Social Efficiency Ideology Reflection Paper - thought differently
How to Cite this Article Abstract This study examines the representation of corporeal difference as one of the fundamental ideologies on which the power dynamics of colonial and postcolonial polities are based. Though the asymmetries between the colonizer and colonized bodies have undergone transformation in the postcolony, the realities of the postcolonial regimes are still hinged on corporeal differences that make distinctions, however subtle, between bodies with surplus power and those with a deficit of power, depending on their aggregate positionality with regard to the centres of power, especially the State. The body of the potentate becomes the incarnation of this difference, hence making it a frequent creative topos. This study comes to the conclusion that the African novel constitutes a central and critical locus in the debate of the decolonisation of the mind and the deconstruction of epistemological grounds of difference. This is carried out through a variety of narrative structures, one of the most effective of which is the postcolonial dictatorship novel form. The textual inscription of the body underlines the consistent role of African literature as artistic intervention in colonial and postcolonial political practices, thereby foregrounding human equality as an indispensable pre-condition for a democratic and egalitarian society. Key words: African, body, power, subject, postcolonial, hegemony, subversion. Social Efficiency Ideology Reflection Paper
Bradford DeLong and Aaron Edlin. He served in the Clinton administration as the chair of the President's Council of Economic Advisers — Contributions to economics[ edit ] Stiglitz at a conference in Mexico in After the mid-term elections in Pa;er United States he wrote a statement about the importance of economic justice to the survival of democracy worldwide.
In a second paper, they analyzed the theoretical consequences of risk aversion in various circumstances, such as an individual's savings decisions and a Ideologt production decisions. Stiglitz dubbed this the ' Henry George theorem ' in reference to the radical classical economist Henry George who famously advocated for land value tax.
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The Soccial behind Stiglitz's finding is that rivalry for public goods takes place geographically, so competition for access to any beneficial public good will increase land values by at least as much as its outlay cost. Furthermore, Stiglitz shows that a single tax on rents is necessary to provide the optimal supply of local public investment. Stiglitz also shows how the theorem could be used to find the optimal size of a city or firm.
It was for this contribution to the theory of information asymmetry that he shared the Nobel Memorial Prize in Economics [2] in "for laying the foundations for the theory of markets with asymmetric information " with George A. Akerlof and A. Michael Spence. Much of Stiglitz's work on information economics http://pinsoftek.com/wp-content/custom/human-swimming/inequality-in-the-kite-runner.php situations in which incomplete information prevents markets from achieving social efficiency. His paper with Andrew Weiss showed that if banks use interest rates to infer information about borrowers' types adverse selection effect or to encourage their actions following borrowing incentive effectthen credit will be rationed below the optimal level, even in a competitive market.
They showed that in the presence of increasing returns to scale, the entry of firms is socially too small. The modelling approach was also influential in the fields of trade theory, and industrial organisation, and was used by Paul Krugman in his analysis of non comparative advantage trading patterns. This prevents wages from dropping to market clearing levels. Full employment cannot be achieved because workers would shirk if they were not threatened with the possibility of unemployment. Because of this, the curve for the no-shirking condition labeled NSC goes to infinity at full employment. Stiglitz also did research on efficiency wagesand helped create what became known as the "Shapiro—Stiglitz model" to explain why there is unemployment Social Efficiency Ideology Reflection Paper in equilibrium, why wages are not bid down sufficiently by job seekers in the absence of minimum Social Efficiency Ideology Reflection Paper so that everyone who wants a job finds one, and to question whether the neoclassical paradigm could explain involuntary unemployment.
It is costly for firms to determine how much effort workers are exerting. A full description of this model can be found at the links provided. If the demand for labour falls, this lowers wages. But because wages have fallen, the probability of 'shirking' workers not exerting effort has risen.
Personal Reflection Of Rhetoric
If employment levels are to be maintained, through a sufficient lowering of wages, workers will be less productive than before through the shirking effect. As a consequence, in the model, wages do not fall enough to maintain employment levels at the previous state, because firms want to avoid excessive shirking by their workers.
So, unemployment must rise during recessions, because wages are kept 'too high'. Possible corollary: Wage sluggishness.
Understanding The Argument Culture : Solutions Cooperative Argumentation
Firms cannot cut wages until unemployment rises sufficiently a coordination problem. The outcome is never Pareto efficient. Each firm employs too few workers because it faces private cost of hiring rather than the social cost — which is equal to and in all cases. By creating hypercompetitive labor markets, all firms the winners when laborers compete experience an increase in value.]
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