This increase in taxes will target "multinational Corporations, end the favored tax treatment of extra long term bonds", It will also raise capital gains taxes by "changing the rules for computing the cost basis of s Economics explain why it is impossible to derive an analytical formula for valuing american puts. Explain why it has proved impossible to derive an analytical formula for valuing American Puts, and outline the main techniques that are used to produce approximate valuations for such securities Investing in stock options is a way used by investors to hedge against risk. It is simply because all
Section C - What are the myths of capitalist economics? Within capitalism, economics plays an important ideological role. Economics has been used to construct a theory from which exploitation and oppression are excluded, by definition. We will attempt here to explain why capitalism is deeply exploitative.
Elsewhere, in section B, we have indicated why capitalism is oppressive and will not repeat ourselves here. In many ways economics plays the role within that capitalism that religion played in the Middle Ages, namely to provide justification for the dominant social system and hierarchies indeed, one neo-classical economist said that "[u]ntil the econometricians have the answer for us, placing reliance upon neo-classical economic theory is a matter of faith," which, of course, he had [C.
Like religion, its basis in science is usually lacking and its theories more based upon "leaps of faith" than empirical fact. In the process of our discussion in this section we will often expose the ideological apologetics that capitalist economics create to defend the status quo and the system of oppression and exploitation it produces.
Indeed, the weakness of economics is even acknowledged by a few within the profession itself. According to Paul Ormerod, "orthodox economics is in many ways an empty box.
Its understanding of the world is similar to that of the physical sciences in the Middle Ages. A few insights have been obtained which stand the test of time, but they are very few indeed, and the whole basis of conventional economics is deeply flawed.
The majority of economists seem happy to go on with their theories, trying to squeeze life into the Procrustean bed of their models. And, like the priests of old, make it hard for non-academics to question their dogmas.
As Ormerod notes, "economics is often intimidating. Here we expose the apologetics for what they are, expose the ideological role of economics as a means to justify, indeed ignore, exploitation and oppression.
As an example, let us take a workers wage. For most capitalist economics, a given wage is supposed to be equal to the "marginal contribution" that an individual makes to a given company.
Are we really expected to believe this? Common sense and empirical evidence suggests otherwise. In the average CEO in the US received 29 times more income than the average manufacturing worker; by the ratio had risen to 40 times more, and by it had risen to 93 times more.
This disturbing trend led even conservative Business Week to opine that the excesses of corporate leaders might finally be getting out of hand Kevin Phillips, The Politics of Rich and Poor: Wealth and the American Electorate in the Reagan Aftermath, p.
Yet during the same period, workers' real wages remained flat. Are we to believe that during the s, the marginal contribution of CEOs more than tripled whereas workers' marginal contributions remained stagnant?
Taking another example, if workers create only the equivalent of what they are paid, how can that explain why, in a recent ACM study of wages in the computer fields, it was found that black workers get paid less on average than white ones doing the same job even in the same workplace? Does having white skin increase a worker's creative ability when producing the same goods?The Paperback of the The German Stranger: Leo Strauss and National Socialism by William H.
F. Altman at Barnes & Noble. Leo Strauss and National Socialism by William H. F.
Altman an excellent analysis of Strauss's relation to the Western philosophical tradition as an exercise in political analysis. By looking critically at Strauss's. As we argue in section H, Marx's concentration on value (i.e. the abstract level of analysis) made him ignore the role of class struggle in capitalism and its affect on profits (with bad results for his theory and the movement he inspired).
A Working Friendship the Correspondence Between Richard Strauss and Hugo Von Hofmannsthal/5(2). Abramovitz, Moses: "The Monetary Side of Long Swings in U.S. Economic Growth " Accelerated Amortization Ackley, Gardner Excess Profits Tax Exchange Rate Adjustments From a Monetary-Theoretical Point of View Long-Range Analysis of Maladjustments Leading to .
Don Quijote op. 35 by Richard Strauss: history of a reception The role of Don Quijote, assigned by Strauss to a solo cello, has been performed by all the major cello soloists of the 20 th century, some of them Strauss’s daring orchestration in Don Quijote was, however, highly criticized by some of.
The Role of Energy Costs in Groundwater Pricing and Investments in Desalination and Wastewater Recycling. Evaluating Long-Term Impacts of Sustained Mass Deworming: South Korea The Natural Rate of Interest and Its Usefulness for Monetary Policy Making.