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In: Economics

international relations Course the definitions must both define the term and explain why it is significant...

international relations Course

the definitions must both define the term and explain why it is significant for this course, i.e., why are we studying it in this course. So standard answers would include two sentences, with the first sentence defining the term and the second speaking to why it is significant.

could some one help me with this please.


35. Historical Utilitarianism
36. Pragmatism
37. Anti-egalitarianism
38. Human perfectibility
39. Socialism
40. Marxism

Solutions

Expert Solution

35. Historical Utilitarianism: Utilitarianism refers to a normative action in an economy which suggests that an action in an economy would be preferred if it improves the happiness or say profit making as far as an economy is concerned and would be disproved for the reverse. Thus, the theory of utilitarianism would help in determining the actions in an economy like the investment patterns.

36. Pragmatism: It is an approach that evaluates the theories in terms of the success patterns in an economy. Thus, a pragmatic approach would be helpful in the pre-determination of success factor in an domestic and international economy and thus would be helpful in determining the domestic investment and international trade patterns.

37. Anti-egalitarianism: Egalitarianism refers to the considerations for the social equity and fairness in an economy and hence anti-egalitarianism refers to a policy measure that focus on non-equity factors in an economy. This would be helpful in determination of the anti-social policies of an economy and hence influence the policy decisions so as to revert those policy measures.

38. Human Perfectibility: This is a concept that refers to achievement of a perfect human behaviour. As concerned to an economic pattern, this would mean a perfectionism in the participation in an economy and hence would be helpful in determination of the efficient human resource of an economy that would correspond to the work force and hence would be indicative of the growth levels of an economy.

39. Socialism: This refers to an economic and social organization wherein the means of production, distribution and exchange are owned and regulated by the community as a whole, Thus, identification of this principle would be indicative of the pattern of organization in an economy and hence would be helpful in determining the allocation in an economy

40. Marxism: It is an economic and social philosophy that is indictive of the effect of capitalism on the labour, productivity and economic development of a society and thus indicates that a worker revolution is necessary to overcome these negative effects of capitalism. This theory could help in understanding the negative effects of capitalism in an economy and the importance of the work force in attaining the economic growth.


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