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Cyclopedia of Economics

By: Sam Vaknin

...hor A Abortion I. The Right to Life It is a fundamental principle of most moral theories that all human beings have a right to life. The existen... ... the surface." Aldous Leonard Huxley (1894-1963), British writer I. Overview of Theories of Anarchism Politics, in all its forms, has failed. Th... ...ully hand over the management of our daily lives and the setting of priorities to a political class or elite is thoroughly discredited. Politicians ... ...t closer to the right. Anarchism is an umbrella term covering disparate social and political theories - among them classic or cooperative anarchism... ...o the right. Anarchism is an umbrella term covering disparate social and political theories - among them classic or cooperative anarchism (postulat... ...n), and communitarian anarchism (Daniel Guerin). The narrow (and familiar) form of political anarchism springs from the belief that human communiti... ...diment of said subversion. The logical outcome is to call for the overthrow of all political systems, as Michael Bakunin suggested. Governments sho... ...involvement in the economy in his influential and exquisitely-timed "Principles of Political Economy", published in 1848. Undaunted by mounting evi... ...fellow humans (the only ones possessed of moral significance). These are called the theories of indirect moral obligations. Thus, it is wrong to tor...

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Capitalistic Musings

By: Sam Vaknin

...its that people do not behave in accordance with the predictions of basic economic theories, such as the standard theory of utility and the theory ... ...lain, seeking to perpetuate and increase its power ruthlessly, as per public choice theories. Both views are caricatures of reality. Governments in... ...hould be amenable to scientific treatment. "Prospect theory", "bounded rationality theories", and the study of "hindsight bias" as well as other co... ...id rigid reactions to attacks from within and from without. Many current economic theories do not meet these cumulative criteria and are, thus, me... ...ty. It is never explicit or known in advance. It is always arbitrary, or subject to political and geopolitical considerations. Thus, it serves to in... ... In a May 2001 paper, tellingly titled "Does the World Bank Cause Moral Hazard and Political Business Cycles?" authored by Axel Dreher of Mannheim ... ...s Private Investment Corporation), the British ECGD, and the French COFACE - shift political risk from buyers, project companies, and suppliers to ... ...l clientele (i.e., their willingness and ability to pay) - or in deference to their political and legal clout. Differential prices are not set by s... ...ents have sprung all over the world and their philosophy permeates the ideology of political parties in many countries, not least the USA. Taxes ar...

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Facts and Fictions in the Securities Industry

By: Sam Vaknin

...tion really the robbery in disguise of state assets by a select few, cronies of the political regime? Margaret Thatcher was accused of it - and so w... ...f the business (to show its track performance and growth). • Points regarding the political, legal (licences) and competitive environment. • A v... ...s has implications which are nothing short of revolutionary. Most of the financial theories we use to determine the value of shares were developed ... ...y was this oxymoron - the "earnings yield" - perpetuated? According to all current theories of finance, in the absence of dividends - shares are wo... ...on and re-investment - for present ones. The myth was born. Thus, financial market theories starkly contrast with market realities. No one buys sh... ...s little to do with its discounted future stream of dividends, as current financial theories teach us. But, if so, why the volatility in share price... ...times threaten the national economy and the very fabric of society and incur grave political and social costs. There are two types of bubbles. Ass... ...y the collapse of a series of nation- wide leveraged investment plans in 1997. Inept political and financial crisis management led Albania to the ver... ...y of other, less pious, pyramid schemes. They melted down and dragged economies and political establishments with them. By definition, pyramid sch...

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Contributing to Efforts for Greater Financial Markets Stability in Apec Economies

By: Apec Finance Minister Process

...…………………...…………………………………….. 1 I.1 Introduction ………….……………………………………………...…………. 1 I.2 Theories on Financial Market Stability ……………………………………...… 2 ... ...d the drafting of recommendations to Senior Finance Officials Meeting (SFOM). I.2 Theories on Financial Market Stability Financial markets are... ...ural problems in the economy, and public dissatisfaction with it may in turn lead to political instability. 2. The corporate sector’s riskiness: it... ...her economies • Possibility of not implementing Dodd-Frank Act, 2010 as it is due to political bickering and wrangles has the potential to underm... ...the degree of inflation in Mexico is quite low during the study period. Based on some theories, when inflation increases, the SMCI will decrease. Th...

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Great Thinkers, Great Ideas, An Introduction to Western Thought

By: Vincent J Falcone

...An introduction to moral, political and economic philosophy. Twelve philosophers in each category are featured, their basic theories are examined and provide the basis for discussion....

...rianism 82 Chapter 10 Kant and Schopenhauer: Idealism and Pessimism 90 Chapter 11 Nietzsche and Sartre: Naturalism and Existentialism 99 PART 3 Political Theory: The Relationship of Man and the State Chapter 12 Introduction to Political Theory 111 Chapter 13 Law: Understanding the Rule o f Reason 119 Chapter 14 Problems o f Government: Five Great Issues 127 Ch...

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