. Neomercantilism has two main strains that are relevant to IPE. The first largely neglects economic matters, and the second is more attuned to economic-political interactions. The first strain was evident in the views of Niccolo Machiavelli (1420-1527) who considered

143). The political economy approach draws its inspiration from the nineteenth-century writing of the Karl Marx and Fredrich Engels. Marx believes the human-nature nexus is inevitable. Because nature is the primary source of human’s means of subsistence. For Marx (2012

Issues in international political economy Explain the advantages and disadvantages of a single currency with regard to the case of the euro and the euro zone countries. Has the euro and its governance brought about economic stability and growth to all the euro zone countries equally? One of the most substantial evidence of European integration is the euro, which is the most widespread currency in 19 out of 28 European countries. Euro is used by 338.6 million people every day. The advantage of the

Less profitable firms or high debt firms could use SER disclosures to legitimise activities to lenders and shareholders (Haniffa and Cooke 2005). SERs can be used by managers to frame how Financial stake holders interpret financial information, specifically to manipulate stakeholders reaction to disappointing financial reports, by changing the focus and constructing a "disconfirmatory effect on the financial figures" (Neu et al., 1998, p.270). Qualitative positive disclosures with quantitative negative

Critically discuss conditionality of IMF loans from the perspective of different IPE theories. There are three IPE (international political economy) that includes, economic national perspective, liberal national perspective and critical perspective. These theories are used to analyze global political economy. Economic national perspective. Economic national perspective strains the importance of the states national interest and understanding actions in global perspective. This perspective is a

great contribution to economy. Meanwhile, Ricardo was regarded as a strong supporter of speech freedom and assembly but he strongly opposed Parliament Corruption and Catholic Prosecution. People might not understand what Ricardo’s idea but they support him due to his popularity in economics and political area. Ricardo and Malthus were good friends but this doesn’t stop them to search for the truth as they both, In 1817, David Ricardo has published Principles of Political Economy. The idea is to totally

Harriet Martineau was a social reformer, novelist, an abolitionist, feminist and sociologist. She was one of the first women journalists. Martineau was a self-taught expert in political economic theory, and wrote in abundance about the relations between politics, economics, morals, and social life throughout her career. When she was sixteen she had to deal with her increased deafness, which she described as ‘very noticeable, very inconvenient, and excessively painful.’ She taught herself how to

72) Malthus was pro Corn Laws and wanted to ban their imports as he believed that the economy needed to be protected and self-sufficient. Malthus sided with the landlord and he believed that if price of food increased then more people would starve and die which is a good thing for the economy to protect its natural resources. Malthus is willing to prevent development to achieve stability; he also believed that no social harmony could come

are the result of the past, so knowledge of the past is basically knowledge of the present. History and human geography go hand in hand. Combined and applied on the international scale, these sciences give a pretty good understanding about current political, cultural and economic situation in the world. I strongly believe my knowledge of these fields would provide a strong foundation for studies about global issues and challenges. However, in Lithuania and even on global level, there still is a lack