Perhaps quite eloquently‚ in John Stuart Mill’s text Utilitarianism he noted that “there are few circumstances among those which make up the present condition of human knowledge more unlike what might have been expected‚ or more significant of the backward state in which speculation on the most important subjects still lingers‚ than the little progress which has been made in the decision of controversy respecting the criterion of right and wrong” (Mill 1:1-6). In summary‚ it is rather evident that there
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Session 11: Global Banking Central Banking as Global Governance. Constructing Financial Credibility * Functions of a Central Bank Monetary Policy | Creating Money | Maintain reserves and FOREX | Monetize Government Debt | Control Inflation | Lender of Last Resort | Creating Credit | Consumer Banking regulator | Exports- effect on Trading policy | Sectored Financing | Creation of Credit or endogenous money into the economy is also done by the CB as it authorizes consumer banks and
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Monty Hall Problem The Problem: You are in a game show and the host shows you three doors‚ saying that only one will give you the grand prize. After choosing one door‚ the host will open one of the two doors you did not choose. The host knows where the prize is and he would not open that door‚ if ever you have not chosen it. Then he would give you a chance to switch to the other door. Should you switch or stick to the door you have picked first? The Answer: You have a better chance of winning
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Mill‚ John Stuart. Utilitarianism 2nd ed. Edited by George Sher. Indianapolis‚ IN: Hackett Publishing Company‚ Inc.‚ 2001. INTRODUCTION It can be argued that no other philosophical system has so permeated Western thought as utilitarianism. From the early Greek thinkers like Epicures to post-Enlightenment writers such as Jeremy Bentham‚ the expediency of utilitarianism has been defended and expounded. Perhaps the most famous proponent of utility for modern times is John Stuart Mill. Mill
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J.S. Mill He was the most influential thinker of 19th century. The importance of his political theory is that liberalism made a transition from laissez faire to state centered‚ from negative to positive concept of liberty and from an atomic to more social conception of individual. Mill’s criticism of Bentham’s utilitarianism was one of the most important contributions to political thought. Published the History of India in 1818 His essays “On Liberty” (1859) and “The Subjection of Women” (1861) were
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ECONOMICS 1501 1: What economics is all about **Economics is the study of the use of scarce resources to satisfy unlimited wants** Wants – desires for goods and services - unlimited Needs – necessities‚ essential for survival‚ eg food and water. Demand – can only demand if you can afford it (purchasing power) Opportunity cost - value to the decision maker of the best option that could have been taken but wasn’t‚ eg watch a movie instead of studying for an exam Scarcity - time‚ space and
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Richard L. W. Clarke LITS3304 Notes 12B 1 STUART HALL “CULTURAL IDENTITY AND DIASPORA” (1993) Hall‚ Stuart. “Cultural Identity and Diaspora.” Colonial Discourse and Post-colonial Theory: a Reader. Ed. Patrick Williams and Chrisman. London: Harvester Wheatsheaf‚ 1994. 392-401. In this essay‚ Hall considers the nature of the “black subject” (392) who is represented by “film and other forms of visual representation of the Afro-Caribbean (and Asian) ‘blacks’ of the diasporas of the West” (392). “Who
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Answer to Moult Hall [calculations] Winston’s proposal: This is a long term project so full costing is used: £ Revenue (1‚900 x 15 x 50) 1‚425‚000 Costs: Depreciation [15 year life assets] (5‚100) Depreciation [5 year assets] (8‚400) Safety wear (4‚000) Track Maintenance (5‚000) Salaries [2 x 15‚000] (30‚000) Decoration [18‚000 + 8‚000] (26‚000) Food and drink [41‚250 + 48‚750] (90‚000) Fuel [11‚250 + 10‚000] (21‚250) Wages [22‚000 + 8‚000
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Mary Stuart was born in 1542; 50 years after Columbus found America. She was born‚ of course‚ in Scotland. Sadly‚ Mary’s life was brought to an end on February 8‚ 1586 at the age of forty-four because of her religious beliefs as a Catholic. Her death bill was actually signed by her own cousin‚ Elizabeth I of England‚ who at first was against it but was soon convinced by her own benefits of her cousin’s death‚ such as gaining the Scottish throne‚ that it must be done. Mary Stuart never had the chance
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The rule of Dearle v Hall further provides that a notice must be given to a debtor‚ trustee or any other holder of the fund according to the circumstances of the fund. Therefore the performance to the legal or equitable obligation that has been subjected to the assignment lies with the person who receives the notice as the assignor and the person who gives the notice as the assignee. In the circumstances where there are more than one trustees‚ a notice to one of them becomes effective whether such
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