Classical and Neoclassical Economists Adam Smith and...

In order to understand how economics really work in today’s age we must think about how those economic ideas, revolutionary theories of many economists, that helped to shape the economic structure as we know it now, through many individuals and school of economic though that has existed through the ages. These schools are â€Å"the mercantilists, the physiocrats, the classical economists, Marxian economics, the neoclassical economists and the monetarist economics. For this essay I will only refer to the classical economists and the neoclassical economists. The two most influential economists that helped to shape our economy with their thoughts and theories that are still used in modern economy are Adam Smith a classical economist and John†¦show more content†¦The classical economists were mostly English economists in the 18th and 19th century and they were the first real economists. One of the most famous classical economist is Adam Smith. Adam Smith was Scottish born in 1723 and died in 1790. He was the most influential economist and it could be said that he is the father if classical economics. Adam Smith had developed many economic theories that are still used to this day, many of his books had made a great impact on the development of economic thought. The main publications that Adam Smith had written are Theory of Moral Sentiments and An Inquiry into the Nature and Causes of the Wealth of Nations, both are of great importance. Most of his influential theories can be found in the â€Å"Wealth of Nations†. Adam Smith was known for advocating the laissez-faire . One of the main theory that Adam Smith had come up with is whats called â€Å" the power of invisible hand of free enterprise†. This theory suggest that by acting in our self-interest, we help other through invisible hand, therefore you as well as the society benefit from self-interest. An example of that could be, if an person set up a company to make as much profit for himself as possible, he will also create employment for other people, therefore both parties benefit though the use of â€Å"invisible hand†.Show MoreRelatedThe Keynesian Era During The Middle Of The Nineteenth Century1720 Words   |  7 PagesBefore the â€Å"Keynesian† era in the middle of the nineteenth century, economists Adam Smith, David Ricardo, Thomas Mathus, and John Stuart Mill all shared somewhat similar economic views of the world. Some of the main concepts covered during this time included the division of labor, theories of rent, value, and distribution, theories of market â€Å"g luts† and population, and opportunity cost, competition, and trade. These classical economists believed capitalism was the foundation for an efficient economyRead MoreThe Impact Of Neoclassical Economics On The Economy Essay1344 Words   |  6 Pages Neoclassical Economics is an attempt to restore some of the principles that Adam Smith, a pioneer for capitalist markets, advocated for in his Classical Economic theory. Smith suggested that minimal intervention should be required regarding government policy as the laws of supply and demand will be self-correcting. John Maynard Keynes was an important figure that worked to apply fiscal policy that would remedy an economic depression. Keynes’s idea of fiscal policy is the means by which governmentRead MoreWhat Do John Maynard Keynes, Richard Norgaard, And Fred Block And Margaret Somers Essay1232 Words   |  5 PagesWhat do John Maynard Keynes, Richard Norgaard, and Fred Block and Margaret Somers have in common? Th ey all challenge widely accepted economic thinking and support thoughtful, progressive government action in the midst of social crises. In the 1930s, Keynes debunks a rationale for a laissez-faire system that was perpetuating large-scale human suffering and made a strong recommendation for government intervention. Norgaard then broadens Keynes’s critique of assumptions underlying free-market ideologyRead MoreInvoluntary Unemployment And Its Effects On The Economy2903 Words   |  12 PagesContrary to what some economists believe, involuntary unemployment is a very real and continuous presence in the economy, both past and present. In the United States, the unemployment rate measures the number of people actively looking for a job as a percentage of the labour force. According to the Bureau of Labor Statistics (BLS), the current unemployment rate is at 5.4 percent, down from the high unemployment levels of a lingering 10 percent during the most recent recession less than six yearsRead MoreInequality And Class Conflict : A Labor Theory Perspective3379 Words   |  14 Pagesstill remains. For many neoclassical economists, the unnaturalness of income inequality and class conflict has been lost to the undergrowth of history. As far back as feudalism, the separation of (as coined by Karl Marx) bourgeoisie and proletariat has been instigated by the uneven distribution of political and capital power. However, in the eyes of many Labor Theory of Value economists, the sanctity of the free economic system is threatened; Adam Smith, Thompson, Hodgkin, Keynes, Veblen, and Marx eachRead More Economics Essay1698 Words   |  7 Pageslaws. They would condemn usury and regarded commerce as inferior to agriculture.   Ã‚  Ã‚  Ã‚  Ã‚  It wasn’t until 1776 that economics became a study of its own. Adam Smith is considered the father of economics. Through his work Inquiry into the Nature and Causes of the Wealth of Nations, he used mercantilism and physiocracy to develop classical economics. Smith emphasized consumption, rather than production to broaden the scope of economics. Modern thought still follows his examples for permitting self-interestRead MoreEconomics12898 Words   |  52 PagesECONOMICS CHAPTER 1 ECONOMIC WAY OF THINKING SCARE RESOURCES WEALTH OF THE NATIONS ECONOMICS: ADAM SMITH STAR CITY Scarcity Scarcity is the basic and central economic problem confronting every society. It is the heart of the study of economics and the reason behind its establishment. Authors have defined scarcity in various way some if which are complexly stated. One author defines scarcity as a commodity or service being in short supply, relatives to its demand (KapurRead MoreThe Impact of Agricultural Sector on Economic Growth in Nigeria18675 Words   |  75 PagesOF THIS INAUGURAL LECTURE In exploring the conceptual identity of my Inaugural lecture, I examined a sample of prevous Inaugural Lectures in terms of substance, content and style. I found that most previous lectures followed a ‘traditional’ or ‘classical’ stereotype, character ised by a rehearsal of own academic and research accomplishments. 6 While this approach is necessarily scholarly and desirable, I have however opted to take a somewhat ‘liberal’ approach. My liberal approach involves bothRead MoreTrade Openness and Economic Growth in Nigeria23422 Words   |  94 PagesLITERATURE The issue of whether trade and increased openness would lead to higher rate of economic growth is an age-old question which has sustained debate between pro-traders and protectionists over the years from classicalists like Adam Smith, John Stuart mill, to John Maynard Keynes, Raul Prebisch, Hans Singer, Paul Krugman and many others. Theorists from both theses have influenced policy many countries and at various stage of development there has also been a huge policy debate about what constitute â€Å"good†

What Makes Me, Me - 2865 Words

Francisca Flores Dr. Lind Creative Writing 3/0916 What makes me, ME? I was an ordinary girl , I wasn’t a troublemaker if you will , I was quite and shy girl , but at the end of the day I felt an emptiness within myself , I was just tired of following the beat of the world. Several times I can say that my sleep was gone and my heart was full of sorrow , I dread the pain that was waiting for me tomorrow and when the sun revealed my broken were scattered on the ground. You see, every time I faced a mountain, that I never faced before it seems like all I can see was the struggle. I thought I could control whatever life would throw my way, but I found myself haunted by ghosts that lived in my past bound up in shackles of all my failures wondering how long is this gonna last. That s why I called on the Lord I knew it had been awhile, But I asked Lord to please hear my prayer, I needed Him like I never have before. Then He look at this prisoner and say to me daughter Stop fighting a fight that s already been won† . I will admit this has brough t me to my knees! His Love is so much stronger than whatever troubles me. I can freely say that I am redeemed, He had set me free, so I shake off my heavy chains, wipe away every stain now I m not who I used to be, I am redeemed. All my life I have been called unworthy, named by the voice of my shame and regret, but when I hear His whisper, Child lift up your head; I remember oh God, You re not done with me yet. I’m not ashamedShow MoreRelatedWhat Makes Me, Me?3010 Words   |  13 PagesCreative Writing 3/0916 What makes me, ME? I was an ordinary girl , I wasn’t a troublemaker if you will , I was quite and shy girl , but at the end of the day, I felt an emptiness within myself , I was just tired of following the beat of the world. All my life Ive been living in a valley in a valley baca place (valley of weeping) . I just didn t felt at home. Several times I can say that my sleep was gone and my heart was full of sorrow , I dread the pain that was waiting for me tomorrow and when theRead MoreWhat Makes You Me?1038 Words   |  5 Pagesmy life that mean a lot to me, that have a significance to me. In either their significant from a certain memory or just what they represent to me. Not everyone will understand the importance of these places’ that mean so much to myself. Majority of these places are important not because of that one time, but because of the many times. They are important because of how they played a part in shaping me, who I am today. I have a second home with two grandparents who love me as if I were their own childRead MoreWhat Makes Me A Sister?921 Words   |  4 PagesWhat Makes Me a Sister ? I am a sister. When I say that, I mean more than just being a sibling, more than just having a title to carry around when introducing myself to new people or to strangers in general. By that I mean not just saying â€Å"that s my brother† without any emotion or just ignoring the fact that we are related. To be called a sister is to care for someone you spend everyday with; being a sister is to educate, to be an example, to show them what is right and what is wrong, butRead MoreWhat Makes You Me?968 Words   |  4 Pageslovely, fluffy looking cake. Saliva started to slowly make its way out of my mouth when the sweet smell of chocolate assailed my sense. I couldn’t wait to devour it. All that was left was to sprinkle the icing sugar on now. Eating had become my new addiction after I had got away from drugs. Looking up from my cake I could see my friend running towards me. â€Å"Grace,† my friend shouted to me flashing a piece of paper, â€Å"I need you to hold this for me because I have to give this assignment to a teacher!†Read MoreWhat Makes Me Love?888 Words   |  4 PagesWhen looking at what love means everybody has a different interpretation of what it is and what it means to them. During our lifetime, we will experience several different types of loves that range from love for our family, friends and lovers. We will show our love for those we care about in many different ways. For me love isn’t just a four letter word it’s about how one shows their love for those they care about. I am not a person that will say I love you one hundred times a day instead, I wouldRead MoreWhat Makes You Me?1702 Words   |  7 PagesKnow Yourself It has been said that much about a person’s lifestyle can be predicted just by knowing his or her own culture. With this being said it would make sense as to why my life has always been so unpredictable, seeing that I’ve never known much about my own culture. It’s not so much that I’m unaware of my African American culture, but more in fact that despite being a product of my culture, I could never really relate to or fit in with other members of my own culture.Read MoreWhat Makes Me Happy?1509 Words   |  7 PagesWhat makes me happy We have fantastic projects. The research and methods are unique and fun. I m always proud to talk about my job, since it is usually way cooler and more interesting than anyone else’s! Additionally, the fact that we have such varied projects is great. We’ve worked in cultural, athletic, health care, and more (even gun technology!) industries. This keeps the work fresh and exposes me to many different industries. I get to use both sides of my brain which I think is a rare balanceRead MoreWhat Makes A Coffee For Me?1776 Words   |  8 Pagessituation required me to phrase my requests a little differently based on who I was asking. For example, my friend and I often go to Starbucks together not only to buy coffee but also to sit down, chat, and relax. When I asked her initially to buy my coffee for me, she responded with a quick â€Å"no† not giving me much time to explain and assuming that I was just joking. However, I retorted with explaining that because our â€Å"coffee dates† are so frequent, I was hoping that if she covered for me this time, IRead MoreWhat Makes Me Special?1758 Words   |  8 PagesEvery morning I wake up and get ready to face the day that lies ahead of me, just like anyone else. I get out of bed, take a shower, put on my clothes for school, and catch the bus. Although, the most important part of getting ready is one most people never think twice about, lo oking in the mirror. It is in the mirror that I see what everyone else cannot. I see the girl with the scars, the girl who has always had an uphill battle, and the girl who had to fight to get to where she is now. I see myselfRead MoreWhat Makes Me a Malaysian2800 Words   |  12 PagesMalaysia, is a country which cannot be defined in a word. The citizens are from different races and religion. The unity in these different cultures is what that makes Malaysia a wonderful country. One may ask who started all this or rather who brought all these multiracial aspects together in one country. All these will be answered as we go along. Back in 1957,Tunku Abdul Rahman made his way through every hardship to give independence to Malaysia, then known as Malaya. On 31st August 1957 in

Steps Involved in Undertaking Community Assessment - Samples

Question: Discuss about the Steps Involved in Undertaking Community Assessment Answer: Overview of Community Assessment Community assessment is a tool, which enables the proper identification of the strengths, weaknesses, opportunities and the threats that are prevailing in a community. It also provides relevant information that assists a health care provider to work in sync with a community and simultaneously address their problems or needs. Community assessment also serves as intervention, where it promotes community participation in the assessment process, ownership of the findings and their engagement with the subsequent outcomes. These findings of the ownership facilitate overall community growth and development. (McMurray Clendon, 2015). The Community Assessment helps in the development of the community health for the betterment of the mankind. This specific approach is best applicable in small yet defined areas like villages, small localities or housing estates (Sampson, Gearin Boe, 2015). Hospitals experience a paradigm shift starting from population-based community health planning to planning population-based study. A community health assessment has two basic steps assessment and action. Here the assessment identifies the problems prevailing in the community and the action follows the planning that determines which of these problems should be addressed with which resources. A comprehensive community health planning involves different steps. Profiling of the population This step deals with the information that will help to define the health prospective of the community and their specific health needs. This can be elucidated via noting the down the key characteristics of the population, health status of the people, local factors affecting the health of the residents of the community, whether these affects are positive or negative, the health care services that are commonly being provide to the residents of the community, the perspective of the people on their health parameters and finally the local and the national priorities for health (Hong Scardamalia, 2014). Not only have the health parameters, in order to strictly profile a community before health assessment, the demographic data also needed to be accessed. In the field of demographic data their lies, geographical background of the population, number of people residing in the community, average age group, gender distribution, ethnicity and literacy rate. Furthermore, mortality and the morbidity rate provide the actual reflection of the health framework of a community. Here the mortality describes the pattern of death in relation to age, gender, reason behind death and morbidity rate defines the illness, disability, and their degree of prevalence. Such information can be collected from the hospitals and must be effectively incorporated while community profiling (Barnett, 2012). Other related factors that must be taken into consideration while community profiling are health inequalities, local factors affecting health of the population, work and employment of the youth, poverty and income of the family, environmental condition (pollution, sanitation and housing), social cohesion (networks, migration, sudden pleasure and other leisure) and other existing destabilizing factors (Morris et al., 2014). Collection of information The first step involves the type of health information required to identify health needs of a community and the next preceding step is to collect relevant information. In order to collect information, few approaches must be religiously cited. These include proper description of the community via geographic maps and census information from the local administration. Local views must also be taken into consideration while collecting the data and this can be done by approaching the local individuals or groups, collecting health views from particular professions like school teachers, local dentists, trained pharmacists, social/community workers and religious leaders. After individual surveys, there come the local surveys. Local surveys can be time consuming and in order to safe time, this can be done via citing the disease registers used for chronic illness like diarrhea, diabetes, cholera, yellow fever etc. However, if conducting patient based surveys, confidentiality must be maintained (Pitts et al., 2013). Surveys are at times diplomatic and may lead to misleading results, in order to overcome such false positive results, newspaper reports are cited followed by study of the health measures, nursing information, nursing knowledge and additional family health assessment. The family health assessment is a specialized nursing tool that has three distinct aims: access to the family health needs in collaboration to the family, identification of health services required by the company, proper gain of information for the assessing the accurate need at the community level (Clark, 2015). Assessment of the information The information collected in step 2 must be analyzed in order to plan, implement and evaluate the health service. For the proper analysis of the collected information a definitive approach must be undertaken. This includes a rigorous comparative study. Comparison of the selected group of population with a larger population, in order to ascertain the health issues and the disease rate. This is followed by the comparative data analysis with the previous year data, identifying significant gaps and identification of the positive features as well as the prevailing alarming health problems in the community (Bretan et al., 2013). In order to identify the significant gaps statistical analysis must be conducted and the portion that must be highlighted on the statistical analysis are: Questioner for Statistical Analysis Number of the affected individuals (chronic illness) Impact of illness on peoples life Evidence or prevalence of appropriate or effective interventions Abundance of the health service or lack in any field Health strategies and priorities Expertise in nursing training available Nature of prevention strategy Taking actions In order to record the action plans a specific table must be maintaine Health Problems to be addressed Objectives Actions to be taken Who will process the objectives Time scale of the mission Evaluation of the measures undertaken Conclusion Conducting a community assessment generally involves collating the list of different problems that needs to solved against the parameters of the recent available resources. All of this can be done by implementing four basic steps that can be simplified into process of collecting and examining data, identification of the problems those have already being addressed, consultation with the professional experts in the health domain, and proper analysis of the existing data. After the successful completion of the community assessment analysis, proper planning and successful implementation of the designed programs need to be done. It is also important to inspire the community to back the initiative of community health assessment this is due to the fact that if a said community gets indulged in the task of protecting the overall health background of its own native people, it generate a powerful drive for changing the health backup. References Barnett, K. (2012). Best practices for community health needs assessment and implementation strategy development: A review of scientific methods, current practices, and future potential.Atlanta, Georgia: The Public Health Institute The Centre for Disease Control and Prevention. Bretan, O., Silva, J. E., Ribeiro, O. R., Corrente, J. E. (2013). Risk of falling among elderly persons living in the community: assessment by the Timed up and go test.Brazilian journal of otorhinolaryngology,79(1), 18-21. Clark, M. J. (2015). Community health nursing. Hong, H. Y., Scardamalia, M. (2014). Community knowledge assessment in a knowledge building environment.Computers Education,71, 279-288. McMurray, A., Clendon, J. (2015).Community Health and Wellness-E-book: Primary Health Care in Practice. Elsevier Health Sciences. Morris, J. N., Howard, E. P., Fries, B. E., Berkowitz, R., Goldman, B., David, D. (2014). Using the community health assessment to screen for continued driving.Accident Analysis Prevention,63, 104-110. Pitts, S. B. J., Vu, M. B., Garcia, B. A., McGuirt, J. T., Braxton, D., Hengel, C. E., ... Ammerman, A. S. (2013). A community assessment to inform a multi-level intervention to reduce CVD risk and risk disparities in a rural community.Family community health,36(2), 135. Sampson, G., Gearin, K. J. M., Boe, M. (2015). A rural local health departmenthospital collaborative for a countywide community health assessment.Journal of Public Health Management and Practice,21(1), 23-30.