The following book review takes a look at William T. Cavanaugh’s Being Consumed: Economics and Christian Desire (William T. Cavanaugh. 2008. Being Consumed: Economics and Christian Desire. Grand Rapids, Michigan: Wm. B. Eerdmans Publishing Co.). Being Consumed: Economics and Christian Desire deals with what Cavanaugh refers to as “the basic matters of economic life”, which is the free market, consumerism, globalization, and scarcity, as he aims to change the reader’s views on each of these topics
Professor Michael Todaro, economic development is an increase in living conditions, improvement of the citizens self-esteem needs and free and a just society. It can also be referred to as the qualitative and quantitative changes in an existing economy. It involves development of human capital, increase in the literacy ratio, improvement in necessary infrastructure, betterment of health and safety services etc. Economic development is a government policy to increase the economic, social welfare and ensuring
Over the decades, there has been an increase in consumption of energy in various sectors of the economy which has led to increasing debate and discuss among researchers and academician. Energy plays an important role in the economic growth of both developed and developing countries. It has always been critical for the development and growth of the country. Adequate energy supply is necessary to meet the needs of the country and also necessary for poverty reduction. However, growth hypothesis suggests
Economic segregation in England: Over the past 20 year, the patterns of segregation in England have changed. A lot of evidences confirm that ‘one-size-fits-all’ policies do not work. With no doubt each area should have different policy than the other. Areas with high levels of deficiency need intensive help to reach a ‘take-off’ point before the private sector is more likely to be expected to become involved. Otherwise, they become immovable in a poverty deception, segregated from other parts of
Prospect theory is a behavioural economic theory, which describes the way people behave when given the choice between alternatives. This can involve risk, probability and uncertainty. This theory assumes that these individuals will make decisions that are based on expectations of either a loss of gain, demonstrating that people often think in terms of expected utility, relative to a reference point. For example current wealth rather than absolute outcomes, which can therefore indicate that individuals
Introduction The role of state in economic development has long existed around the world. Due to the economic depression of 1930 the existing economic theories were not able to give any apt explanations for this worldwide economic collapse. This provided a backdrop for a revolution spearheaded by John Maynard Keynes. John Maynard Keynes was an influential policy analyst and economist. His book titled “The General Theory of Employment Interest and Money” was published in 1936 i.e. during the Great
The book Confessions of an Economic Hit Man is an autobiography of John Perkins. The book is mainly focused on his career as an “ Economic Hit Man”. His role was to convince developing countries to accept loans to improve their economy and create large projects for development, which was to be awarded to American companies. These loans will keep underdeveloped countries from developing and thus developed countries will control them. American companies then set interest in this under developed countries
COMPARING ECONOMIC VALUE ADDED FOR TOP 30 BSE COMPANIES MINIMIZING THE GAP BETWEEN ACTUAL PROFITABILITY TO SHOWN PROFITABILITY Anurag Krishnam Birla Institute of Technology and Management AUTHORS NOTE Anurag Krishnam Bachelor of Engineering-IT (Specialization in Multimedia) Birla Institute of Management Technology (PGDM-International Business) This Research was done under the guidance of Prof. Arindam Banerjee, FCMA CFP
Agrarian activities have been practiced since Neolithic age till now, throughout the world which proves that agriculture is one of the major contributory factors in economic development. (Include statistics of the world) Agriculture has been developed throughout the history and 5 major revolutions can be identified which resulted in major economic consequences in the history of mankind. Neolithic revolution, Arab agricultural revolution, agricultural revolution in Britain, green revolution and genetic engineering
Economic Recession Theory In economics, a recession is a business cycle contraction which results in a general slowdown in economic activity. Macroeconomic indicators such as GDP (gross domestic product), investment spending, capacity utilization, household income, business profits, and inflation fall, while bankruptcies and the unemployment rate rise. In the United Kingdom, it is defined as a negative economic growth for two consecutive quarters. Recessions generally occur when there is a widespread