The New Palgrave Dictionary of Economics Essays

Both Plato and Aristotle hold that democracy is inefficient for various reasons. However, I wouldn’t necessarily conclude that both philosophers consider democracy bad per se. Plato and Aristotle’s critiques of democracy seem to stem from their metaphysical conceptions of human nature and how that nature has influenced human beings to interact with their environment. Democracy, or any form of government, is an extension of human nature because our existence precedes that of the state’s. In other

Wacquant discusses the urban exclusion on the issue of “new urban poverty” by taking xenophobic attitudes and increasing the urban inequalities into consideration. He addresses urban exclusion on the base of degradation, high rates of unemployment and a low morality (p.370). These elements also enable us to

by Daniel Stern (1995) called the “motherhood constellation.” The “motherhood constellation” is a unique mindset held by the mother prior to the infant’s arrival and is sustained through motherhood. This mindset places the mother’s main focus on her new identity and journey, preparing her emotionally and psychologically. Another stage involved in preparing the mother

to reason one: the level of education is often proportional to the level of skill. With a higher level of education, a person often has more advanced skills that few workers are able to offer, justifying a higher wage. The impact of education on economic inequality is still profound in developed countries and cities. Although there are usually policies of free education in developed nations, levels of education received by each individual still differ, not because of financial ability but innate

As fellow human beings, in work organizations income should be given according to the job level one possess. Forms of economic democracy such as employee ownership, kaizen method, employee representation on board, monetary and nonmonetary rewards for employee, raise the motivation levels and reduces inequality. For development practitioners income difference can be reduced

social stratification and poverty in different ways, some positively and some negatively. In the U.S. and worldwide, economic inequality is present and the ways of society allow poverty’s existence to continue. Social stratification is the hierarchal differences of individuals in society. The first dimension of social stratification is social class. This is categorized by one’s economic position or occupation and represents their wealth. Those who rank close to each other are considered to be in the

The 1930’s was primarily encompassed of the Great Depression. The stock market crash of 1929 led to a downward spiral of the economy, and many families were forced into unwanted unemployment. While men faced the harsh reality of being out of work, woman transitioned themselves to accept the responsibility of being the primary “bread-winners” of the family. While women were becoming dominant in the work force, their profound role in society was overshadowed by many outdated Victorian Era gender biases