Chapter 3 of the book is titled The Family as an Economic Unit. Here the authors discuss the importance of the concept of family for the functioning of neoclassical economic models. In the United States and other Western capitalist democracies, the neoclassical economics is the dominant paradigm for analysis and policy. In this context, it…
Tag: United States
Response to the narrative of the life of Frederick Douglass
Frederick Douglass is one of the most prominent African American heroes in the history of the United States. He was among the small group of pioneers who, through the example of their lives and brave political actions, advocated the abolition of slavery. During his lifetime, he gained popularity as a charismatic and eloquent speaker. He…
Should Art be devoid of Politics?
There has long been the contention that art, in all its various manifestations, should ideally by apolitical in its content. And this debate on the separation of art from politics has been as old as art itself. And those instances in which an overlapping of the two occur, controversy if not outright censorship ensues. A…
Alexander Hamilton’s role in establishing the US Treasury and laying the foundation for the American Economic System
Alexander Hamilton, alongside such luminaries as Benjamin Franklin, George Washington, Thomas Jefferson, John Adams and James Madison is rightly considered as a founding father of the United States of America. In the second half of the eighteenth century, when British colonies in America entered a period of fervent political change, intellectuals such as Hamilton played…
In what ways does ‘sociological sense’ differ from ‘common sense’?
Sociology as a discipline of study took off only in the twentieth century. The growth in communications technology, coupled with unprecedented levels of human migration, both facilitated and made necessary the study of human interaction from the perspective of ethnicity, race, class, gender, etc. Intellectuals such as Karl Marx, Max Weber, Emile Durkheim, Talcott Parsons…
Investment Through On-line Banking Services: Risks and Rewards
The growth of the Internet in the last twenty years has spurred the growth of on-line financial services as well. These days on-line banking and e-commerce have become ubiquitous, as financial transactions are carried out at users’ convenient place and time. An offshoot of this broader phenomenon is on-line investment services offered by various banks. …
Crimes against public order
Crimes against public order often register the highest number of cases each year in the United States. Such crimes can vary widely in the extent of their criminality, but its perpetrators are all liable to legal prosecution. Public order crimes are also referred to by other terms, such as “consensual crime, victimless vice, crimes without…
The USA PATRIOT Act and issues of privacy
The twentieth century has been a transformational period for human societies. As the process of industrialization advanced during this period, more people moved away from rural to urban settings. As a result major cities became overpopulated and towns expanded into cities. The meaning of ‘public space’ got expanded and redefined during this process. And when…
Business and Society: A Strategic Approach to Social Responsibility
1. Define technology and describe three characteristics that can be used to assess it. Technology is the set of processes and techniques that are employed to improve efficiency and scale of operations of a business. At its core, technological innovation is intended to bring about higher quality standards and greater profit margins for the company….
The most important considerations in the U.S. government’s decision to go to war with Spain in 1898
The tariff imposed by the American government, commonly referred to as the Wilson-Gorman Tariff of 1894 was an important contributing factor to the Spanish-American war of 1898. The conditions imposed by this tariff acutely damaged the economy of Cuba, which was then a Spanish colony. As the political and economic condition of Cuba was deteriorating,…