Key Economic Ideas: Smith, Marx, Versailles, Depression, Keynes
Adam Smith’s economic ideas, as presented in “The Wealth of Nations,” have had a profound impact on economic thought and continue to influence economic policies and theories. Here are three main economic ideas associated with Adam Smith:
The Invisible Hand and Self-Interest
- One of Adam Smith’s central ideas is the concept of the “invisible hand.” According to Smith, individuals, in pursuing their own self-interest in a free market, unintentionally contribute to the overall economic well-being of society.
Spinal Cord, Invertebrate & Vertebrate Hormones, and Nervous System
Spinal Cord
The spinal cord extends from the base of the brain to the second lumbar vertebra. The bone presents a very narrow cavity (ependyma). Inside the spinal cord, nerve cell bodies are clustered, bearing gray matter on its collaboration. Axons originate from the white matter surrounding the gray matter, forming longitudinal beam currents leading to the brain and sensory-motor currents from the brain to the muscles and glands. The gray matter is shaped like a butterfly, and their ends are called
Read MoreUnderstanding International Law: Key Concepts & Definitions
International Law: Key Concepts and Definitions
International Law:
- Parties to, by, in
- By becoming to
- Under to
- International laws to
- The council on
Prefixes:
- Bi: Two
- Inter: Between, among
- Intra: Within, inside
- Multi: Many
- Non: Not, other than
- Supra: Above, beyond
Examples:
- Interagency: Involving two or more agencies, especially government agencies.
- Non-aligned: Neutral, especially towards major powers.
- Non-governmental: Without any participation or representation of a government.
- Multinational: Involving several different
Bohr’s Atomic Model: Postulates and Applications
Bohr’s Theory
Bohr’s Atomic Model
What did Bohr Do?
In 1913, Bohr applied quantum theory to Rutherford’s atom and proposed a model that explains the hydrogen atom’s emission and absorption spectrum. He produced a revolutionary theory.
What are the Postulates of Bohr’s Theory?
- The electron moves around the nucleus in specific circular orbits called energy levels or principal quantum levels.
- While the electron moves in the same energy level, it does not absorb or emit energy. The electron is in a steady
Baroque Poetry and Language Varieties: An Analysis
The Baroque: Poetry
Historical and social characteristics of the Baroque (seventeenth century)
Period of political decline and economic crisis, atmosphere of insecurity and disappointment. New world view: deformation of the ideal Renaissance and new mysticism. Imbalance that is manifested in the artistic and literary expressions:
- Evolution of Renaissance forms and content, emptying them of meaning. Moral stance against decay.
- Complicated and aspiration to art for art.
Search the new and difficult. Ease
Read MoreHuman Traits: Biological Plasticity, Senses, and Cultural Evolution
Human Characteristics
The traits that typify the human being are four:
- The first is standing, which has its pros and cons. It frees our upper extremities and allows for the relocation of the vocal cords to produce speech and also relocates the brain. The disadvantage is that it leaves our most sensitive parts exposed.
- The second feature is prehensility, which is the ability to grasp with the hand.
- The third feature is neoteny. This means that our species is born prematurely. When we are born, our brain
Body Piercing: History, Care, and Cultural Significance
Body Piercing: A Cultural and Personal Expression
A piercing is a derivative of earrings and is also an opening in the body to place a slope. These perforations are a form of body modification and reflect both cultural values and religious and spiritual beliefs. Piercings are also part of fashion, eroticism, conformism, or identification with a subculture. In Western history, traditionally only women practiced a single hole in the ears from small for life, but in other cultures of the world and in
Read MoreMorgenthau’s Realism, International Order, and Thucydides Trap
Morgenthau’s Six Principles of Political Realism (1965)
- Selfish Politics: States primarily act in their own self-interest.
- Autonomous Sphere of Action: Politics operates independently of morality or ethics.
- Self-Interest and Changing Political Reality: Conflicting state interests drive political change.
- Situational Ethics: Ethical considerations are relative to the specific situation.
- Opposition to Ideological Crusades: Nations should not impose their ideologies on others through force.
- Pessimistic View
The Roaring Twenties: Economic Boom and the 1929 Crisis
The Roaring Twenties: Economic Growth
The end of World War I ushered in a period of reconstruction, opening a decade of growth and economic dynamism. The British economy, based on older industries such as textiles and steel, experienced a decline. However, falling prices of raw materials and food provided some advantages. The war led to dramatic development for the U.S. economy, making the United States the leading world power.
The Engine of Economic Development: Industry
Industrial growth occurred
Read MoreFranco’s Spain: Understanding the Dictatorship (1939-1975)
Francoist Regime
At the end of the civil war in 1939, Franco imposed a totalitarian regime similar to those of Hitler and Mussolini in Germany and Italy. In contrast to Germany and Italy, his regime did not fall after World War II but continued until his death in 1975.
Ideological Foundations
- Fascism: Fascist ideology, represented by the Falange, advocated the concentration of power in a single person, Franco. He was given the title El Caudillo, and fascist symbols such as the fascist salute, paramilitary