scholarly journals Wordsworth against the Capitalist Ideology of Labor in “The Last of the Flock” and “Simon Lee”

2017 ◽  
Vol 7 (2) ◽  
pp. 132
Author(s):  
Shuting Sun
Keyword(s):  
Economic Activity ◽  
William Wordsworth ◽  
Moral Theory ◽  
Economic Thought ◽  
Moral Thought ◽  
Lyrical Ballads ◽  
Economic Thinking ◽  
Capitalist Ideology ◽  
The Way

In several places in the Lyrical Ballads William Wordsworth challenges the capitalist ideology of labor. In Wordsworth’s view one of the key weaknesses the way this ideology manifests itself in economic thought is the way it generalizes about different people and their situations. The result of such generalizations is that they miss out the different meanings people give to their economic activity and applies to them a crude classification of either rational or irrational. Wordsworth believed that this erroneous economic thinking had infected moral theory. In the Lyrical Ballads Wordsworth investigates specific instances of people for whom capitalist economic imperatives no longer make sense. The implication of these instances is that these people are being marginalized by their failure to be assimilated to alienated labor. They either fail to adapt to alienated labor or adapt to it for motives other than those prescribed by the capitalist ideology of labor. This article will show how “The Last of the Flock” gives an instance of the former kind and “Simon Lee” gives an instance of the latter. In the Lyrical Ballads morality critiques economic thought. Wordsworth uses poetry to reaffirm the authority of moral thought to inform economic thought. This is an act of rebellion against the tendency he saw in his times of economic thought to stand above moral thought.

To Understand the Informal (on the Book BY V. L. Tambovtsev “Economics of Informal Institutions”)

2015 ◽  
pp. 151-158
Author(s):  
A. Zaostrovtsev
Keyword(s):  
Social Psychology ◽  
Detailed Analysis ◽  
Human Behavior ◽  
Interdisciplinary Approach ◽  
Informal Institutions ◽  
Economic Thought ◽  
History Of ◽  
Original Classification

The review considers the first attempt in the history of Russian economic thought to give a detailed analysis of informal institutions (IF). It recognizes that in general it was successful: the reader gets acquainted with the original classification of institutions (including informal ones) and their genesis. According to the reviewer the best achievement of the author is his interdisciplinary approach to the study of problems and, moreover, his bias on the achievements of social psychology because the model of human behavior in the economic mainstream is rather primitive. The book makes evident that namely this model limits the ability of economists to analyze IF. The reviewer also shares the author’s position that in the analysis of the IF genesis the economists should highlight the uncertainty and reject economic determinism. Further discussion of IF is hardly possible without referring to this book.

Determining the discount rate when evaluating trade organizations: Some features

2020 ◽  
Vol 13 (1) ◽  
pp. 71-84
Author(s):  
E.A. Grigor'eva ◽  
A.S. Buzhikeeva
Keyword(s):  
Discount Rate ◽  
Economic Activity ◽  
Systems Approach ◽  
Market Value ◽  
Additional Risk ◽  
Evaluation Procedures ◽  
Analytical Research ◽  
Definition Of ◽  
Traditional Approaches

Subject. This article deals with the issues of determining the market value of the trading business, taking into account a number of characteristics. Objectives. The article aims to develop certain provisions of the methodology and practice of evaluating the business of trading organizations, namely, taking into account the additional risk of inventory feasibility when calculating the discount rate. Methods. For the study, we used a systems approach, and the cognition, and economic and analytical research methods. Results. The article presents a three-tiered classification of stocks and a definition of risk based on the criteria for dividing stocks by purpose, degree of implementation, and shelf life in accordance with the scale. Based on the classification, the article offers certain recommendations for determining the discount rate when evaluating trading organizations, aimed at taking into account additional risk. Conclusions. Various evaluation procedures within the framework of traditional approaches and methods in relation to trading organizations do not take into account risk specific to this type of economic activity. The proposed methodology for calculating the discount rate for trade organizations takes into account the features of their functioning.

THE ESSENCE, THE NEED FOR EVALUATION AND TYPES OF ECONOMIC POTENTIAL OF ENTERPRISES

2017 ◽  
Author(s):  
Olexandr Yemelyanov ◽  
Keyword(s):  
Economic Activity ◽  
Business Strategies ◽  
Enterprise Management ◽  
Value Assessment ◽  
Economic Potential ◽  
Enterprise Value ◽  
Development Assessment ◽  
State Of The Environment

The formation of business strategies of enterprises should be based on a preliminary assessment of their current and future economic opportunities. Such an assessment is to establish the value of the total economic potential of enterprises and its individual varieties. The purpose of this study was to clarify the essence of the economic potential of enterprises, justify the need for its evaluation and selection of its types. The main approaches to interpreting the terms "potential" and "enterprise potential" are identified. These include resource, result, resource-result, resource-target, and result-target concepts. It is established that the potential of any object, including the enterprise, can be interpreted as a set of its external functional properties, which this object shows or can show in a certain state of the environment in which it is located. Accordingly, the assessment of the potential of an object should be based on the identification and determination of its external properties, taking into account the environment in which the object is located. The main situations in which there is a need for information about certain components of the economic potential of the enterprise are identified, and the types of this potential and the consumers of the information about their level, corresponding to these situations, are determined. In particular, such situations include management of production and sales, management of financial and economic results of the enterprise, management of enterprise development, assessment of the company's need for various types of resources, assessment of enterprise value, assessment of current and future impact of the enterprise on the economy of the country (region), etc. The features of classification of types of enterprise potential existing in the scientific literature are supplemented by the following ones: by the main types of economic activity, by the dynamics of changes in the economic and production system of the enterprise, by consequences for the subject of enterprise potential assessment, by the stages of economic activity, enterprise potential, etc. The obtained results make it possible to improve the understanding of the complex patterns that underlie the formation of the economic potential of enterprises.

DEVELOPMENT OF THE BASIC CRITERIA FOR RUSSIAN COASTS TYPIFICATION

2017 ◽  
Author(s):  
Рубен Косян ◽  
Ruben Kosyan ◽  
Viacheslav Krylenko ◽  
Viacheslav Krylenko
Keyword(s):  
Coastal Zone ◽  
Coastal Area ◽  
Economic Activity ◽  
Basic Information ◽  
Dynamic Features ◽  
Static State ◽  
Evolutionary Features ◽  
Coastal Features ◽  
The Stability

There are many types of coasts classifications that indicate main coastal features. As a rule, the "static" state of the coasts is considered regardless of their evolutionary features and ways to further transformation. Since the most part of the coastal zone studies aimed at ensuring of economic activity, it is clear that the classification of coast types should indicate total information required by the users. Accordingly, the coast classification should include the criterion, characterizing as dynamic features of the coast and the conditions and opportunities of economic activity. The coast classification, of course, should be based on geomorphological coast typification. Similar typification has been developed by leading scientists from Russia and can be used with minimal modifications. The authors propose to add to basic information (geomorphological type of coast) the evaluative part for each coast sector. It will include the estimation of the coast changes probability and the complexity of the coast stabilization for economic activity. This method will allow to assess the dynamics of specific coastal sections and the processes intensity and, as a result – the stability of the coastal area.

Ronald Coase and the Difference between Markets and Firms

2018 ◽  
Author(s):  
Abraham A. Singer
Keyword(s):  
Transaction Cost ◽  
Economic Activity ◽  
Transaction Cost Economics ◽  
Theory Of The Firm ◽  
Tabular Form ◽  
Specific Investment ◽  
The Difference ◽  
Marginal Revolution ◽  
The Way

This chapter reviews the development of transaction cost economics and unpacks its theory of the firm. The chapter begins with the marginal revolution in economics and how it altered the way economists understood the corporation. It then reviews the work of Ronald Coase and Oliver Williamson, explaining how they provided a novel account of firms. Transaction cost economics emphasizes how firms use hierarchy and bureaucracy to overcome problems of opportunism and asset-specific investment to coordinate some types of economic activity more efficiently than markets can. The transaction cost account of the corporation’s productivity component is shown in tabular form in comparison with its historical forerunners reviewed in the previous chapter.

Studies in the Transmission of Latin Texts

2020 ◽  
Author(s):  
S. P. Oakley
Keyword(s):  
Fifteenth Century ◽  
Textual Traditions ◽  
The Way

After a brief introduction on stemmatic method, this book contains genealogical investigations of the textual traditions of Quintus Curtius Rufus and then Dictys Cretensis. The sections on each author begin with a list of MSS and incunables that will be discussed (they number just over 150 for Curtius, about 80 for Dictys) and then a survey of existing scholarship. There then follows the classification of the MSS and incunables; most of the MSS of both authors were produced in Italy in the fifteenth-century. In the section on Curtius MSS B = Bern, Burgerbibliothek 451, Br = Brussels 10161, and A= Paris, lat. 5720, owned by Petrarch are shown to have been very productive. For Dictys it is argued that a stemma codicum can be established. First witnesses related to G = Sankt Gallen, Stiftsbibliothek 197 (these include an important lost MS of Poggio) are discussed, then those related to MS E, the codex Aesinas, owned by Stefano Guarnieri. There follows discussion of the archetype, of the way in which proper attention to the stemma codicum can improve the text, and of the excerpts from Dictys found in MSS of Dares.

SUBSTANTIVE MORAL THEORY

2007 ◽  
Vol 25 (1) ◽  
pp. 1-27 ◽  
Author(s):  
Philip Pettit
Keyword(s):  
Philosophy Of Science ◽  
Moral Theory ◽  
Moral Obligations ◽  
Moral Issues ◽  
Moral Thinking ◽  
Scientific Thought ◽  
Moral Thought ◽  
Present Essay ◽  
Self Interest ◽  
The Common

Philosophy can serve two roles in relation to moral thinking: first, to provide a meta-ethical commentary on the nature of moral thought, as the methodology or the philosophy of science provides a commentary on the nature of scientific thought; and second, to build on the common presumptions deployed in people's moral thinking about moral issues, looking for a substantive moral theory that they might support. The present essay addresses the nature of this second role; illustrates it with substantive theories that equate moral obligations respectively with requirements of nature, self-interest, benevolence, reason and justifiability; and outlines a novel competitor in which the focus is shifted to requirements of co-reasoning and respect.

Analysis of Externalities of Economic Activity of the Enterprise

2021 ◽  
Vol 2021 (2) ◽  
pp. 86-94
Author(s):  
Dmytro V. Kozlov
Keyword(s):  
Transaction Costs ◽  
Economic Activity ◽  
Environmental Externalities ◽  
Negative Externalities ◽  
Time Duration ◽  
Marginal Costs ◽  
Positive Externalities ◽  
State And Market ◽  
The Impact

The problems of research of internalities and externalities with the further development of the general classification of externalities of economic activity of the enterprise are defined. The influence of negative and positive externalities on society and enterprise is considered. The concept of negative externalities differs from transaction costs. It is noted that transaction costs can be reflected in cash and can be offset by market inclusion in the price of the products, but this is not possible for externalities. It is emphasized that the purpose of economic activity of any enterprise is to exceed the positive externalities over the negative and achieve the maximum difference between them. The different time duration of the impact of the enterprise on third parties is given. The sign of externalities on the scale of action is emphasized. The externalities of the enterprise are considered in their essence according to the principles of sustainable development, highlighting economic, social and environmental externalities. It is emphasized that economic externalities can arise in the course of the whole business cycle of full-fledged work of all parts of the enterprise. In contrast to economic, social externalities affect people both within the enterprise, that is workers and citizens of the society in which the enterprise operates. And when it comes to environmental externalities, the mediator between the source and recipient of externalities is the environment. Externalities are distinguished according to the means of accounting and the degree of influence on the subject of perception. The necessity of regulation of externalities through internalization and actions of the enterprise with the help of state and market instruments is substantiated. It is emphasized that internalization is the transformation of negative externalities into positive ones in terms of convergence of marginal costs and benefits of the enterprise to marginal social costs and utility.

Sign in / Sign up

Export Citation Format

Share Document