Karl Marx And Adam Smith Essay - 1639 Words

Presence of the Theories of Karl Marx Adam Smith Within the Canadian Economy Written by: Jason Kothary, Zach Shafi, Sam Girma Kevin Sallaku Research: Ryan Salehi, Zack Izzeddin, David Moffett, Cameron Bernardo, Harrison Toms, Taha Mahmood, Anthony Alexiou, Jason Kothary, Zach Shafi, Sam Girma Kevin Sallaku Canada’s economy is one that exhibits a multitude of characteristics that adhere to the capitalist and socialist constructs of a mixed system. In order to clearly define and analyze the current economic system of the country, one would have to establish a relationship between its economy as well as the ideas, theories, and models of prominent economists from the past. Both Adam Smith and Karl Marx conceptualized contrasting schools of thought regarding the methods in which an economy should be run — Smith emphasized the independence of businesses whereas Marx strived to eliminate class conflict. However, the principles of Marxism certainly satisfy the criteria of Canada’s economy through its regulations, public sector, and market intervention. This widespread manifestation of Marxism within the Canadian economy accurately represents the country’s economic position. Market regulation is a microcosm of normative economics, both in value and judgement. The primary purpose in a regulated market is ensuring fair services to customers and labourers. This lays parallel to Marx’s criticism of capitalist businessmen and their lack of enforcement, which starkly contrastsShow MoreRelatedAdam Smith And Karl Marx1055 Words   |  5 PagesDerek Ding Economy Ms. Walsh Period D Adam Smith and Karl Marx Adam Smith and Karl Marx are famous for their influential and prominent theories about economics. Two difference thoughts indeed are contributions that can change the world. In Adam Smith s â€Å"Inquiry into the Nature and Causes of the Wealth of Nations†, he introduced an idea where producers work in ways they want and get paid by how much work they put in. In other words, they can set up prizes that they thinkRead MoreAdam Smith and Karl Marx1053 Words   |  4 PagesAdam Smith and Karl Marx both came from very different worlds, however they saw the world in similar ways. Both had thoughts derived from different views. Smith had a very capitalistic view on things, while Marx was socialist in many ways. They expressed their thoughts in ways that were surprisingly similar while other ideas were dissimilar. Ultimately socialism and capitalism can go hand in hand. One main idea that both works addressed was the productivity of work and the ability to accumulateRead MoreAd am Smith And Karl Marx1674 Words   |  7 PagesI. Adam Smith and Karl Marx Contemporary economics are best explained by comparing two foundational thinkers that have contributed to the better understanding of liberalism, one being its proponent Adam Smith and the other being its most significant critic, Karl Marx. Both thinkers are profoundly important in locating and investigating the roots of neoliberalism as well as exploring alternatives ways to challenge neoliberal economics in the face of its post-cold war expansion as the inevitable andRead MoreAdam Smith And Karl Marx973 Words   |  4 PagesAdam Smith and Karl Marx were two economic philosophers who each introduced revolutionary ideas concerning economic systems, and their effect upon social progress and prosperity. Smith proposed an economic system, known as capitalism, in which a laborer s wage is wholly relative to their contribution to increasing the means of production; productivity is capitalism s main objective, as it inevitably results in increased profit and revenue. Conversely, Marx prop osed an economic system, known asRead MoreAdam Smith And Karl Marx1924 Words   |  8 Pagesshould be achieved Latin America. Adam Smith and Karl Marx are examples of the main two views. Adam Smith, a Scottish Philosopher, was a critique of controlled markets and supported the idea that consumers should be able to engage in a free market in order to achieve overall self- profit. As a believer in capitalism, Smith also viewed private property and overall self- interest as positives. Implementing these ideas without the interference of the government, Smith believed, led to unlimited wealthRead MoreKarl Marx and Adam Smith Essays1386 Words   |  6 PagesKarl Marx and Adam Smith Karl Marx and Adam Smith wrote in the same time period – during the industrial revolution, where the bourgeois had risen to power by oppressing and exploiting the proletariat. The term bourgeois refers to the people in the class of modern capitalists, owners of the means of social production and employers of wage labor. The proletarians are the people in the class of modern wage laborers who, having no means of production of their own, are reduced to selling their laborRead MoreAdam Smith and Karl Marx Essay831 Words   |  4 PagesAdam Smith, the father of economics, published The Wealth of Nations in 1776. Although it made little impact in its time, it conceptualised the economy in a radical new way: in terms of individual agents, acting out of self-interest. From an individualist perspective, he argued that people produced goods in order to make money, and made money in order to purchase goods they valued most. The exchange takes place in a market, where prices are set a ccording to costs and the demand for the good. ThisRead MoreAdam Smith and Karl Marx Essay2053 Words   |  9 PagesAdam Smith and Karl Marx Modern political economic theory and philosophy can be greatly attributed to the works of two men who seemingly held polar opposite views on the subject. Adam Smith, a Scottish philosopher, published his most well known work An Inquiry into the Nature and Causes of the Wealth of Nations in 1776 and is most often associated with the ideas and principles of the political economic system known as Capitalism. At the other end of the spectrum is Karl Marx; the German philosopherRead MoreKarl Marx, Adam Smith, And Andrew Carnegie1350 Words   |  6 Pages2015 Karl Marx, Adam Smith, and Andrew Carnegie The writings of Karl Marx, Adam Smith, and Andrew Carnegie all made significant impacts in society not only in their time, but continuing to this day. Marx shared is opinions on capitalism and his views of the progression of human society in his writing, The Communist Manifesto which he wrote with Friedrich Engles and published in 1848. Marx believed in the idea of a society with no capitalism and the abolition of the bourgeoisie. Adam Smith wroteRead More Adam Smith v. Karl Marx Essay2236 Words   |  9 PagesAdam Smith v. Karl Marx Being reared in the typical capitalist community in the United States, it is much easier for me to relate to the thoughts of Adam Smith. This is not to say that I do not agree with some of the precepts of pure Communism, but like the old adage says, Communism looks good on paper, but in practice, it is completely ineffective. Historically, this form of government does not tend to succeed because of many factors. Some of these include basic economic differences, individualism

Symbols And Metaphors Of Oedipus The King - 958 Words

The story of Oedipus the King have many symbols and metaphors that can be interpreted differently from person to person. There are many metaphors that are used as symbols in Oedipus the King, which includes sight and blindness, self-affliction, and the three way crossroad. These are the three main symbols that were used in the story, and sight means knowledge, self-affliction stems from a sense of guilt, and the three way crossroad stands for decisions. The symbol of vision is a big component of the story of Oedipus. There are several situations where vision is presented in this story and it is a symbol of knowledge. The blind man that told Oedipus that he would kill his father had knowledge about something that Oedipus did not. Although the blind man could not visually see, he had knowledge that allowed him to see Oedipus’ future through a prophecy. Oedipus had the ability to see and was warned by others and did not take the advice that was offered by others. As a result, he cut his eyes out because of the awful things that he did. The use of blindness and sight was a symbol that was used throughout the story. Some of the characters lacked the ability to see, but they had the knowledge instead. Although Tiresias was blind, he could see more about reality than most of the other characters. He was compensated for being blind with his gift of prophecy. Oedipus has excellent vision, but is blind to the truth because he does not accept the words of the prophet. HeShow MoreRelatedLiterary Devices In Oedipus The King By Sophocles810 Words   |  4 Pages400 B.C. Sophocles, a Greek dreamer, wrote the story, â€Å"Oedipus the King†. One might think that a story that old may be boring or poorly written, but in fact it is very descriptive and entertaining. Sophocles even employs different literary devices to enhance the themes throughout the story. Some of these techniques includes: metaphor, personification, imagery, symbolism, tone, meter, setting, and diction. Even though Sophocles uses metaphors during the story, the main subjects being compared areRead MoreNoting Details1540 Words   |  7 Pagesby Sopocles is characterization. In Oedipus the King, Sophocles used characterization to portray Oedipus as the tragic hero. A third literary device used in the play is flashback, which is where the story switches from the present to an event that occurred in the past. The most important literary device in the play is dramatic irony. It is frequently used throughout most of the play. For example, when Creon tells Oedipus about the gods curse on Thebes, Oedipus puts his own curse on the murderer ofRead MoreReview Of Oedipus The King 1394 Words   |  6 PagesMotif in Oedipus the King Sophocles’ writing style in the play, Oedipus the King, offers incredible insight into the ways that authors utilize recurring symbols to create motif in their plays and writings. This particular play uses a blend of irony, wit, and metaphor to create a literary motif. Sophocles explores the literal aspects of sight and blindness, in the form of knowledge and oblivion. Through recurring symbols of sight and blindness, both literal and metaphorical, Sophocles creates a motifRead More William Shakespeares Hamlet and Sophocles Oedipus the King1362 Words   |  6 PagesWilliam Shakespeares Hamlet and Sophocles Oedipus the King   Ã‚  Ã‚  Ã‚  Ã‚  Though Shakespeares’ Hamlet and Sophocles’ Oedipus the King were written in two different eras, echoes of the latter can be found in the former. The common theme of Hamlet and Oedipus the King is regicide. Also, like in Oedipus the King, there is a direct relationship between the state of the state and the state of their kings. Furthermore, there is also a relationship between Oedipus’ armed entrance into the bedroom in which JocastaRead MoreTheme Of Sight And Blindness In Oedipus797 Words   |  4 PagesSphinx.When Oedipus finally sees the terrible truth of his life, Sophocles hammers home his metaphor by having the king stab out his own eyes. Oedipus says he does this because he can no longer look on the horrors that his unwitting actions have created. With this most famous of gougings, Oedipus literally becomes the thing hes always metaphorically been: blind. At the end of the play, Oedipus becomes symbolic of all of humanity, stumbling fo rward The Scars on Oedipuss Feet When Oedipus was threeRead MoreEssay on Oedipus and Hamlet1424 Words   |  6 PagesProfessor Mihailovic 5-14-01 Though Shakespeares Hamlet and Sophocles Oedipus the King were written in two different eras, echoes of the latter can be found in the former. The common theme of Hamlet and Oedipus the King is regicide. Also, like in Oedipus the King, there is a direct relationship between the state of the state and the state of their kings. Furthermore, there is also a relationship between Oedipus armed entrance into the bedroom in which Jocasta hanged herself, and HamletsRead More The Search for Truth in Anton Chekhovs The Cherry Orchard and Sophocles Oedipus Rex1281 Words   |  6 PagesAn ignorant person is so confident they comprehend the truth, that they are blind to the greater truth. Anton Chekhov and Sophocles deal with the idea of this sinful pride that leads to ignorance in their respective works, The Cherry Orchard and Oedipus Rex. In each drama, certain characters are slapped in the face with the truth; the light is revealed. However, these characters make the connection when it i s too late. Their destruction is already destined to become a reality, a horrid fate thatRead MoreAnalysis of Oedipus the King Essays1825 Words   |  8 PagesThe tale of Oedipus and his prophecy has intrigued not only the citizens of Greece in the ancient times, but also people all over the world for several generations. Most notable about the play was its peculiar structure, causing the audience to think analytically about the outcomes of Oedipus’ actions and how it compares with Aristotle’s beliefs. Another way that the people have examined the drama is by looking at the paradoxes (such as the confrontation of Tiresias and Oedipus), symbols (such as theRead MoreThe Quality Of Self Reliance953 Words   |  4 Pagesand everything happened or would happen in their life is also pre-set by the Gods. Plebeian were often restrained by such a typical perception, therefore they insisted that life was controlled by their own destiny, which was unable to deny. Though Oedipus and Socrates demonstrated their wisdom that was superior than the Plebeians when facing puzzles, the types of wisdom they possessed were different to some extent, and this is the main factor that caused different experience in their later life. TheRead MoreLacan once said, in an unpublished seminar, â€Å"the Oedipus Complex is a dream of Freud† (Felman,1600 Words   |  7 Pages Lacan once said, in an unpublished seminar, â€Å"the Oedipus Complex is a dream of Freud† (Felman, 1034). It is a questionable theory and a so-called ‘dream’ because Sigmund Freud developed the Oedipus complex in such a way that allowed him to stand as an example of his own theory. It begins with what Freud would call ‘introspection’; the analysis of one’s self. He developed terms to use in his psychoanalysis; terms that divide the self and attempt to explain aspects of the human personality. Adding

Toy Recall Free Essays

Mattel is multinational toy company that has been beleaguered by problems involving massive toy recall. Indeed, the company has been announcing product recalls and providing details about them since 1998. In 2007, wooden toys were ordered recalled by the state Department of Consumer Protection because the toys were found to have high lead content. We will write a custom essay sample on Toy Recall or any similar topic only for you Order Now Moreover, the excessive amount of lead found in the toys was considered violations of the federal prohibition on the use of lead paint on children’s toys (U.S. Consumer Product Safety Commission, 2007). Apparently, the toy was already sold in several stores. Thus, the Department of Consumer Protection instructed customers to return the purchased items to stores for a cash refund (Krechevsky, 2007). Mattel is taking a beating with the repeated product recalls of Chinese-made toys, due to excessive levels of magnet and lead content. The staggering number alone of the toys recalled, coupled with the frequency and short duration in between recalls, is sure to cause damage to the company’s credibility and financial performance (Microsoft, 2008). Reports would show that in the previous year, Mattel recalled 1.5 million Fisher-Price infant toys to be sold all over the world. A few weeks later, Mattel announced another recall order of 9 million toys, such as Polly Pocket dolls, â€Å"Cars† movie souvenir products, and Barbie dolls. Other popular toys that are included in the toy recall are Tanner play sets and action figures of Batman and One Piece Triple Slash Zolo Roronoa action figures. These toys, which were all manufactured in China, are feared for having lead-paint and small magnets that could be swallowed (Microsoft, 2008). Several injuries related to the recalled toys had been reported in the United States, which include the death of one child and the surgery of 19 children since 2003, as a result of the swallowing of little magnets found in the toys. Children who swallow more than one magnet are in danger of intestinal perforation, blockage, or infection caused by the magnet’s attachment to each other. Intestinal perforation requires surgery, and could be fatal (Microsoft, 2008). On the other hand, the high levels of lead content in China-made toys present a different risk. It is not necessarily dangerous for children’s toys to have lead paint. However, there is a limit to the lead content of toys because there should only be a maximum of 0.6 percent of lead that is accessible to users. Children who are exposed to more than 0.6 percent of lead could ingest the toxic substance (Microsoft, 2008). These frequent and massive toy recalls would create a huge dent on the company’s credibility among consumers, specifically parents. This would easily translate into huge losses in terms of profit. Thus, Mattel is trying very hard to convince parents not to lose trust in the company. The company is undertaking campaigns such as full page ads at popular newspapers like the Wall Street Journal, USA Today, and New York Times, in order to convince parents that they should still be trusted to provide entertaining and safe toys for children (Microsoft, 2008). Officials of the company say that they started investigating as soon as they learned of potential problems with the toys in late July of the previous year. Bob Eckert, the chief executive of Mattel, declared in a press conference that the company is exerting effort to beef up its oversight and testing procedures in its production processes. Thus, they expect to recall more toys to protect the public. Testing in the high levels as the company is currently doing, it cannot be guaranteed that there would be no more recalls this year. In order to help consumers who may have concerns and questions about toy recalls, Mattel set up an online site where such concerns could be ventilated (Microsoft, 2008). The company’s response to the toy recalls is to counteract the damage done. Thus, they spent resources in printing huge and expensive ads in popular newspapers in order to reach out to their primary consumers, or the parents. They try to convince parents that their foremost priority is the safety of the consumers’ children, and the toy recalls are steps in the right direction towards protecting children. Mattel’s lack of objection, and instead, full cooperation and support for the toy recalls shows that the company is taking full responsibility for the situation, and that they are not shirking from their responsibility to the consumers. The company’s actions send a strong message that they know that something is wrong, but they are doing all that are necessary to address the problem. Moreover, the establishment of a hotline and a website that would provide relevant information to all concerned is a responsible initiative that shows how serious Mattel is in helping out consumers. In the given situation, Mattel could not have handled the situation in a better manner. An irresponsible manager would try to keep the controversy under wraps in order to avoid humiliation and damage to the company’s reputation. However, it is better to address the issue head-on in order for the company to maintain the customers’ trust and confidence. If I were an official for Mattel, I would put more vigor to the campaign and marketing of Mattel products. I would not stop at newspaper advertisements and appeal to the intellect of parents; rather, I would again tap into the interests of children so that they would want Mattel’s products. This way, parents would feel pressure from children to reconsider Mattel as a toy producer. Before Mattel took a definite course of action, it was possible that they considered to keep the controversy a secret. They could have taken a risk in not recalling products and simply hope that no injury would result. They could have chosen to be irresponsible. However, such alternative action would have resulted in more damage in the credibility of the company. If such act were discovered, it would make the company appear greedy and selfish, without regard for the health and safety of its consumers. Therefore, Mattel’s strategy of coming out in the open, supporting the recalls, and providing support to consumers, is the best strategy possible in the given circumstances. References Customer Expectations. The Business Information Revolution, 65-77. Retrieved   Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚   February 8, 2008, from jsessum.com/samples/WP-enterpulse.pdf Krechevsky, D. (2007). State recalls robot toy due to lead levels. American-  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚   Republican Inc. Retrieved February 8, 2006 Mattel Inc. (2007). Product Recalls. Retrieved February 8, 2008, from   Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚   http://service.mattel.com/us/recall.asp Microsoft. (2008). Mattel issues new massive China toy recall. Retrieved February 8,    2008, from http://www.msnbc.msn.com/id/20254745/ U.S. Consumer Product Safety Commission. (2007). Fisher Price Recalls Go Diego Go   Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚   Boat Toys Due to Violation of Lead Paint Standard. Retrieved February 8, 2008                                                    How to cite Toy Recall, Essay examples