Laissez-Faire Essays - Political Spectrum, Right-wing Politics

Laissez-Faire Explaining a Concept: Concept of the Invisible Hand in a Laissez-faire economy By preferring the support of domestic to that of foreign industry, he intends only his own security; and by directing that industry in such a manner as its produce may be of the greatest value, he intends only his own gain, and he is in this, as in many other cases, led by an invisible hand to promote an end which was no part of it. Adam Smith, Inquiry into the Nature and Causes of the Wealth of Nations 1776. What business does a government have in commerce and trade? Why would a government want to interfere between two countries benefiting from each other by trade? What right does the government have in two individuals wanting each others products or services? According to some, commerce and trade should be permitted to operate free of controls of any kind; there should be no tariffs or other barriers. This is where the term laissez-faire is introduced. Its direct translation in French, leave alone to do, is self-explanatory. A strong believer in this type of economics is Adam Smith, both a philosopher and an economist. Born on 1723 in Kirkcaldy, Fife, he studied at Oxford, and became a professor of logic at Glasgow (1751), but took up the chair of moral philosophy the following year. In 1776, he moved to London, where he published An Inquiry into the Nature and Causes of the Wealth of Nations (1776), the first major work of political economy. This examined in detail the consequences of economic freedom, such as division of labor, the function of markets, and the international implications of a laissez-faire economy. Adam Smith is most remembered today for his explanation of our market system. A majority of people saw confusion when they observed economic activity in England during the middle of the 18th century. They saw everyone doing whatever they pleased and deemed necessary. Businesses produced whatever they wanted to make. Consumers purchased whatever they wanted to buy. No one told anyone what had to be bought and what had to be sold especially the government. And yet, somehow, businesses seemed to be providing the goods and services that consumers wanted and needed. Some might have called it luck; Adam Smith called it an invisible hand. And today, it is considered the laissez-faire economy. The invisible hand is a term for the unseen process of co-ordination which ensures consistency of individual plans in a decentralized market economy (Pearce, 220). Adam Smith introduced this phrase in his book, An Inquiry into the Nature and Causes of the Wealth of Nations (Book IV, Chap. II), who stressed the role that the invisible hand played in attaining a harmony of interests. Imagine this invisible hand suspended above everyone. This invisible hand encourages businesspeople to pursue profits and it pushes consumers to buy goods and services. And at the same time, that invisible hand discourages government from directing the economic activity. This invisible hand that Adam Smith refers to as a guiding force was the people and their attitudes. It all started with profit-seeking individuals. Using self-interest to feed their drive, people started businesses. When a business would become successful, others would notice and enter into the same field. As a direct result, growing consumer demand was satisfied while competition controlled rising prices. As demand grew, businesses were established in which workers shared tasks. This is called division of labor, in which one worker handled the first stage, another the second, and a third finished the product. The result was mass production, more efficiency, and lower costs. Mass production meant that people no longer had to grow there own food and remain on the farm; there would be enough to supply a large workforce. Paying all those laborers resulted in an army of consumers with money to spend. Adam Smith argued that an individual acting purely out of self-interest, would be a progressive force for the maximization of the total wealth of a nation. The role of the government should be permissive, creating a legal defensive setup sufficient to allow individual action. Interference with the free working of this natural order will reduce the growth of wealth and misdirect

Sample Scholarship Essay About Financial Need

Sample Scholarship Essay About Financial NeedIf you are looking for a sample scholarship essay about financial need, then the Internet is your friend. You can get a wide range of sample essays on these topics and several websites will help you compile this information for your own convenience. We will look at the most basic one.The most common kind of scholarship essay is the overview essay that will show you how financial need is a good thing and why you should study more and get better grades so that you can qualify for scholarships. This is a good essay to get you motivated. It helps to set up goals and see what you can achieve if you work hard.There are also different types of essays. The one on internships is quite similar to the one on scholarships. It will tell you all about scholarships and explain how internships make a difference in your life.One more essay on college loans will give you some information about the different kinds of college loans available. You can write an essay about your experiences with debts and credit and how you were able to pay them off and keep a balance to them.Most college students need money for college for a reason and writing an essay will be a great help. Write about what has made you successful in college and how you use the help you got and how it has helped you.College students who choose to apply for grants can put their essay into the template provided by the government so that they do not have to create it themselves. A single piece of paper will not contain too much information, so you can apply for several scholarships at the same time.There are many different essays and each one gives you a different view on the subject. You should find the one that best fits your learning style.

avalanches essays

avalanches essays Avalanches are massive downward and outward movements of snow and ice as well as soil and rocks. Three main factors that determine whether avalanches are likely to occur are the weather, the snowpack, and the terrain. The weather is the most important factor in determining if an avalanche will occur, but the other two factors need to be taken into consideration as well. Since ninety percent of all avalanches involve human subjects that trigger them, they are a major threat to life (McCafferty 38). Avalanches can leave death and destruction in their path and pose a great threat to the skiing industry. Most ski resorts in the western part of the United States try to prevent avalanches. They acquire specially trained personnel to toss grenade like explosives or shoot a bazooka like shell into the slope. The gun they use to shoot these projectiles is a 105-millimeter recoilless rifle (Cone 148). The explosives trigger the avalanche. They fire them into the mountain early in the morning so that the risk of having an avalanche during ski hours is lowered but even though they do this, it is not a definite that an avalanche could not happen. By studying the mountain the avalanche patrol learns where avalanches normally occur. These are called sweet spots. Avalanches often follow the same tracks year after year because they get funneled into the same valleys. In these areas, trees do not grow because they keep being removed by the avalanches. The shooting of these explosives is very successful and fortunately no one has ever been injured or killed (Goodwin 42). Avalanche experts offer these recommendations for skiers to follow so they can avoid or deal with avalanches. Their first rule is to know your terrain. Most avalanches occur on mountainsides where the slope is thirty degrees or greater. Secondly, do not ski alone. Only a few avalanche victims survive without help from others. Another recommendation is to know wha...

Productivity †Is It In You

Productivity – Is It In You The big deal these days, especially if you are in the romance arena, is to write very short books and write to market. You pen whatever is hot, pen it quickly, and sell it fast. For example, a bunch of writers are attempting to flood the market with short, clean, billionaire romance stories, offering them at a premium, publishing one a month or more. Then theyll use Fussy Librarian, FreeBooksy, and other sites (mini-Bookbub types of promo sites) in an attempt to accelerate interest and sales. Some authors are making serious bucks doing this. (So are all these sites!) I can see the logic and have spoken to authors who are living proof of its success, but Im not sure how long this method will work. Once upon a time, free ebooks were uncommon, but then suddenly everyone jumped on that train. The cost of ebooks dropped like a rock. Now it takes more than just offering a free book to snare readers. I mean, how many of these billionaire books can one person read? Dont get me wrong. Kudos to the folks making five- and six-figure incomes from this method, but these folks will change their marketing strategies as conditions change. They are smart entrepreneurs regardless of the methods used, and they morph with tools and concepts as they materialize. But right now, with so many people shooting out books like bullets, how long before the market is glutted? Even more so, how long can an author produce like that? (I wont get into quality of the writing, because that is so subjective; plus, some authors write faster than others.) For last years words belong to last years language. And next years words await another voice.  Ã‚  ~T.S. Eliot Writers were meant to produce words, with each book supposedly becoming easier. But you might want to be careful not to burn out using this method. Writing to market is SOOO tempting, believe me. It rambles around in my head, too, only with mysteries. Mark Dawson writes his John Milton suspense novellas fast and furious. The writer who wants to make good dough at this thing (even a living) realizes that the only â€Å"formula†Ã‚  is to keep producing quality work at a steady pace.  ~James Scott Bell Writing for a living is a two-part formula: Quality + Pace. Your quality must match the quality your readers expect, and you must find a pace that wont burn you out. Dont be sucked into what other authors are doing. Choose the quality and pace that suit  you best. After all, you need to be in this business for the long haul, not just through the fads.

Should Arizona Keep Trying to Vote Sheriff Joe Arpaio Out of Office Research Paper

Should Arizona Keep Trying to Vote Sheriff Joe Arpaio Out of Office - Research Paper Example Economic arguments have sometimes been in favor of the immigrants such as the fact that they are a cheap labor source for the industries in Arizona City. On the other hand, the social impact arguments have mostly been negative particularly because the immigrants are often seen to be undermining national identity, taking up resources and jobs from the local city residents as well as causing other related problems such as congestion. Although some analysts argue that immigration workers are providing the much needed labor for the booming construction industry in Arizona, it is undeniable that they have also imposed both social and economic costs on the Arizona residents. The costs incurred by the health care systems in the entire Pinal County have significantly risen over the past few years and this is largely attributed to the rapidly rising immigrant population (Okie, 527). Another social that is related to the rising number of immigrants is the currently high level of drug trafficki ng in the City and its environs. Many researchers however believe most of the illegal Mexican immigrants are smuggling illegal drugs such as Marijuana across the Mexican border and this as also resulted in high levels of violence and crimes in the city. The high number of illegal immigrants has also resulted into an increased crime rate in the City of Arizona. This is particularly evidenced by the fact most of the state and federal prisons in the city have doubled up their spending in a bid to accommodate the rising number of criminals who are mostly illegal immigrants. Additionally the cultural conflict between the immigrants and the locals is now evident in several parts of Arizona. The ethnic tension between the Mostly Hispanic immigrants and the locals is growing. Most locals regard the immigrants as â€Å"illegal aliens† and believe

Natural law and positivism Essay Example | Topics and Well Written Essays - 500 words

Natural law and positivism - Essay Example A segment of positivism purports that law and morality must operate separately. 'Natural law examines what the law should be' (Eglinton 2005). Eglinton states in his essay entitled Natural Law that 'Natural law overstates the relationship between law and morality, but positivism underestimates the importance of the relationship' (Eglinton 2005). Professor Jeremy Waldron has his own views on rights and democracy and the way the government attempts to mandate them by the use of laws. Professor Waldron believes that rights of a society are first and foremost in everyone's mind. He believes that Majoritism has it place in society. Unlike his opponents, Professor Waldron believes that the fact that the government allows the majority of the population to make decisions regarding laws and policies does not impede on the minority. His view is that the minority population is also considered because they too have been given the opportunity to choose or elect the officials that institute laws and policies. Waldron believes that although there are instances when democratic societies will implement laws that will infringe on the rights of the minority that the democratic process itself does not allow for the majority to be 'tyrants' to the minority.

Great Gatsby Essay -- essays research papers

The Great Gatsby   Ã‚  Ã‚  Ã‚  Ã‚  There are many different types of people in this world. Apart from physical features, it is the characteristics of a person that makes him/her original. Nick Carraway the narrator of The Great Gatsby, has qualities which are the complete opposite of those of Tom Buchanan, his cousin-in-law. In the novel, the author, F. Scott Fitzgerald, uses the comparison between two cousins to show how their differing characteristics reflects the themes of morality and reality versus illusion.   Ã‚  Ã‚  Ã‚  Ã‚  One of Nick’s Characteristics, that is incompatible with Toms is that Nick is cautious when speaking. On an occasion when Mr. Gatz said something that Nick disagreed with , Nick still hesitantly, agreed with him, as to not hurt an old man’s feelings; as apparent by the following quote: “If he lived, he would have been a great man. A man like James J. Hill. He’d of helped build up the country.’ ‘That’s true,’ I said, uncomfortably. (Pg. 164) Tom, who is at the other end of the rope, is very careless about what he says; he does not care if he hurts someone. At one time, he was very rude when paying only ten dollars to a dog seller on the street. “ ‘Is it a boy or a girl?’ she asked delicately, ‘That dog. That dog’s a boy. (Dog-seller) ‘It’s a bitch,’ said Tom decisively. ‘Here’s your money. Go and buy ten more dogs with it.’ (Pg. 28) This shows that Tom does not care if he hurts the feelings of the person to whom he speaks with. Nick’s carefulness when speaking and Tom’s Carelessness reveals a lot about their morality. It shows that Nick’s morals are high he can not hurt an old man who had just lost his son; whereas Tom’s morals are so low, that he hurts a poor stranger walking down the street, who is trying to make a living. The carefulness of speaking shows the theme of morality because it reflects respect for humanity. With the realization that the way one wants to be treated he or she treats the other person with the same respect.   Ã‚  Ã‚  Ã‚  Ã‚  Nick’s carefulness when saying something reveals the fact that he makes good judgements. An example of his g... ...door while we were getting ready to leave and when I sent down “?'; that weren’t in he tried to force this way upstairs. He was crazy enough to kill me if I hadn’t told him who owed the car. His hand was on the revolver in his pocket every minute he was in the house-’ He broke off definitely. ‘What if I did tell him (Gatsby)? That fellow had it coming to him. He threw dust into your eyes just like he did Daisy’ (Pg. 180) This shows Tom did not feel any remorse for telling on Gatsby. The fact that Nick has a conscience and Tom does not seem to have a conscience gives more depth of morality of these characters. Nicks sensitive conscience proves that he is a clean-hearted person; whereas tom insensitive conscience proves that he is a selfish person. The theme of morality is shown through their conscience actions.   Ã‚  Ã‚  Ã‚  Ã‚  The characteristics of human beings, can say a lot about what kind of person they are. Both Nick and Tom have characteristics that are quite the opposite. In showing the differing characteristics of Nick and Tom, Fritzgerald portrays the themes of morality and reality versus illusion.