Economics - October 2006

[thinking hard on the reasoning is not conceding to the reasoner] wherever there is pay for no work, there is work for no pay? injustice grows endlessly? injustice produces anger violence war crime social breakdown unfraternity danger unsafety? justice [no pay for no work] is absolutely indispensable to society happiness democracy safety peace pleasure? justice is EXTREMELY VALUABLE TO US? worth extremely careful thinking about? if ppl think it all around, from all sides, angles, will they see that supporting inheritance instead of equal distribution of estates among all citzens is bequeathing misery to their family, friends and nation, by cause of letting in injustice, which grows endlessly, generating violence [war & crime]? why did the founding fathers outlaw entail, primogeniture? because they knew those things had caused injustice tyranny inequality, which destroyed liberty fraternity [=friendliness] in europe - money is power - unjust wealth/poverty is tyranny/slavery

2006-10-14 19:38:47 · 4 answers · asked by Anonymous

justice = equal pay for equal work, ie, constant ratio of pay to work - eg: inheritance, lottery wins are clearly pay for no work - wd society be more just, peaceful, happier, etc if estates were distributed equally among all citizens [with descendents' option to buy items of sentimental value]? - profits from scarcity [eg, new technlgy, low supply high demand]: clearly money for no work - payment for ideas, benefit to society: after full payment for work put into developing idea, bringing product to market, pay for idea & benefit is clearly pay for no work - profits in excess of full fairpay for workinput of owners: by definition: pay for no work - leaving all these injustices [& the many other legal injustices] in the system, & putting a cap on fortunes at the most a person can earn in a lifetime by their own work, & spreading the overfortunes regularly among all, will ensure practical approxn to justice - bringing much happiness [peace safety savings democracy liberty law order etc]

2006-10-14 18:58:21 · 2 answers · asked by Anonymous

I’m working on a book, and I want some historical accuracy. ;) So, if anyone could tell me what a penny (and maybe a dollar) could buy in America during the years 1900-1910, I’d appreciate it. Also, how much would those items cost today? Thank you!

2006-10-14 18:25:29 · 5 answers · asked by yourdoctorcandid 1

can investment in justice pay FAR FAR FAR HIGHER DIVIDENDS than anything else? is justice an ENORMOUSLY UNDERVALUED STOCK? is our simplistic rule of thumb, money=happiness, letting us down VERY VERY BADLY? can justice deliver ENORMOUS INCREASE OF HAPPINESS? is there ENORMOUS ROOM FOR GROWTH here?

we all know the chestnut 'the rich get richer' etc - we know this means: the rich get more & more dollars per unit of work - we know that justice is equal pay for equal work - we know more & more unequal pay for equal work is injustice - we know injustice in pay is theft, is injury, produces anger, produces violence, violence is hugely expensive, in many ways - we know pay ranges extremely widely: actually, from $1 to $1 billion/fortnight's work - from a lifetime's work to less than a second's work/$1000 - the fruits of justice are: survival of the state, peace, happiness, liberty, friendliness - everything good - can we get HUGE HAPPINESS/DOLLAR RETURNS from buying into justice?

2006-10-14 18:23:53 · 2 answers · asked by Anonymous

2006-10-14 17:22:08 · 4 answers · asked by youthebest 2

what if someone puts ten yrs work into an idea and the idea benefits billions? - shd the pay be related to the work or the benefit? - the developers of the tetrapak are richer than the queen: can we afford to pay ppl in proportion to the benefit? - or shd we compensate the sacrifice [the work, the time, the energy]? is the person solely responsible for the idea? or is an idea built on a cultural level?
and isnt the idea a gift of nature/muse/pegasus/mind?

letting the market decide is just laziness, madness, because we know the market is not fair [eg, the market paying for scarcity, which is not a sacrifice by the person - eg, bill gates raking billions just because of the scarcity built in to new technology - hgh dmnd, lw spply]

apart from the hrs of work, thought, development, etc, the idea is free to the person who has it - why do we pay for a freebie of nature?

the market does not pay in proportion to the benefit, but we justify high pay by the market reward

2006-10-14 16:54:06 · 2 answers · asked by Anonymous

eg, when ppl think of ppl trying for a free ride, getting paid even if they dont work, they think of the poor, ppl on welfare, but NEVER of the superrich, who CANT have earned so much, who MUST be overpaid - eg, a nobelprizewinning economist can say there is no free lunch, when the highest AVERAGE pay [increase of fortune] /hr is US$500,000 - with peaks up to $10,000,000 - eg, ppl can say seriously that the rich make their money by hard work, when no one can work more than twice as hard as the average person, & yet incomes [increase of fortune]/workhr go up to A MILLION TIMES average - superextraordinary - superodd - super hard to explain -
the poor man gets at most ONE unemployment benefit, the rich man gets up to 3 million unemployment benefits [assuming the unemployment benefit is a third of average hrly pay] - and yet ppl dont have an atom of indignation or contempt or hatred for this, and yet have sometimes considerable animus against the poor person getting one unemplymnt ben.

2006-10-14 16:27:01 · 5 answers · asked by Anonymous

2006-10-14 15:50:38 · 5 answers · asked by niko s 1

Trying to find information for a research paper. Any information will help.

2006-10-14 13:12:20 · 6 answers · asked by furball17 2

2006-10-14 12:59:37 · 14 answers · asked by chippy m 1

Calculate your price of elasticity of demand or apples. What can you say about the your price elasticity of demand of apples? Is it elastic, inelastic or Unitary elastic, be sure to show your work.

2006-10-14 12:27:41 · 2 answers · asked by corabrown00 1

2006-10-14 11:30:04 · 8 answers · asked by ShO . 1

does it take to solve a mystery?

2006-10-14 08:33:37 · 9 answers · asked by Anonymous

include sources, please.

2006-10-14 06:49:34 · 3 answers · asked by econ student 1

Can a country have a high inflation rate and high GDP growth simultaneously? Serious answers only, please.

2006-10-14 05:14:21 · 6 answers · asked by Barbzzz37 4

2006-10-14 01:25:26 · 6 answers · asked by Anonymous

2006-10-13 23:03:19 · 9 answers · asked by Anonymous

Why it was tht in a market economy profit was the main aim…?

2006-10-13 22:53:44 · 11 answers · asked by Anonymous

[i think we are confused about selfishness - true bad selfishness is failing to take into account the effect our actions will hav on behaviour of others towards us - false selfishness is thinking it is wrong to think of yrself - imo it is THE WHOLE OF DUTY to pursue yr own happiness 100% of the time - but IF U DO THIS, u will immediately grasp the golden rule: that generally speaking all hurting comes back, ie ppl arent doormats, every injury produces equal opposite reaction]

if ppl pursued their own happiness with any ATTENTN, they wd comprehend & clasp this reasoning:

we know that taking 90% of income off 90% of ppl wd produce giant trouble, pain & unhappiness, so we know that STOPPING taking 90% off 90% will DESTROY giant amounts of trouble, pain & unhappiness

because of 1000s of yrs of uncontrolled richgetricher etc, we HAV this extreme injustce - WORSE than this - therefor we know we can be GIANTLY HAPPIER [!!!!] [if we think it thru]

we ar hurtg rselves & we CNT C IT

2006-10-13 20:34:00 · 2 answers · asked by Anonymous

I have never been to Alaska,but I am very interested in it. I have found a lot of photos taken in Alaska,and they are pretty beautiful.
But it is said that Alaska is a typical victim of pollution and environment problem,living there may damage one's health.

Are these information true or false?
Anyone living in Alaska here?Do you enjoy your life there?

2006-10-13 19:37:00 · 3 answers · asked by Jason 2

2006-10-13 19:11:37 · 7 answers · asked by CulturedQuant 2

I'd be grateful if somebody out there could direct me to some articles or an online discussion about the kinds of things that happen when two currencies are locked together, like Hong Kong's and the U.S. dollar are.

This situation is surely common enough, except not one of the economics textbooks at my disposal says a word about it.

What in particular I seek to understand is what sorts of things will happen if the smaller country prints too much or too little of its own currency, and whether and how inflation rates between the two countries will be identical.

Thanks, anybody who can help.

2006-10-13 18:18:00 · 3 answers · asked by Zowzooma, the Angry Deity 2

broadly speaking, everyone works equally [ie, within a small range - plus or minus 20%/hr] - so it would be just to pay everyone equally, ie, within an equally small range - instead we hav allowed pay range to grow up to 1,000,000 times av, & down to 1000th av/hr - shortening 90% of ppl's lives by decades - murdering 90%, since shortening life is legally murder - & causing 90% of ppl to be unable to contribute to scientific progress - & causing 80% of medical scientists to be wasted in looking for generics, & 80% of scientists to be designing wartoys - when they cd be lengthening life -
plus the 1 in 50 humans killed each yr in war & starvation - arent we all murdering all of us, since we are shortening the life of all of us, by months, years & decades, when we cd be paying work justly, & living in peace, with medical science advancing 50 times faster? - & then there is the decimation of everyone's quality of life, by the environment of unnec. extreme violence, instead of peace

2006-10-13 16:30:02 · 10 answers · asked by Anonymous

2006-10-13 15:39:10 · 7 answers · asked by Brittany M 1

common thinking argues: i do brainwork, so im superior - where is the competition, the drive to excel? - cant get demotion for poor performance - why i prefer democracy

the slacker gets fired - there is no protectn for slacking in eql/hr pay

fairpay=equal motivatn

the big downside his tunnelvision was blind to, is that, opening up to unlimited range of hrly pay means inequality of hrly pay grows endlessly, giving birth to antidemocratic range of political power, ie, tyranny, corruption, greed [lust for overpay, ie, pay for work + pay for no work], giving birth to endless stretching of wealth/poverty, tyranny/slavery, erosion of human rights, increase of sadism brutality, giving birth to endless increase of violence [war & crime], growing to power to kill all planet life [which we hav now] -

predator tunnelvision has blinded us to the giant predator on us which our unlimited pay has created [oilman tyranny, killg mllns, oppressg bllns, stealg trllns]

2006-10-13 14:59:01 · 2 answers · asked by Anonymous

2006-10-13 14:58:34 · 5 answers · asked by Why_so_serious? 5

[we hav pay/hr range from 1000th to million times world-av hrly pay - every worker in the world [4 bn], including homemakers [2 bn] & tertiary students, wd be paid US$15/hr [2006 $s] if we had eql pay/hr] - ie, family wrking av hard wd be on US$75,000/yr

which wd u choose?

1] a world in which u were the highest paid person in the world, in which pay/frtnt ranged from $1 to $1 bn, with 1 bn on less than $1/day [200th of world av], 3 bn on lessthan $2/day, 90% on lessthan 10th of av, 99% on lessthan av, 1% on up to a mn x av, with the extreme violence, danger, unpeace, waste, trouble, disease, etc

2] a world in which overpay/underpay is justly limited by limiting fortunes to the maximum a person can earn by their own work, greatly reduced war, crime, poverty & disease, with liberty, equality, fraternity [= global friendliness], low defense costs [in lives [both the killed & the employed in defense industry], taxes, damage & destrctn of person & property]

a no-brainer?

2006-10-13 13:26:12 · 1 answers · asked by Anonymous

closer to equal pay/hr removes temptation to depart from the work that gives one most intrinsic satisfaction, joy, happiness, fulfillment, to a job wih more money & less [or little, or no] intrinsic satisfaction? [this was plato's definition of justice: everyone doing the work they love best - like liver cells doing liver job, etc]

also: ppl doing satisfying work means higher quality work - eg, overpaying doctors, politicians, leaders, means real healing-loving ppl, etc are elbowed out by the avaricious [read 'naked empress' for a portrait of the AMA as taken over by false docs] - power corrupts, ie, the most avaricious [selfdestructive, evil, false] congregate round the biggest moneypots - eg, papacy, bishops, govt, televangelists - contrast the founding fathers fixing clergy salaries to prevent corruption of religion [fat friars], prohibiting entail, primogeniture to prevent 'pseudo-aristocracies' ie corrupt plutocracies
plus: extreme range of wealth/power is antiliberty

2006-10-13 12:55:52 · 2 answers · asked by Anonymous

it is murder if u deprive a person of even 10 minutes of life - the extreme underpaying of 90% of ppl [getting 10th-1000th of world av hrly pay], bc of uncontrolled unjust millenia-long richgetricher etc, causes many years shortening of life for this 90% of humanity
[more disease, ignorance of health practices, cant afford health care, food, healthy water]
also the pushing 90% of ppl below the higher education level deprives us of 90% of scientists, thinkers, researchers, thought, invention, innovation, which slows down the progress of medicine to a 10th of what it wd be with everyone getting enough 'oxygen' of pay
plus 80% of research money is wasted on searching for generics to get round patents, slowing medical advance to 5th of 10th of what it cd be, can be - thus depriving almost everyone of longer life -
reducing the super-extreme range of pay/fortnight from present range of $1, to $1 billion, [1000th to mlln x av pay] is clearly the best way to lengthen human life - agree?

2006-10-13 12:18:48 · 6 answers · asked by Anonymous

1] pay shd be for sacrifice/loss, the main sacr. is time [energy sacrifice differences in work are small] - no one can work more than twice the average time of work/wk - there is no reason to assume brains work longer hrs than brawn
2] isnt it like giving the brain more oxygen & blood bc it is a superior organ? - ie, both brain & muscle are indispensable to the body - starving the muscles is only making the brain hit the floor
3] while it is easy for brain to swallow that brain deserves more pay, it is hard for muscle to swallow: eg, an historical pattern of backlash is apparent in cultural revolutions, nazi anti-intellectualism [40% of nazis were primaryschool teachers], trashing of plutocracies
4] it is attributing all the goodness of the tree to the seed [ignoring soil water air sun world]
eg of glorification: 'one person who creates organisation that provides benefits to millions/ worker who simply follows the rules/orders/plans'
one person cannot create an organisation

2006-10-13 12:00:16 · 2 answers · asked by Anonymous