Critical perspectives Essay Example | Topics and Well Written Essays - 2500 words

Critical perspectives - Essay Example Thus, conjuring perspectives in social and economic programs have continuously battled through time. In this regard, we see that many aspects of economic, political, social, and cultural motivations underpin the processes of the society’s development. Changing political and social approaches is thus fundamental to forming new economic platforms and social goals. In Freefall (2010), Stiglitz re-establishes the ‘government-intervention’ approach (see Keynes 1926) to market economy by criticizing the current malfunctions of economic trend present in America and subsequently in most parts of the world. In his book, Stiglitz (2010) was able to illustrate the risks and failures that the ‘free-market economy’ (Smith 1776) encounters. Stiglitz (2010) enumerated the downfall of many aspects of social welfare, particularly the conditions of inequalities, by referring to many examples of the imbalances of power in the economic and political realms of the society . Freefall (2010) uncovers the allegedly ill-founded traditions of economic practices in America and other affected countries in the international arena. The book suggests change in approach and perspective in determining the more suitable policies towards economic stability and development. In this paper, a critical discussion of Stiglitz’s (2010) analysis of the present economic situations as drawn from the Great Recession in America will be presented. In line with this, the opposing arguments of the free-market and government-intervention economic perspectives will be examined in order to understand better the background of Stiglitz’s essay. Moreover, looking at the backdrop of the practiced economic programs, the effects of such accounts on the local and international conditions will also be talked about. In here, the influences of globalization movement will be substantiated and analyzed in terms of its effect in the local and international social welfare and econ omic status. The effects of the discussed perspectives in relation to culture and society will be considered. In addition, a discussion of the moral and ethical conditions underlying the issues will be examined. Thus, in this paper, a critical exploration of the perspectives involved in the matter will be done in order to see the significant points Stiglitz suggests in his essay. The Old and the New Economy In Freefall, Stiglitz (2010) emphasizes the grave conditions of world economy as a misleading approach to economic policies continues to prevail in the United States and subsequently in peripheral countries particularly in Asia. The Great Depression and the more recent Great Recession in the United States have tremendously shown how the local and global economy was constructed on a ‘sinking’ foundation (Stiglitz 2010). Stiglitz profoundly highlights the ill-conditions of some of the biggest international organizations facing economic retaliation namely the United Sta tes Treasury and the International Monetary Fund (IMF). The long-practiced economic advocacy echoing Adam Smith’s laissez faire tremendously affects the world political-economic trends in history primarily through the said international organizations. In this regard, the political underpinnings of the world economic framework are apparently magnetized by the free-market policies. This

Astronomy 123 Homework Assignment Example | Topics and Well Written Essays - 250 words

Astronomy 123 Homework - Assignment Example He believed that everything in the space was located within the galaxy. Shapley advocated a proposition of relative size to support his idea that if the Andromeda galaxy had not been part of the Milky Way then the distance of it could have been 1000000000 light year. This research was not fully welcomed by most of the scientists during the period. The Andromeda spiral almost sparkled at an era of time in the Andromeda galaxy. Outwardly and for new star, the gross energy was not reasonable. Consequently, the Andromeda and new star should be in Milky Way. The evidence showed optical spectrum of the spiral nebula was not distinguishable from spectrum of the galaxy. Shapley also utilized the kind of absurdum and reduction fully. If Andromeda had been independent, then it had possessed a miraculous brightness so that people could have detected from far. 3. Andrew McKellar was a Canadian astronomer, who studied physics and mathematics in the University of British Columbia. He showed his first observations to astronomers in 1930 and early 1940s. He suffered a number of setbacks that made him not to realize it. One of the setbacks was non-uniformity in observations. This was due to coherent fluctuations on angular scales that were larger than cosmological horizon at combination. Instrumental errors due to the use of different instruments were another major cause of difficulty in data collection. Planck telescope which was more sensitive and had larger angular resolution confirmed the axis of evil observation. Non- equivalent dependent variable designs used by Andrew McKellar hindered effective collection of