What was the ideology of Stalin? Stalin considered the political and economic system under his rule to be Marxism–Leninism, which he considered the only legitimate successor of Marxism and Leninism. The historiography of Stalin is diverse, with many different aspects of continuity and discontinuity between the regimes Stalin and Lenin proposed. What countries made up […]
How efficient is monopolistic competition?
How efficient is monopolistic competition? Because a good is always priced higher than its marginal cost, a monopolistically competitive market can never achieve productive or allocative efficiency. Because monopolistic firms set prices higher than marginal costs, consumer surplus is significantly less than it would be in a perfectly competitive market. Why perfect competition is efficient? […]
What is wrong with rational choice theory?
What is wrong with rational choice theory? One potential issue with rational choice theory (PDF, 287 KB) is that it doesn’t account for non-self-serving behavior, such as philanthropy or helping others when there’s a cost but no reward to the individual. Rational choice theory also doesn’t take into consideration how ethics and values might influence […]
How did glasses change the world?
How did glasses change the world? Economic Impact. The invention of eyeglasses has increased productivity over the ages. In the past, active, productive members of society had to stop working, writing, reading and using their hands for skillful tasks at a relatively young age. With eyeglasses, these members were able to continue their work. Which […]
Is a 25 minute nap good?
What is considered obscene language?
What is considered obscene language? For content to be ruled obscene, it must meet a three-pronged test established by the Supreme Court: It must appeal to an average person’s prurient interest; depict or describe sexual conduct in a “patently offensive” way; and, taken as a whole, lack serious literary, artistic, political or scientific value. Who […]
Is Fordham a hard school?
Is Fordham a hard school? Fordham’s core curriculum is too stringent, but it’s actually a fairly tough-grading school and it is reasonably hard to do well. Fordham’s education is both geared for a job and toward learning for its own sake. Fordham’s core curriculum is learning for its own sake in its purest form. Are […]