William Blake Critical Analysis

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Economics is a diverse science that incorporates all aspects of life. Economics has the ability to explain social, cultural, political and religious behaviours and attitudes of people in an economic context that aims at maximising their welfare. Therefore, economics is inseparable from all other sciences and arts specially those that explain human behaviour. Economic forces cannot explicitly explain how the world operates, instead culture, tradition and social settings are very strong forces that have to be incorporated for a comprehensive realistic analysis of the issue at hand.

William Blake and International Economics
Unappreciated in his life, William Blake is an artist who is perceived afterwards as Britain’s greatest revolutionary artist where his contributions have extended to influence and inspire others in vast areas of specialisation other than his local sphere of art and literature.

Blake's Prophetic Books combine poetry, vision, prophecy, and original thought. They include The Book of Thel (1789), The Marriage of Heaven and Hell (c.1790), The French Revolution (1791), America (1793), Europe (1794), The Book of Urizon (1794), The Book of Los (1795), Milton (1804-8), and Jerusalem (1804-20). These truly comprise a vision of the whole of human life, in which energy and imagination struggle with the forces of both physical and mental constraints. Blake uses love, anger, religion and philosophy to justify the political and economic inequities that he whereupon warns about the Industrial Revolution.
William Blake was born in 1774 in London and has pursued art, literature and original thinking since he has 10 years old. Throughout most of his life he was a misunderstood poet, visionary and artist. He belonged to a group o...

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...etween countries in the analysis of exchange rates. These factors include settlement of debit, credit obligation,immigrant remittances insurance and banking transaction, tourist expenditures the overall effect of these variables is found, in certain cases, to reverse the effects created by commodities alone as explained by the PP theory.

Another aspect that is pointed out by Pigou (The Foreign Exchange, 1992) is the choice of price indexes and how it varies greatly in the results. He added that Some indexes out a heavy weight on internationally traded commodities whereas other indexes weigh domestic and international commodities at their respective weight inside the country.

In spite of the drawbacks and criticisms directed to this theory, it still remains to be the first theory that attempts to approximate the equilibrium rate of exchange rate between countries.

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