Preview

A Deour To Dis-Equilibrium Analysis

Good Essays
Open Document
Open Document
1241 Words
Grammar
Grammar
Plagiarism
Plagiarism
Writing
Writing
Score
Score
A Deour To Dis-Equilibrium Analysis
The disequilibrium of greed portrayed in Kino’s imaginary story indicated that equilibrium is not only necessary at the lowers of social status, but also required in the economy and global market today. Jamie Woodwell, in her article about mortgage banking, titled, A Detour to Dis-Equilibrium, speaks about the global market saying, “When a shock hits a market— a dramatic shift in supply or demand— the market moves to dis-equilibrium. When that happens buyers and sellers cannot come to terms, the market slows and little new business is transacted” (Woodwell). In her article, Woodwell addresses mortgage banking as a systematic market, and thus displays the negative impacts of a fallen pillar of a methodical market. Woodwell explains the negative …show more content…
Through the dis-equilibrium of capital markets, Woodwell articulates that because of the interdependency, different effects on the market can create a ripple effect and spread towards other types or marketing. In addition, she implies that negative effects result from the disequilibrium, indicating a need for equilibrium. This concept of the necessity of equilibrium can be portrayed in fiction as well. In John Steinbeck’s The Pearl, he dictates the story of a poor family that finds a pearl that will increase their wealth expontially, but as a result the families in society turns on the Kino’s family and attempt to steal the pearl. Kino, the father submits to his own greed and violence, beating his wife in order to stop her from throwing the pearl away, and eventually losing his son to hunters trying to take the pearl from him. (Stienbeck 1947). Kino’s family and his newfound wealth promote equilibrium through the imbalance of wealth created, as Kino’s family was poor before they encountered the

You May Also Find These Documents Helpful

  • Powerful Essays

    Bank Bailout 2008

    • 2686 Words
    • 11 Pages

    “Let’s hope we are all wealthy and retired by this house of cards falters” (Bloomberg, 2007). The credit crisis is known as the “House of Cards”, for years the banking industry has transformed many American lives, which has resulted in a troublesome economy. Many factors led to the credit crisis, such as the rise and fall of the housing market, and inaccurate credit ratings helped to create the sub-prime mortgage crisis (Issues & Controversies, 2010). Low interest rates developed easy credit, in which people could get a mortgage and credit cards based on inaccurate credit ratings with the creation of sub-prime mortgages. People have the ability to own a home, with no down payment or fixed income. In August of 2007, the United States began a loss of confidence in securitized mortgages, which resulted in the Federal Reserve injecting $20 trillion dollars into the financial markets to ease the situation (“Obama Sends Warning to Big Banks, 2010). The most important question to be answered in the decade is “How a loss of $500 billion dollars from the sub-prime mortgage resulted in a $20…

    • 2686 Words
    • 11 Pages
    Powerful Essays
  • Good Essays

    You hit the jackpot. Enough to provide for you and your family beyond your wildest dreams. Imagine the riches it would bring, but also the darkness of human nature. Kino lives contently in a small village with his wife Juana and son Coyotito. It’s a simple but happy life. That is until he finds “the pearl of the world”. Although it seems that all of their problems will be gone, in reality it gives way to evil and desire. John Steinbeck creates a remarkable novella following the story of Kino and his family as they are impacted by greed. In the story of The Pearl, characteristics of Aristotle’s System of Tragedy are evident through Kino’s demonstration of hamartia, catastrophe, and catharsis.…

    • 472 Words
    • 2 Pages
    Good Essays
  • Good Essays

    In The Pearl, the pearl represents greed. After finding the pearl, Kino as well as the other characters become greedy because they want the power they believe the pearl contains. The events that take place evoke the reader’s emotions by changing the way the reader feels about a character due to their choices. This helps the author to convey the point that money and power leads to greed.…

    • 533 Words
    • 3 Pages
    Good Essays
  • Good Essays

    The Pearl Greed Theme

    • 853 Words
    • 4 Pages

    In The Pearl, John Steinbeck tells of the struggles of a native fisherman, Kino, and his family. Kino’s son, Coyotito, is stung by a scorpion in the beginning of the story. Kino and his wife, Juana, find the pearl of the world, and they hope it will give them the money needed to cure their son. However, this event leads to a tragic journey in which Kino and his family must overcome many obstacles. The main theme of The Pearl is that greed has the ability to destroy a person’s morals. Kino, the doctor, and the pearl buyers all emphasize this theme.…

    • 853 Words
    • 4 Pages
    Good Essays
  • Good Essays

    The vital theme that John Steinbeck has examined was Greed, Greed as a Destructive force in Kino’s life. Kino seeks to gain wealth and status through the pearl and he transforms from a happy and comfortable father to a brutal criminal, and it is demonstrating that desires and greed are the root of all evil. As well as it destroys the innocence, and it is found in the New Testament in Paul’s first message to Timothy (1 Timothy 6:10) “For the love of money is a root of all kinds of evil. Some people, eager for money, have wandered from the faith and pierced themselves with many griefs.” This was the exact situation that happened to Kino. Kino’s greed led him to behave violently towards his spouse; it also led to his son’s death and it detached…

    • 678 Words
    • 3 Pages
    Good Essays
  • Satisfactory Essays

    The power of greed can destroy people and their wonderful and simple lives. It is not a physical power that physically kills you, but rather a power that gets in your soul and destroys you from the inside. The greed of Kino, the main character, is shown throughout The Pearl. The author showed greed throughout the book by using foreshadowing, symbolism, and characterization. John Steinbeck, the author, used all of these devices to show that greed was able to take over people's souls and change their state of minds because of the pearl’s ability to change people.…

    • 522 Words
    • 3 Pages
    Satisfactory Essays
  • Satisfactory Essays

    At the end of “The Pearl” by John Steinbeck, Kino felt guilty and decides to throw the pearl back into the sea. The pearl symbolizes greed and suggests wealth could bring contentment while also teaching a lesson.Kino fantasized all the possibilities for his family when Juan Tomas asked him, “What will you do now that you have become a rich man?” (pg 24) KIno then stated, “We will get married at the church”, “Have new clothes”, “Have a rifle”, and “My son will go to school.” (pg 24-25) When Kino tried to sell the pearl to fulfill his dreams, the dealer stated, “This pearl is like fool’s gold..It is large and clumsy, As a curiosity it has interest; some museum might perhaps take it to place in collection of seashells. I can give you, say, a…

    • 314 Words
    • 2 Pages
    Satisfactory Essays
  • Good Essays

    The Giant Pool of Money

    • 925 Words
    • 3 Pages

    Social proof and the confirmation trap were evident in the actions of many or all of the various players involved in the subprime mortgage crises (or credit crises) of 2008. From the NPR News radio program “The Giant Pool of Money,” the characters on the different rungs of the subprime mortgage value chain explain their actions, showing these two characteristics.…

    • 925 Words
    • 3 Pages
    Good Essays
  • Satisfactory Essays

    The Pearl Greed

    • 401 Words
    • 2 Pages

    oo much wealth satisfies individual’s heart desires but at times can bring worst out of him or her. The pearl is a novel written by John Steinbeck and examines a man’s own destruction through greed. In this novel, hope and evil consume Kino and the entire city of La Paz immediately information goes around that Kino found the pearl of the world. As asserted by Forman, greed, culture, anger, happiness, luck, death, mystery and evil are all major aspects in this book.…

    • 401 Words
    • 2 Pages
    Satisfactory Essays
  • Good Essays

    Steinbeck's book The Pearl concentrates on the atrocities Kino commits as the pearl blackens his soul and how he attempts to stabilize his relationships. Kino's determination…

    • 539 Words
    • 3 Pages
    Good Essays
  • Good Essays

    Predatory lending has caused many conflicts in the American society. Victims who fall for predatory lending are usually low income homeowners or those having financial difficulties. Consumers do not realize that mortgage payments are impossible until 3-4 years after predatory lending. This imposes a significant role in the destruction of the American dream. Constance M. Ruzich, a teacher at Robert Morris University in Pittsburgh, and A. J. Grant, also a teacher at RMU, state in their essay, “Subprime mortgages are home loans made at higher rates of interest to burrowers who represent higher credit risks and have lower credit scores.” People with subprime mortgages have a difficult time paying their taxes. Predatory lending, or subprime mortgages, has significantly taken part in the downfall of the economy. Ruzich and Grant say, “Ten years ago, few Americans had heard of subprime mortgages or predatory lending, but by 2008, a survey of economists had identified the effects of the mortgage crisis as the number one threat to the U.S. economy, greater than that of terrorism or conflict in the Middle East.” This statement shows how these lendings have affected the economy at a reasonably rapid rate. The economy of the United States has crumbled at a very accelerated rate like a house on fire. It is no longer what it used to be and in only getting…

    • 1266 Words
    • 6 Pages
    Good Essays
  • Better Essays

    The Federal Reserve

    • 3909 Words
    • 16 Pages

    The world financial crisis began in 2006 in the United States housing and related mortgage markets. Soon it spread to the entire U.S. economy and then to the rest of the world. In August 2007, the turmoil moved from the securitized U.S. mortgage markets to the interbank lending market, causing it to freeze up. Before long people became concerned about the extent and distribution of the mortgage related losses, market participants lost confidence in one another’s credit-worthiness, and the market that provides U.S. banks and other financial institutions with their liquidity became illiquid as a result. Institutions such as large commercial banks, investment houses, and insurance companies are the base of the U.S. financial system and because of the crisis they lost the ability to borrow short-term from one another. The general macro economy had weakened causing debt deflation, falling asset prices, falling real estate prices, and falling commodity prices; feeding one another into a downward spiral. Finally in September 2008, the breakdown of the international banking system based on the dominance of the major U.S. investment banks, commercial banks and insurance companies amplified the turmoil, sending severe shocks through the world economy. The economic crash international in its reach was characterized by falling employment, income, and output across the globe. The entire U.S. banking and financial system collapsed as a social financial system similar to banking crisis of 1931. From this point forward, what at first appeared as a U.S. “subprime mortgage market crisis” revealed itself to be a world economic crisis of major proportions.…

    • 3909 Words
    • 16 Pages
    Better Essays
  • Good Essays

    The Pearl Symbolism

    • 997 Words
    • 4 Pages

    Steinbeck skillfully uses the Pearl as a symbol to illustrate the emotion of defiance. First, Kino sees his wife leave the house and takes the Pearl and made kino mad. When Juanna hears kino footstep,” she got up leaped and kino took the Pearl and kick Juanna”(Steinbeck 21). Kino sees his wife took the Pearl which made Kino angry. This made the reader angry because he don’t care for his wife and made him change when he kick his wife. This happen in the world because many families fight each other's for valuables.…

    • 997 Words
    • 4 Pages
    Good Essays
  • Good Essays

    LITR221

    • 341 Words
    • 1 Page

    For my final project I have chosen to read and write on John Steinbeck’s “The Pearl.” The reason I chose this novel is because I thoroughly enjoyed reading “Of Mice and Men” which is also written by Mr. Steinbeck. I don’t get the opportunity to read many books of late and figured this would be the ideal time to read more of Mr. Steinbeck’s work. I am only about halfway through the book right now but my initial impression is that the main character, Kino, is similar to me in the aspect he greatly cares for his family and wants to provide for them as best he can.…

    • 341 Words
    • 1 Page
    Good Essays
  • Good Essays

    Irony of the Pearl

    • 552 Words
    • 3 Pages

    The Pearl, by John Steinback, recalls a parable in the bible. In the novella, the pearl is the central symbol, and unlike in the bible, is never clearly defined. Kino, Juana, and Coyotito are affected the most by the product of the pearl. At first, the pearl is seen as a stroke of divine providence, but through-out the novella, it will bring misfortune. The flawless pearl is deceiving and its true essence contrasts between its apparent, good outcome, and its intended, bad outcome.…

    • 552 Words
    • 3 Pages
    Good Essays