Böhm-Bawerk’s Capital Theory and Jevons’ Marginal Utility
Böhm-Bawerk’s Theory of Capital and Interest
Eugen von Böhm-Bawerk, an Austrian economist, developed a comprehensive theory of capital and interest that emphasizes the role of time preference, roundaboutness, and the structure of production.
Time Preference
Böhm-Bawerk argued that people have a preference for present goods over future goods due to the uncertainty of the future and the possibility of enjoying goods now. This time preference is a fundamental aspect of human behavior and plays a crucial
Read Moreမြန်မာ့စာပေမှ သစ္စာ၊ ပညာနှင့် ညောင်ရမ်းခေတ် အိုင်ချင်းကဗျာ
သစ္စာနှင့်ပညာ စကားပြေမှ နိဗ္ဗာန်သို့ သွားရာလမ်း
ပါရာယနဝတ္ထုမှ “သစ္စာနှင့်ပညာ” စကားပြေသည် နိဗ္ဗာန်သို့ သွားရာလမ်းစဉ်ဖြစ်သည့် ကျင့်ဝတ်များကို ညွှန်ပြထားသည်။ ၎င်းသည် ဘုရားရှင်က အာဠာဝကဘီလူးကို
Read MoreQuality Management Principles and 7QC Tools
Understanding the Concept of Quality
Quality is the measure of how well something fulfills its purpose or meets specific standards and expectations. It is about making sure a product, service, or process is reliable, effective, and satisfying to the person using it.
Factors of Quality
- Performance: How well it works.
- Durability: How long it lasts.
- Appearance: How good it looks.
- Reliability: Consistent performance over time.
- Meeting Expectations: How well it satisfies needs or requirements.
Key Dimensions
Read MoreCore Concepts in Organizational Behavior and Human Resource Management
Major Contributing Disciplines to Organizational Behavior
The major contributing disciplines to the field of Organizational Behavior (OB) are Psychology, Sociology, Social Psychology, Anthropology, and Political Science.
- Psychology: This discipline, which seeks to measure and explain behavior, provides significant input into understanding individual behavior in organizations. Key areas include learning, perception, personality, emotions, motivation, job satisfaction, and decision-making processes.
The AI Education Debate: Benefits and Ethical Challenges
Advantages of AI in Education
1. Personalized Learning
Artificial Intelligence (AI) can adapt educational content to each student’s pace, level, and learning style. This level of customization is nearly impossible for a single teacher managing a large group. An intelligent system can detect student mistakes and offer targeted exercises, making the learning process more effective.
2. Universal Accessibility
AI tools, such as voice assistants, automatic reading features, and subtitles, make learning more
Read MoreDigital Life Challenges: Protecting Truth and Mental Well-being
The Hidden Dangers of Social Media News Consumption
“Did you know that more than half of the world’s population now gets their daily news from social media platforms?” This reality might sound convenient, but it also hides a dangerous truth about how information spreads in the digital age. While many believe that social media makes news more accessible and diverse, it actually causes more harm than good.
News consumed on social networks presents three major risks:
- Spreading misinformation.
- Manipulating