According to Hayek’s article “The Use of Knowledge in Society,”
what is the fundamental role of prices in the economy? Why does
Hayek use the word marvel when he describes the price mechanism?
What happens when prices are determined by the state rather than by
the interaction of many buyers and many sellers in the marketplace?
Discuss the differences in allocative efficiency between a
capitalist and a socialist economic system as they relate to the
price mechanism in each system.
Discuss the Hayek paper on the use of knowledge in
society. What is the primary economic problem and how is Hayek
proposing the go about dealing with it? What are some of the
strengths of his argument? What are some of the
weaknesses?
According to the following article?What role does the
organizational structure play in the efficiency and effectiveness
of the organizational structure?explain
Both A and B are two large sales companies, and B was acquired
by Company A due to poor management. Both companies have a similar
organizational structure - function-based design.However, after the
acquisition of the new company, it suddenly increased a lot of
shops and employees.After the completion of the acquisition of the
new company, get an increase of many...
What is the Fundamental Attribution Error and according to the
Lecture, what are the steps that will inevitably lead to genocide.
What is the cure of this thinking error and why is it so difficult
to use, in real life? Discuss
This question is based on the article below:
According to the article, what are the two main factors that
tend to raise public debt levels in democracies?
The article mentions three mechanisms that can curb excessive
government borrowing in democracies. What are those mechanisms? How
do they work?
Article: Democracies and debt
ALMOST half the world’s population now lives in a democracy,
according to the Economist Intelligence Unit, a sister organisation
of this newspaper. And the number of democracies has...
An article in Forbes looks at the role of opportunity
cost in financial decision making. According to the article,
“[w]hile most people are aware of the direct costs of life - for
example, when you take money out of your wallet to buy a
cheeseburger - many ignore the indirect costs associated with those
actions. These are the opportunity costs.” A little later, the
article states, “let's say you can choose between eating the
aforementioned cheeseburger meal and putting $4.50...
What is the fundamental role of finance in the economy? What
has been the focus of financial innovation from Shylock to the
Medicis and to the current day (blockchains).
What is money? Why is it a belief? What does the mining of the
“silver mountain” in Ascent of Money, convey about the intrinsic
value of money?
What is the role of accounting in modern finance? How does
standardization of what is measured and reporting help in
transparency; information quality/reliability and...