When I think of NYU, I think of the unlimited amount of opportunities it has to offer, and the deep realms of possibilities that can be achieved. At Stern I will not simply be there to learn business but also business ethics which will enable us to increase corporate responsibility and be part of a positive change in the world. I can envision myself a part of the Stern Business Ethics Society, a place where finally, I would be able to speak my heart out. Attending the Manhattan campus would allow me to pursue my ambitions, and grant me a sense of independence. Indeed, I could not have envisioned a more suitable place to pursue a major in finance than at Stern.
One of the most captivating aspects about NYU is its enthralling environment where you can really find out who you really are. I embarked on my campus tour; guided by the students of NYU, I imagined what it would be like to be a part of it all.
Economics is philosophical in nature, there is never a wrong approach; it is simply a matter of perspective. It is also an ever expanding, empirical subject that correlates to human inn...
In Alexander Kern’s “Emerson and Economics,” Kern draws attention to the economical aspects found in Ralph Waldo Emerson’s texts. Specifically, Kern discusses the lack of attention that Emerson’s economical notions receive. Emerson is not associated with being an economist writer, but Kern draws attention to how “he so frequently touched the subject than an understanding of his economic ideas is a prerequisite to the evaluation of his entire thought on any relative or absolute scale” (Kern 678). Kern’s theory that readers must extract the economics out of Emerson in order to comprehend his texts is extremely useful because it sheds insight on the difficult problem of viewing Emerson as an economist, yet he views Emerson as a moral philosopher because of the author’s views towards society. Alexander Kern’s call to view Emerson as an economist is yet to be answered. Moreover, it is crucial to evaluate Emerson as an economist in order to analyze his texts differently. Consequently, using economics to evaluate Emerson’s “Self Reliance” in a new way will show it is meant to be a call for social reformation. More specifically, by considering the economic panic of 1837 and its effects on Emerson’s views towards society, a new way to interpret “Self Reliance” is achieved.
Renowned economist, Steven D. Levitt, and well-known journalist, Stephen J. Dubner, in their collaboration of the book, Freakonomics: A Rogue Economist Explores the Hidden Side of Everything, write in a mostly inoffensive style about extremely controversial topics. Levitt’s and Dubner’s purpose is to inform readers of frequently disputed topics from a purely economic standpoint. They use second person to directly speak to their readers, an impartial tone to show an unusual perspective, and contrast to provide both sides of an argument.
"Using Cost of Quality to Demonstrate the Economic Value of Improvement, Organizational Excellence and Quality." Quality Texas. N.p., n.d. Web. 12 May 2014.
My mother and aunt started a business called Art d’China years ago before my birth. They import porcelain, crystal, stainless steel and glass tableware from China to Peru, primarily for use in hotels and fine restaurants. I grew up listening to their conversations with my uncle, who runs his business since the last 20 years, about the state of the Peruvian economy, possible profit earnings, and whether or not a given restaurant would be a suitable client for their product. They took into consideration factors such as the quality and type of food being served at exclusive Peruvian restaurants in order to determine which types of plates to import. I was fascinated listening to their different business strategies; although I do not plan on being a part of their business, I would like to take advantage of Peru’s current booming economy. I intend to start up something of my own or work in an upcoming industry that seeks to establish itself more firmly in the Peruvian market.
...miento económico hace parte de un solo elemento en el que podríamos evaluar el desarrollo humano de una comunidad, a este elemento se sumaría el aspecto social, ambiental, político y cultural.. Es necesario generar opciones donde las personas puedan desarrollar sus potencialidades, lograr su satisfacción y obtener una vida de bienestar.
Although the authors have referred to the book as a different type of book, outside the main role of economics, it is really the opposite: it is a book that gets to the root and the origin of economic theory. Again, it raises questions about what happens in society, analyzing peoples motivations based on data and the economic rationality of individuals, and drawing conclusions which are often considered counterintuitive or different than established knowledge. In fact, Steven Levitt ‘s academic career has been marked by success, and he has been recognized by numerous awards. This shows that when economics is shown in a way understandable to the public, the result can be a big bestseller.
Common Sense Economics: What Everyone Should Know About Wealth and Prosperity, written by James Gwartney, Richard Stroup, Dwight Lee and Tawni Ferrarini, explains the foundation of economics and how it all works in all aspects of our lives from the role of the government trickling down to personal credit cards and savings. This book was written with clear language for the audience to understand and comprehend the large amount of information within its condensed size. The authors’ target audience for this book seemed to be for those individuals wanting to learn the mechanics of economy including economic growth and stability. Gwartney separates his book into four parts: Part I, Twelve Key Elements of Economics, Part II Seven Major Sources of Economic Progress, Part Three Economic Progress and the Role of Government, and Part IV Twelve Key Elements of Practical Personal Finance.
Alfred A Knopf, of New York publishing house fame, once stated “An economist is a man who states the obvious in terms of the incomprehensible”. For being someone who is just learning the basics of economics, this elucidation speaks volumes to this branch of the social sciences. From my basic understanding, economics is the study of scare resources that determine the supply, demand, and consumption for a said good. Wherein the simplification of multifaceted issues is used to make predictions that can be used to serve a society’s needs. Although this may seem like a simple concept, Knopf’s comment illustrates the complexity and involvedness of economics within a given society. Ultimately, from this definition, economics is a tool that aims to
SuperFreakonomics is a collaboration between Steven D. Levitt a professor of economics at the university of Chicago and Stephen J Dubner an award winning Journalist and author. It is their second book together in the Freakonomics series. There books take a unique view of the world through the eyes of an economist. At first this might sound like a boring idea but it in fact an incredibly insightful one that has led to several different revelations about the way that society works. This paper will analyze and criticize some of the major themes in this book.
Heilbroner, Robert L. The Worldly Philosophers: the Lives, Times, and Ideas of the Great Economic Thinkers. New York: Simon & Schuster, 1999. Print.
I really like economics, it is an interesting combination of math, behavioral science, and logic, that can be used to make unique observations of the world as we know it. Unfortunately, like most academic disciplines it suffers from its faults. Even though these faults are not unique to economics, instead they are pervasive in many academic disciplines. Nor are the new, as they have been around more or less since the start of modern academics. Yet until they are fixed they need to be continually addressed, so that we can take in to account the inherent bias that comes with them. These faults can be expressed in one phrase “Rich White Men.” This phrase incorporates the three biggest failings in the field of economics. Which are, that most people in the field have a greater level of means than many of those that they choose to study, they are mostly of European Caucasian descent, and that they tend to be male. Qualities that introduce an inherent bias in to their world view. This is not to say that people in the field of economics are
Since ancient times the concept of utility has been the catalyst between philosophy and economics. The question of the relationship between theory and practice has a special relevance to the issue. What is the effect of theoretical understanding on the material level? Which interrelationships does philosophy desire: should there be a renunciation of material wealth, or is it as Aristotle states, that without wealth there is no contentment?
Although the author does raise some very interesting and provoking questions in the beginning of the article, unfortunately, some of them are very difficult to answer, or just can’t be answered. While the article doesn’t solve any problems, it does raise awareness and creates some interesting connections with the present and the past. The overall question the author wishes to answer is "how can economists understand and explain the nature of societal change?"
The theory of economics does not furnish a body of settled conclusions immediately applicable to policy. It is a method rather than a doctrine, an apparatus of the mind, a technique for thinking, which helps the possessor to draw correct conclusions. The ideas of economists and politicians, both when they are right and when they are wrong, are more powerful than is commonly understood. Indeed the world is ruled by little else. Practical men, who believe themselves to be quite exempt from any intellectual influences, are usually the slaves of some defunct economist." (John Maynard Keynes, the General Theory of Employment, Interest and Money p 383)
Many people fail to realise the importance of our economy, how diverse and interactive it is to our daily lives and the distinct role it plays in our constantly evolving economic climate. My initial interest stemmed from my lack of knowledge about the UK economy; resulting in the research about our recent financial crisis and from there it grew tenfold. I began to observe the situations around me from a different perspective, and with the help of micro and macroeconomic objectives, which are the fundamental foundations; I have been able to pursue this social science in far greater depth and understanding. It is a growing ambition of mine to explore what effect daily transactions and the conduct of millions of people like me has on our future in a domestic and global aspect. Further developing my study of economics will ensure I am able to explore such views to a higher level.