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Intrinsic Value Mutual Funds
1,305 words1. Introduction: The world of futures and options. A. Explanation of futures contract. A. Explanation of options contract. C. Intrinsic value and time value of contracts. 4. Conclusion: Risky investments. Futures and options are very similar financial investments. Basically, these two investments are the result of financial uncertainty. They are used for speculation and for hedging against losses from other areas. A futures contract is the right to buy or sell some commodity or financial instrum...
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Third World Countries Division Of Labor
1,358 wordsRed Star Communism is an ideal society that is unrealistic for humans to maintain. In this system major resources and means of production are owned by the community rather than by individuals. The society is without money, without a state, without property and without social classes. All people would contribute to the society according to their ability and take from the society according to their needs. Fredrick Engel's believed that a proletarian could only be liberated by abolishing competitio...
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Consumer Culture Iron Cage
1,845 words"People recognise themselves in their commodities; they find their soul in their automobiles, hi-fi sets, split level homes social control is anchored in the new needs which the consumer society has produced. " (Marcuse, 1968: 24) To what extent are we controlled by the consumer society we live in? People recognise themselves in their commodities; they find their soul in their automobiles, hi-fi sets, split level homes social control is anchored in the new needs which the consumer society has pr...
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Current Account Deficit Australian Dollar
1,028 wordsThe Australian Dollar is a "Commodity Currency." A "Commodity Currency" means that its fortunes are heavily dependent on the prices of Gold, Copper, Nickel, Coal and Wool. All of these commodities are Australias main exports. At present, commodity prices are low, especially gold. Melbourne-based mining consultant Surbiton Associates said exports of Australian gold were in danger of declining if exploration failed to be supported and production declined as a result. The country produces about $ 5...
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American Psycho Commodity Fetishism And Social Reification
1,046 words... ion as I saw it, colossal and jagged (360) With its fragmented formal style and its endless citations of brands by which everything and everyone is identified characters almost absent beneath their Armani suits, and beyond conversations about restaurants, American Psycho may well be read as description of a society that has arrived at the conclusion of a Marxist logic of commodity fetishism as developed by a logic of social reification. This logic as expanded in Georg Lukacs essay Reificatio...
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Reification And Heller Theory Of Needs In Marx
1,485 words1. A little over a decade after the "collapse of Communism", it might appear that Marxist theory has been relegated to little more than an historical or even archeological artefact with little relevance to or influence over an ever encroaching and expanding, global ising capitalism. Socialism "proper", as a state economic model and ideology seems to have been banished to the margins of the world scene. The disastrous results in terms of the dictatorships and totalitarianism that have ensued wher...
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Capitalism And African American History
2,524 words... ola collapsed. The Soweto uprising of 1976 signaled the beginning of broad-based black resistance. To survive in the changing political environment the NP government developed a series of new responses. The 1977 White Paper on Defense encapsulated the belief of the security establishment that the country faced a total onslaught on virtually every area of society. The Botha government, which came to power in 1978, broke with the past in openly seeking the support of the English-speaking capta...
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Marx Theory Of Money
1,301 words... kingly, "Suppose moreover, six hours of average labour to be also realized in a quantity of gold equal to 3 s... " (Marx 1968, p. 211). To speak this way, Marx must have a conception of the value of money as the ratio of labor time to value added that permits him to translate labor time into monetary units. When he makes remarks like the second one he goes further and identifies this value of money with the labor time embodied in a certain quantity of gold. One result of Marx's adoption of t...
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Marx Theory Of Money
1,271 words... int of crisis, either in the relations of two agents or in the system as a whole. The question of what role, if any, gold plays in a monetary system would remain open to examination in concrete instances. Whichever of these two paths we follow, we are left with the problem of understanding what dynamic laws govern the value of money. If gold is the general equivalent, but the value of money can vary within quite wide boundaries given the value of gold, then we will want to know what governs ...
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Oil And Gas Oil Gas
1,829 words... Oil/Gas Exports. The impact of the East Asian economic crisis on the direction of non-oil / gas exports is not simple. As one would expect, there has been a sharp decline in exports to slumping economies such as Japan and Korea. In fact, Japan has, until 1998, been the largest single national market for Indonesia's non-oil / gas exports (Table 21). The sharp drop of non-oil / gas exports to Japan (- 23. 1 %) and Korea (- 17. 5 %) contrasts with the relatively good performance in Singapore (1...
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Marx Weber Durkheim And Simmel The Individual Society
1,767 wordsKarl Marx noted that society was highly stratified in that most of the individuals in society, those who worked the hardest, were also the ones who received the least from the benefits of their labor. In reaction to this observation, Karl Marx wrote The Communist Manifesto where he described a new society, a more perfect society, a communist society. Marx envisioned a society, in which all property is held in common, that is a society in which one individual did not receive more than another, bu...
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Adam Smith Intrinsic Value
649 wordsTrade is used as a means of full-filling one's self interest in a certain commodity. Smith states that when there is nothing left that you need, trading becomes some what of a problem because you aren't benefiting from it. Smith makes this seen when he talks about "how the butcher has more meat in his shop than he himself can consume, and the brewer and the baker would each of them be willing to purchase part of it" (WN I. ii. 27), but have nothing to give the butcher in return because he doesn'...
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Thousand Dollars Six Months
3,056 wordsPrivate Placement Investment Planning is a principle of the activity of any enterprise. The business - plan needs to be used with a view of perfection of economic efficiency decisions calculation methods and commercial expediency of investments in designing and construction of objects and town-planning complexes. The Business - plan acts as an objective estimation of the firm activity and necessary tool of the investment decisions according to the market requirements. Basic aspects of the commer...
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Predatory Pricing Pricing Strategy
2,942 wordsPredatory Pricing Introduction Pricing includes a variety of different problems relating to marketing, management accounting, planning, and economics. Proper usage of effective pricing models allows a company to raise its profitability of sales by avoiding and correcting erroneous pricing solutions. The development of pricing strategies is a task usually performed by top managers as a part of developing the general business strategy of a company. Successful pricing requires a good knowledge of t...
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19 Th Century Point Of View
1,422 wordsFetishism A fetish is a thing or an object, which, according to the beliefs or psychological attitude of a person, has a supernatural influence, power or abilities, or from the other point of view, a thing which has supremacy over people. Fetishism is the condition of belonging to such mental or conscious dependency. In other words, a fetish is an entity, which attracts unusual, anomalous attention of a person, and drastically dominates in the perception of the situation. Correspondently, fetish...
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Specters Of Marx Optic Nerve
2,704 words... is also coincident with the social interdependence of the laborers to the total amount of objects produced within the span of their labor. The interaction between the objects naturalizes them and their own society starts to exist independent from those people that actually produce the objects at issue. By means of that interchange (or substitution), the results of peoples toil become commodities, sensuous entities, which can be regarded as highly social. For the thing as well as for the work...
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Fifty Cents Sexual Satisfaction
2,424 wordsFetishism Fetishism. What does one imagine upon hearing that word? Perhaps many imagine leather, silk, satin or fur in which they associate these such items in a sexual manner. That is the more typical answer, but beyond that there do exists other meanings and definitions. In the beginning, fetishism took on a meaning of animism (the belief that lifeless things have a spirit), but in the past two hundred years, fetishism got reconstructed and recast twice: once in terms of economics and once in ...
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Oxford Basil Blackwell World Trade Organisation
3,002 words1. A little over a decade after the collapse of Communism, it might appear that Marxist theory has been relegated to little more than an historical or even archeological artefact with little relevance to or influence over an ever encroaching and expanding, global ising capitalism. Socialism proper, as a state economic model and ideology seems to have been banished to the margins of the world scene. The disastrous results in terms of the dictatorships and totalitarianism that have ensued wherever...
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Purchasing Power Parity Foreign Exchange
1,475 wordsPurchasing Power Parity and International Commodity Arbitrage Foreign Exchange Foreign exchange refers to two different things. The first is currency claims expressed in the equivalent value in foreign money. The second is actual transactions involving the conversion of money of one country into that of another. Foreign exchange is necessary because different countries have different monetary units. One country s currency typically cannot be used in another country. The determination of the pric...
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Tariff Barriers World Economy
697 wordsThe main objective of the following paper is to explain the protectionism versus free trade argument, to explain the problems this debate has created in the arena of international trade and to outline the ways in which international agreements have contributed to their resolve. Although many of the following issues are still present in the world economy today, they are constantly improving due to agreements such as the Uruguay Round and the North American Free Trade Agreement (NAFTA). Protection...
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