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Madeline Rupard

The best art is born from democracy - 0 views

www.guardian.co.uk/...art-democracy-general-election

art democratic system freedom of speech

shared by Madeline Rupard on 01 Oct 10 - No Cached
  • Madeline Rupard on 01 Oct 10
     
    An interesting article. I believe this is true. Think of the wide range of art in the world today. This also has a great deal to due with technology and the ability to share images, of course. Democracy itself has allowed art to blossom and allowed the visual expression to become quite a personal thing.
Andrew DeWitt

New Deal - Wikipedia, the free encyclopedia - 0 views

en.wikipedia.org/New_Deal

History deal wikipedia newdeal politics Roosevelt economics new economy

shared by Andrew DeWitt on 09 Nov 10 - Cached
  • Andrew DeWitt on 09 Nov 10
     
    Keynesian economics of the 1930s
Erin Hamson

Modern History Sourcebook: Adam Smith: The Wealth of Nations, 1776 (Epitome) - 0 views

www.fordham.edu/...adamsmith-summary.html

shared by Erin Hamson on 28 Sep 10 - Cached
Andrew DeWitt liked it
    • Erin Hamson
      Erin Hamson on 28 Sep 10
       
      The process of specialization was later perfected by Henry Ford, in making cheap, durable cars.
  • This great increase of the quantity of work which, in consequence of the division of labor, the same number of people are capable of performing, is owing to three different circumstances; first, to the increase of dexterity in every particular workman; secondly, to the saving of the time which is commonly lost in passing from one species of work to another; and lastly, to the invention of a great number of machines which facilitate and abridge labor, and enable one man to do the work of many....
  • Man has almost constant occasion for the help of his brethren, and it is in vain for him to expect it from their benevolence only. He will be more likely to prevail if he can interest their self-love in his favor, and show them that it is for their own advantage to do for him what he requires of them. Whoever offers to another a bargain of any kind, proposes to do this. Give me that which I want, and you shall have this which you want, is the meaning of every such offer; and it is in this manner that we obtain from one another the far greater art of those good offices which we stand in need of. It is not from the benevolence of the butcher, the brewer, or the baker that we expect our dinner, but from their regard to their own interest.
    • Erin Hamson
      Erin Hamson on 28 Sep 10
       
      This is the basis of the Market Economy or Capitalism, exchange based in self-interest that benefits all.
  • ...38 more annotations...
  • In order to avoid the inconvenience of such situations, every prudent man in every period of society, after the first establishment of the division of labor, must naturally have endeavored to manage his affairs in such a manner as to have at all times by him, besides the peculiar produce of his own industry, a certain quantity of some one commodity or other, such as he imagined few people would be likely to refuse in exchange for their produce....It is in this manner that money has become in all civilized nations the universal instrument of commerce, by the intervention of which goods of all kinds are bought and sold, or exchanged for one another....
    • Erin Hamson
      Erin Hamson on 28 Sep 10
       
      The role/development of money. The problem with money is that it has to be regulated and who regulates it? If we let the governement regulate it, it might become manipulated...
  • The value of any commodity,
  • is equal to the quantity of labor which it enables him to purchase or command
  • Labor, therefore, is the real measure of the exchangeable value of all commodities....
  • The real price of everything
  • is the toil and trouble of acquiring it.
    • Erin Hamson
      Erin Hamson on 28 Sep 10
       
      Note the difference between the value and the price. The price changes most significantly in relation to how much the consumer wants the product, as opposed to how much time it took the maker to make it.
  • which resolves itself into labor
  • resolves itself into rent
  • resolves itself into profit
  • ordinary or average rate both of wages and profit
  • partly by the general circumstances of the society,
    • Erin Hamson
      Erin Hamson on 28 Sep 10
       
      A man cannot charge above that which can be paid him or he will lose business.
  • partly by the particular nature of each employment
    • Erin Hamson
      Erin Hamson on 28 Sep 10
       
      Some labor is simply worth more
  • ordinary or average rate of rent
  • partly by the general circumstances of the society or neighborhood in which the land is situated,
  • partly by the natural or improved fertility of the land
  • When the price of any commodity is neither more nor less than what is sufficient to pay the rent of the land, the wages of the labor, and the profits of the stock employed in raising, preparing, and bringing it to market, according to their natural rates, the commodity is then sold for what may be called its natural price.
  • The actual price at which any commodity is commonly sold is called its market price
  • he market price of every particular commodity is regulated by the proportion between the quantity which is actually brought to market, and the demand of those who are willing to pay the natural price of the commodity, or the whole value of the rent, labor, and profit, which must be paid in order to bring it thither.
  • A competition will immediately begin among them, and the market price will rise more or less above the natural price, according as either the greatness of the deficiency, or the wealth and wanton luxury of the competitors, happen to animate more or less the eagerness of the competition.
    • Erin Hamson
      Erin Hamson on 28 Sep 10
       
      The results of scarcity *footballs*
  • quantity brought to market exceeds the effectual demand
    • Erin Hamson
      Erin Hamson on 28 Sep 10
       
      Surplus
    • Erin Hamson
      Erin Hamson on 28 Sep 10
       
      ,effect of
  • A monopoly granted either to an individual or to a trading company has the same effect as a secret in trade or manufactures.
    • Erin Hamson
      Erin Hamson on 28 Sep 10
       
      See above
  • When by an increase in the effectual demand, the market price of some particular commodity happens to rise a good deal above the natural price, those who employ their stocks in supplying that market are generally careful to conceal this change
    • Erin Hamson
      Erin Hamson on 28 Sep 10
       
      A monopoly
  • The exclusive privileges of corporations, statutes of apprenticeship, and all those laws which restrain, in particular employments, the competition to a smaller number than might otherwise go into them, have the same tendency, though in a less degree. They are a sort of enlarged monopolies,
    • Erin Hamson
      Erin Hamson on 28 Sep 10
       
      See above
  • THE produce of labor constitutes the natural recompense or wages of labor.
    • Erin Hamson
      Erin Hamson on 28 Sep 10
       
      You get what you make
  • Such combinations, however, are frequently resisted by a contrary defensive combination of the workmen; who sometimes too, without any provocation of this kind, combine of their own accord to raise the price of their labor.....
  • Masters, too, sometimes enter into particular combinations to sink the wages of labor even below this rate
    • Erin Hamson
      Erin Hamson on 28 Sep 10
       
      Two combinations to react to one another. Like the checks and balances found in gov.
  • The demand for those who live by wages, therefore, necessarily increases with the increase of the revenue and stock of every country, and cannot possibly increase without it. The increase of revenue and stock is the increase of national wealth....
  • It is but equity, besides, that they who feed, clothe, and lodge the whole body of the people, should have such a share of the produce of their own labor as to be themselves tolerably well fed, clothed, and lodged
    • Erin Hamson
      Erin Hamson on 28 Sep 10
       
      equality in the pursuit of happiness
  • First, by restraining the competition in some employments to a smaller number than would otherwise be disposed to enter into them; Second, by increasing it in others beyond what it naturally would be; and, Third, by obstructing the free circulation of labor and stock, both from employment to employment and from place to place.
    • Erin Hamson
      Erin Hamson on 28 Sep 10
       
      Problems of Mercantilism
  • First,
  • by restraining the competition in some employments to a smaller number than might otherwise be disposed to enter into them
  • and to hinder him from employing this strength and dexterity in what manner he thinks proper without injury to his neighbor is a plain violation of this most sacred property.
  • An exclusive corporation necessarily weakens the force of this discipline.
    • Erin Hamson
      Erin Hamson on 28 Sep 10
       
      the gov is not needed for regulation
  • Second,
  • by increasing the competition in some employments beyond what it naturally would be
    • Erin Hamson
      Erin Hamson on 28 Sep 10
       
      pursuit of happiness
  • by obstructing the free circulation of labor and stock both from employment to employment, and from place to place,
  • Third,
  • Andrew DeWitt on 28 Sep 10
     
    Thanks for the annotations and the comments.
Katherine Chipman

The Law of the Internet | OER Commons - 0 views

www.oercommons.org/...the-law-of-the-internet

internet

shared by Katherine Chipman on 29 Sep 10 - No Cached
  • Concurrently, we encounter problems that no one anticipated as we collectively built the internet as we know it today. This seminar will consider some of the most intriguing of the issues to which the advent of the internet has given and continues to give rise. It will focus on a cluster of topics about which any computer user likely knows a good deal already: spam, spyware, peer-to-peer file sharing, personal privacy, and e-commerce. It will also venture into a few issues-like blogging, RSS (Really Simple Syndication), social software, and internet filtering-that may be less familiar.
James Wilcox

Smith: Wealth of Nations, Book IV, Chapter 1 | Library of Economics and Liberty - 2 views

www.econlib.org/library/Smith/smWN12.html#B.IV, Introduction

digiciv economy

shared by James Wilcox on 12 Oct 10 - No Cached
  • Among the Tartars, as among all other nations of shepherds, who are generally ignorant of the use of money, cattle are the instruments of commerce and the measures of value
    • James Wilcox
      James Wilcox on 12 Oct 10
       
      That so interesting that cattle became the measure of money and wealth.  It seems that for something to be money it has to be able to come in large quantities, not have much difference between one to another, and carry a consistent value.
    • James Wilcox
      James Wilcox on 12 Oct 10
       
      This notion of a Gold or currency base stands so consistent that it is hard for us today to break away and have a purely digital or credit economy.  But ever so slowly we are getting there.
  • When those countries became commercial, the merchants found this prohibition, upon many occasions, extremely inconvenient. They could frequently buy more advantageously with gold and silver than with any other commodity the foreign goods which they wanted, either to import into their own, or to carry to some other foreign country. They remonstrated, therefore, against this prohibition as hurtful to trade.
    • James Wilcox
      James Wilcox on 12 Oct 10
       
      This principle of protectionism holds true today and is still argued about by growing economies.  Not so commonly with gold but with all different types of key commodities.
  • ...2 more annotations...
  • They represented, secondly, that this prohibition could not hinder the exportation of gold and silver, which, on account of the smallness of their bulk in proportion to their value, could easily be smuggled abroad.*9 That this exportation could only be prevented by a proper attention to, what they called, the balance of trade
    • James Wilcox
      James Wilcox on 12 Oct 10
       
      I have heard this same argument for illegal drugs.  I have heard people say we should legalize it so that it can be tracked and limited in a legal manner.
  • hat wealth consists in money, or and silver, is a popular notion which naturally arises from the double function of money, as the instrument of commerce and as the measure of value. In consequence of its being the instrument of commerce, when we have money we can more readily obtain whatever else we have occasion for than by means of any other commodity. The great affair, we always find, is to get money. When that is obtained, there is no difficulty in making any subsequent purchase. In consequence of its being the measure of value, we estimate that of all other commodities by the quantity of money which they will exchange for. We say of a rich man that he is worth a great deal, and of a poor man that he is worth very little money. A frugal man, or a man eager to be rich, is said to love money; and a careless, a generous, or a profuse man, is said to be indifferent about it. To grow rich is to get money; and wealth and money, in short, are, in common language, considered as in every respect synonymous.
Jeffrey Whitlock

The prairie: a tale - Google Books - 0 views

books.google.com/books

shared by Jeffrey Whitlock on 13 Oct 10 - No Cached
    • Jeffrey Whitlock
      Jeffrey Whitlock on 13 Oct 10
       
      This book is part of a series of five novels (along with The Pioneers) dealing with themes of both the Frontier and Romanticism.
Andrew DeWitt

Learning in the Light of Faith - 0 views

magazine.byu.edu/?act=view&a=2626

byu devotional learning light faith ross spencer future shock physics research science

shared by Andrew DeWitt on 19 Oct 10 - No Cached
  • When I was just out of graduate school, I attended my first meeting of the American Physical Society in New York City. A highlight was a special event arranged by the conference organizers: the great science fiction writer Isaac Asimov had been invited to speak to us.
  • Hour after hour he wrote down the stories he found in books in the university library about people protesting the invention of things like machines to spin thread and to weave cloth, steam-powered trains, automobiles, airplanes, etc. All of these advances were perceived by the general public either to be physically dangerous or to be a threat to the livelihoods of workers in trades that were about to be destroyed by these advances.
  • when he started to write science fiction, he remembered all of this work he had done. So while his fellow writers were all rhapsodizing about the thrill of rockets and space travel (long before such things were possible), he wrote a story about how the local populace showed up at the launch site with torches and pitchforks in opposition to space travel. Years later, when rockets and travel outside of the earth’s atmosphere became possible, there were protests, and many of Mr. Asimov’s colleagues were astounded that he had predicted so far in advance that this would occur.
  • ...2 more annotations...
  • “Why,” Mr. Asimov then asked us, “among all of these talented and visionary writers, was I the only one who was able to predict that this resistance to change would occur?” He let us think about the question for an uncomfortably silent minute, then leaned into the microphone and said in an intense voice that I still vividly remember: “It’s because people are stupid!”
  • The lesson I take from my memory of this experience is that the proper attitude to have when confronted with the vast complexity both of the universe and of the ideas and activities of the people who live on this small planet orbiting an ordinary star far away from the center of things in our galaxy is profound humility.
    • Andrew DeWitt
      Andrew DeWitt on 19 Oct 10
       
      This is how we ought to deal with future shock: "humility"
  • Andrew DeWitt on 19 Oct 10
     
    Great Devotional Talk by Ross Spencer.  Includes a great reference to "Future Shock".
Erin Hamson

Consumer How To - Swipe Auctions Saving Consumers Up To 95% Off Retail Prices - 0 views

www.consumerhowto.com/...consumers-save.html

free Digiciv economy

shared by Erin Hamson on 29 Sep 10 - No Cached
  • Each bid placed on SwipeAuctions costs users $0.60. By collecting $0.60 for each bid placed, SwipeAuctions is able to afford giving away products on the cheap such as Macbooks for $23.72 or Nikon Digital Cameras for $57.42.
    • Erin Hamson
      Erin Hamson on 29 Sep 10
       
      The "free" business model
  • There is no longer a need to spend several hours online looking to see where the best deal is. The answer is simple. It's on SwipeAuctions! Whereas scouring the internet for to save an extra 5% works for some people, why waste your time when you could save 75%! SwipeAuctions is so much more than economical.
    • Erin Hamson
      Erin Hamson on 29 Sep 10
       
      Time v. price
  • Erin Hamson on 29 Sep 10
     
    Here is an example of a business model that is giving away the "free" stuff and making profit on other things.
  • Erin Hamson on 29 Sep 10
     
    Exactly today's topic!
Shuan Pai

Reaganomics, by William A. Niskanen: The Concise Encyclopedia of Economics | Library of... - 0 views

www.econlib.org/...Reaganomics.html

shared by Shuan Pai on 09 Nov 10 - Cached
  • Reaganomics" was the most serious attempt to change the course of U.S. economic policy of any administration since the New Deal.
  • These major policy changes, in turn, were expected to increase saving and investment, increase economic growth, balance the budget, restore healthy financial markets, and reduce inflation and interest rates.
Rhett Ferrin

BYU - Marriott School - Economic Self-Reliance - Peery Film Festival - 0 views

marriottschool.byu.edu/...filmfestival

shared by Rhett Ferrin on 11 Nov 10 - No Cached
    • Rhett Ferrin
      Rhett Ferrin on 11 Nov 10
       
      Crowdsourcing is in green, but the other videos deal with Social Entrepreneurship which is fascinating.
Davion Sharron

Loans On Benefits- Great Fiscal Relief To Overcome Your Unwanted Cash Difficulties - 0 views

If you are living on benefits and are looking for affordable and suitable finance to deal with all unplanned cash hurdles without any obligation then you can apply for loans on benefits. It is one ...

started by Davion Sharron on 16 Feb 16 no follow-up yet
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