Discuss whether taxation is the most effective solution to the market failures arising from negative externalities. Negative externalities are defined as‚ “[negative] third party effects arising from production and consumption of goods and services which no appropriate compensation is paid.” This means the marginal cost curve only takes into account the private costs and not the external/social costs‚ and so there is an overproduction of the good or service. This misallocation of resources means
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“The witches are the most powerful characters in the play and the catalyst of all Macbeth’s crimes” Do you agree? In Shakespeare’s play Macbeth‚ we are faced with a character‚ Macbeth‚ who is known as a strong soldier in the play and from this we can infer that he is a determined character. In saying that‚ we witness the transition from a character that is already very ambitious‚ into a character that becomes fuelled with the desire for power. The fuel had begun from the prophecies and apparitions
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Sarah Kaufman‚ Danielle Jeanne Lindemann Selections from: The Marx-Engels Reader Karl Marx’s broad theoretical and political agenda is based upon a conception of human history that is fundamentally different from those of the social‚ and especially the philosophical‚ thinkers who came before him. Most importantly‚ Marx develops his agenda by drawing on and altering Hegel’s conception of the dialectical nature of the human experience. As Marx describes in his essay‚ “Contribution to the Critique of Hegel’s
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The tradition concept of development has for a considerable period of time been driven by economic considerations. Exploitation of natural resources which leads to environmental degradation motivated by targets of maximum profits has been the norm and little regard has been granted to the side effects of development initiatives. Gradual escalation of awareness and realisation of the range as well as the magnitude of environmental effects of development initiatives led to worldwide discussions on
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According to Marx‚ all political rule is class domination. Critically analyse. Class is not simply an ideology legitimising oppression: it denotes exploitative relations between people mediated by their relations to the means of production. In Marxian and similar theories‚ the term ‘class’ is used as a technical term connected with a theory of ownership and control. Political Rule is the exercise of power. According to Max Weber‚ Power is “the chance of man or a number of men to realize their own
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Focusing on economics of a crime and discuss about the pros and cons of a decision to commit an offense‚ Wilson uses the classical model of human choice to assume that criminals have enough intelligence to calculate the cost and benefits of committing a criminal act. His example of a male robbing an old lady‚ has a situational factor preceding the male considering committing the offense. Before the potential offender weighs any pros and cons of potential offense‚ he has gone through a process of
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................................. 3 Outcomes ..................................................................................................................................... 3 LECTURER(S) AND CONTACT DETAILS ................................................................................... 3 Lecturer(s) .................................................................................................................................... 3 Department ...........................................
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believes in‚ he has no choice but to become an outlaw.” – Nelson Mandela Crime is a social phenomenon‚ both in its causes and effects. Since the advent of modern social science‚ sociologists and criminologists have been preoccupied with finding the answer to what is the root cause of criminal behavior. Much of the focus and research into the causes of crime has centered around the impact of social deprivation. Social deprivation is the reduction or prevention of culturally normal interaction between
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First let me discuss intelligence; Intelligence can’t be pinned down to one central skill it is considered a very broad term. Spearman defines intelligence as well defined tests that correlate to give a measure of intelligence‚ a well known and widely used test is the intelligence quotient or IQ test (Eysenck 1971‚ p.53). On the other hand IQ according to Ashley Montague doesn’t measure intelligence; the make up of intelligence has no definitive term. Different circumstances form the abilities we
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How Close Is The Relationship Between Social Deprivation and Crime? Poverty is generally regarded as absolute deprivation. Poverty is defined as the lack of some fixed level of material goods necessary for survival and minimal well-being. Areas that rank high on measures of deprivation‚ such as high unemployment‚ low levels of income and poor quality accommodation‚ are often characterised by high levels of crime and disorder. This is because some individuals respond to the conditions they have
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