Well it’s been many years between school. I started back this past January, now have 8 more class till Graduation from one school then on to another. It’s funny I waited till I was 50 to finish my education, most people I know have already finish one degree as I have as well however, decided to go back to get another BS then my Master then PH.D; in well believe it or not Economics and social change. I did not think it would be so hard to start again but, I’m here to say I need a break. With only a few day between classes this time instead of an whole week. Any way I found out some things in which I thought I knew only to find out I knew nothing at all. Well it all started in Philosophy class with Dr. Isbell, that what is, is not what it seems. For example Government, economy with its economic upheaval. Watch this video you will get my meaning.
you make your own thoughts but it is happening. Also there is a movie everyone need to see Atlas Shrugged part 1 or you can read Ayn Rand‘s book. however in the mean time
However the shoe does not always fit see here
I wrote some time back the selling of American, as we are selling this country piece by piece. Along with selling the country from under us we have given away our civil liberties. Example every time something
happens anywhere in this country mass shooting here or there, bank robbery here or there along with some nut job who wants to hijack a place; we loss more and more freedoms just to feel safe. How much or are we to give up? Because from where is sit it’s time to move to another country or find a small Island of my own.
Now back to education, I found that the you learn the greater the possibilities are. For example The Study of Economics as define : Economics is the science that deals with the production, allocation, and use of goods and services, it is important to study how resources can best be distributed to meet the needs of the greatest number of people. As we are more connected globally to one another, the study of economics becomes an extremely important one. While there are many subdivisions in the study of economics, two major ones are macroeconomics and microeconomics. Macroeconomics is the study of the entire systems of economics. Microeconomics is the study of how the systems affects one business or parts of the economic system.
History of Economics
The first writings on the subject of economics occurred in early Greek times as Plato, in The Republic, and Aristotle wrote on the topic. Later such Romans as Cicero and Virgil also wrote about economics.
In medieval times the system of feudalism dominated. With feudalism, there was a strict class system consisting of nobles, clergy and the peasants. In the system, the king owned almost all the land and under him were a series of nobles that had land holdings of various sizes. On these landholdings were series of manors. These were akin to large farming tracts in which the peasants or serfs worked the land in exchange for protection by the nobles.
Later the system of mercantilism predominated. It was an economic system of the major trading nations during the 16th, 17th, and 18th cent., based on the idea that national wealth and power were best served by increasing exports and collecting precious metals in return. Manufacturing and commerce became more important in this system.
In the mid eighteenth century, the Industrial Revolution ushered in an era in which machines rather than tools were used in the factory system. More workers were employed in factories in urban areas rather than on farms. The Industrial Revolution was fueled by great gains in technology and invention. This also made farms more efficient, although fewer people were working the farms. During this time the idea of “laissez faire” became popular. This means that economies work best without lots of rules and regulations from the government. This philosophy of economics is a strong factor in capitalism, which favors private ownership.
In the nineteenth century, there was reaction to the “laissez-faire” thinking of the eighteenth century due to the writings of Thomas Malthus. He felt that population would always advance faster than the science and technology needed to support such population growth. David Ricardo later stated that wages tend to settle at a poor or subsistence level for most workers. John Stuart Mill provided the backdrop for socialism with his theories that supported farm cooperatives and labor unions, less competition. These theories were brought to a high point by Karl Marx who attacked the capitalistic, “laissez-faire” theories of competition and instead favored socialisms, marked more government control and state rather than private ownership of property.
Another important idea at this time was the change in how items are valued. While formerly and item’s value stayed the same according to what the item was, now worth of an item is determined by how many people want the item and how great the supply of the item was. This was the beginning of the laws of supply and demand.
In the first half of the twentieth century, John Maynard Keynes wrote about business cycles – when the economy is doing well and when it is in a slump. His theories led to governments seeking to put more controls on the economy to prevent wide swings.
After World War II, emphasis was placed on the analysis of economic growth and development using more sophisticated technological tools.
In recent years, economic theory has been broadly separated into two major fields: macroeconomics, which studies entire economic systems; and microeconomics, which observes the workings of the market on an individual or group within an economic system. In the later twentieth century such ideas as supply side economics which states that a healthy economy is very necessary for the health of the nation and Milton Friedman‘s ideas that the money supply is the most important influence on the economy.
In the twenty-first century, the rapid changes and growth in technology have spawned the term “Information Age” in which knowledge and information have become important commodities.
SOCIALISM AND CAPITALISM
There are many different ideas or systems of how an economy should be run. The two most common are capitalism and socialism. They are very different in how they view who runs the economy. Most economies have ideas from both systems, but tend to be more of one than the other.
Capitalism is the economic system based on private or corporate ownership of, production and distribution of goods. It has always existed to some extent in all civilizations but was written about formally by Adam Smith in his book “The Wealth of Nations” in 1776. Capitalists favor a system of free enterprise which means the government should not interfere in the economy – that the laws of supply and demand will make sure that the economy runs most efficiently in meeting people’s needs. Capitalism is characterized by competition in which there is rivalry in supplying or getting an economic service or good. Sellers compete with other sellers, and buyers with other buyers. The buyers seek the best possible deal in purchasing goods and the sellers look to make the best possible sale allowing them the most profit.
Socialism is an economic theory or idea that states that the government or the state should be in charge of economic planning, production and distribution of goods. This contrasts with capitalism where free markets predominate and property is privately owned. Socialism tends to favor cooperation whereas capitalism is characterized by competition.
The theories of socialism first arose in the late eighteenth century in response to the Industrial Revolution where factory owners were becoming wealthy and the workers impoverished. Thus, workers wanted a greater share in the wealth that factories were making. Later a form of socialism called communism sprang up based on the writings of Karl Marx and Friedrich Engels. Communism advocates class struggle and revolution to establish a society of cooperation with strong government control. Communism predominated in the former Soviet Union and much of Eastern Europe at one time. Today it predominates in China and Cuba, but its influence has lessened.
If nothing else comes from all this learning, as least my writing and spell has improved. So why is good education important? Brain power every day is becoming far more important than brawn power, even in blue collar jobs. For example, auto mechanics need to read and interpret manuals and computer printouts. To do this they need more schooling than mechanics of the past. Education is important because it helps one develop new interests in life that may be entertaining or allow one to enter a new occupation. Why is good education important because you are never to young at heart to stop learning there issomething new around every bend. A mind is a terrible thing to waste.
I will be pretty old when I finish school at Texas A&M with my doctorate