A Surplus of Violence Leads to Destruction Sometimes violence can be a positive thing in a culture derived on strength and aggression‚ but at what point will that violence cause a man to unravel and lead to his destruction? In the novel Things Fall Apart written by Chinua Achebe‚ the characters live in a culture that is based around the strength of a man as the “head of the household”‚ and the honor a man can bring his family with a certain degree of aggression and violence. The protagonist Okonkwo
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labour equals power (<http//enwikipedia.org/wiki/Labour_theory_of_value>‚ March 2012). A commodity gains its value from labour power. This value is the ‘socially necessary labour time needed to produce it’. The value on top of this is known as ‘surplus value’ also known as the capitalist’s profit (Marx‚ 1906). A commodity is something that has value and can be exchanged for another commodity. Marx’s theory suggests that a commodity gains it’s value through labour power. For example‚ water in
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as opposed to the exchange values produced by paid labor‚ it was only the form of work that was directly related to capital” (Andrew 1994:105). “Thus‚ the housewife has no direct relationship to capital‚ since she is unpaid and does not produce surplus value” (Andrew 1994:105). However‚ this statement is somehow doubtful. The fact is that a woman’s domestic labor not merely serves a single man‚ but serves the whole capitalist system; her unpaid domestic housework contributes to and is closely linked
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means ‘cluster of nuts’ The areca nut palm is the source of common chewing nut‚ popularly known as betel nut or Supari. In India it is extensively used by large sections of people and is very much linked with religious practices. India is the largest producer of areca nut and at the same time largest consumer also. It is one of the most important commercial crops in the Southeast Asia. The nut is cultivated in palm plantations and the tree as well as the nut has a never-ending list of uses i.e. for chewing
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Marx v. Smith on Capitalism Capitalism‚ according to the Encyclopaedia Britannica‚ is “the means in which production are privately owned and production is guided and income is disputed largely through the operation of markets”. Capitalism saw the emergence after the feudal system of Western Europe can do a halt. Many economists‚ even today‚ dispute the simple beginnings of capitalism. Some theories range from religious reasons‚ such as the rise of Protestant Reformation in the 1500s‚ to the enclosure
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“An individual’s sense of identity emerges from the connections made with people‚ places and the community they interact with” The question of whether or not connections made with people‚ places and the surrounding community‚ does in fact shape our identities and in turn helps them emerge is a very complex one. Identities are what give people their own characteristics and uniqueness. Emerge means to become prominent or obvious‚ and in this case‚ an emerging identity simply means the development
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ECONOMIC CRISIS AND FALLING RATE OF PROFIT We saw how in a capitalist production‚ the capitalists’ desire for profit periodically collides with the necessity of division of labour. We saw how crises are intrinsic to the capitalist system to reintegrate the two. We saw how crises results in a widespread collapse of political and economic relations of production. Marx constantly refers to the laws of motion whenever he talks about capitalist system. We saw Marx’s law of falling tendency of rate
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1b. Summarize Marx’s views on the market‚ alienation‚ the labor theory of value‚ the surplus value‚ and the accumulation of capital. Are these views relevant in the 20th century and during the contemporary globalization? If so‚ how? How are these views related with Thorstein Veblens ideas? Please give specific reference to the relevant readings. Theory of Alienation--his analysis of how people are bound to become estranged from themselves and each other under the conditions of capitalist industrial
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Problem Set Seven Solutions Chapter 9 1. Two car manufacturers‚ Saab and Volvo‚ have fixed costs of $1 billion and constant marginal costs of $10‚000 per car. If Saab produces 50‚000 cars per year and Volvo produces 200‚000‚ calculate the average fixed cost and average total cost for each company. On the basis of these costs‚ which company’s market share should grow in relative terms? Answer: Average total cost is average fixed cost plus marginal cost: ATC = FC/Q + MC. Volvo’s average fixed cost
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joint venture a vertical acquisition a conglomerate 9.The more elastic the supply and the demand curves are‚ the smaller the shortage a price ceiling will create greater the shortage a price ceiling will create smaller the surplus a price ceiling will create greater the surplus a price ceiling
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