such a society. This was first argued by Milton Friedman in 1955 when he wrote: A stable and democratic society is impossible without a minimum degree of literacy and knowledge on the part of most citizens and without widespread acceptance of some common set of values. Education can contribute to both. In consequence‚ the gain from the education of a child accrues not only to the child or to his parents but also to other members of the
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Religious intolerance has always been a trademark of Brazil despite the fact that since the year of 1891 the country was constitutionally declared a secular nation. With a population of more than 209 million‚ Brazil is mostly catholic (65%)‚ and while Protestants (23%) have eased their way into being socially tolerated and accepted through the years every other religion is quite often rejected and frowned upon. This rejection makes it difficult for other religions to grow‚ but certainly not impossible
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belief of how the economy functioned. With banks failing across the country‚ the Federal Reserve chose not to bail them out‚ allowing them to go bankrupt and the public to lose faith in the strength of the economy. Today‚ many‚ including Milton Friedman‚ Ben Bernanke‚ and Anna Schwartz‚ blame the Federal Reserve‚ not for causing the Great Depression‚
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OBSIDIAN HYDRATION There are two ways of Obsidian Hydration. One is to determine if the artifact is older or younger as the other is a calendar date of AD/BC being used. The decision of which one to use is relative or absolute dating depends on the environment’s condition. The dating of Obsidian Hydration artifacts‚ which is based on the fact that a freshly made surface of obsidian will absorb water from it’s surroundings to form a measurable hydration layer. For example‚ cracking of the lava
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Ethics Paper Economist Milton Friedman said that “the only entities who can have responsibilities are individuals. A business cannot have responsibilities. So the question is‚ do corporate executives‚ provided they stay within the law‚ have responsibilities in their business activities other than to make as much money for their stockholders as possible? And my answer to that is no‚ they do not.[2]” Nowadays‚ this debate falls into the CSR‚ or also know as the “Corporate Social Responsibility”
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killed approximately six million Jews between 1993 and 1945. It is impossible to know how many Jews died in the Holocaust‚ half the jewish victims died in a concentration camp others were shot by nazis. Elli Friedman and her family are Jews and they also lived in the Holocaust. Elli Friedman was 11 years old when her and her family were sent to concentration camps. Elli was a smart and she was a bright little girl but everything was ruined for her. When Elli was in the concentration camp she had
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the center of the main quadrangle at the University of Chicago‚ resembles a converted abbey‚ with its vaulted ceilings and arched windows. The library was completed in 1912‚ before Enrico Fermi built the world’s first nuclear reactor‚ before Milton Friedman devised the permanent income hypothesis‚ and well before Barack Obama taught Constitutional Law. Generations of scholars have pored over Adam Smith and Karl Marx in the main reading room‚ penned world-class treatises at the long wooden tables‚ and
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Journal: Thomas Friedman – Generation Q This article by Thomas Friedman covers how our generation‚ ‘Generation Q’‚ is the “quiet generation” that holds ideals and hopes that can change the world – if only we weren’t so quiet. Friedman explains that our generation has a various range of idealism but we are not brave enough to come forth and express our points. In his opinion we are not as outraged as we should be. Friedman’s claim is not something new; he is more elaborate by specifying the
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Part A (a): Ethical dilemma Kate is faced with the dilemma is weather to report about the contaminated milk to the Queensland Food Safety Authority (FSA). Ethical egoism Under ethical egoism‚ Kate should report the issue to the food safety Authority. Because under the ethical egoism it is maximising the self-interest which she doesn’t want to see customers get ill and furthermore the business get bad publicity. Also being rewarded as a most honest person in the restaurant she doesn’t want to be
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Milton Friedman‚ he believed that maximization of profit is the key drivers or fundamental premises in a free market economy and that corporate executives were employees of the owners of the business and that their social responsibility is towards the shareholders of the company and maximizing shareholders value. In short‚ he argued that the social responsibility of any business was to generate profits as more profits would lead to higher dividends or capital appreciation. (Milton Friedman‚ The New
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