Stigin It To The Man George Stigler - 788 Words

George Stigler (1911-1991) was a neoclassic economist and an important figure in the development of many of our currently used economic principles. Stigler taught at the University of Chicago, where he worked closely with Milton Freidman. George Stigler was said to be quite brilliant in his field and yet, he kept a confident wit about himself that was said to help his students enjoy and understand economics. (Sowell) Comparatively, Stigler was a sort of renascence man in the economic field, as he was well studied, versatile, and involved in many facets of economic thought. Stigler’s drive to dispute and negate old economic theory, while further quantifying existing theory, is what most would argue defined his economic frame of mind.†¦show more content†¦Price Theory is the essence of economics. It attempts to explain the utility of consumers and how that utility correlates with the supply and demand curves, and how they all fluctuate, ultimately seeking market equilib rium according to the market price. Cambridge Universities online dictionary defines Price Theory as â€Å"The study of how prices are decided and how they go up and down because of economic forces such as changes in supply and demand: Still central to much of contemporary price theory is the model of perfect competition.† Price Theory is widely accepted as the heart of economics and is taught in nearly every school in unison with the neoclassical school of economic thought. (Neoclassical Economics) The neoclassical school of thought is said to be an evolution of the classical school of economic thought, which was originally proposed by Adam Smith in the 18th century. Price theory and the perfect competition model remain central to both schools of thought, however neoclassicism incorporates the additional ideas of utility, or perceived value, and marginalism, or the extra use gained from each incremental increase. As neoclassical economics is essentially determined by the utility on a consumer scale, it has come to be known as the study of microeconomics. (Neoclassical Economics) Additionally incorporated into neoclassical economics is the theory of rational expectations.

Fashion Clothing On The Body - 1890 Words

Introduction Fashion is more than clothing on the body. It is the self-expression, empowerment, and comfort that a garment brings. The willingness to be trendy with the latest fashion is up to the consumer. But, the trends during the 1980s are hard not to follow. The fashion motto of the 1980s is big everything. Big hair, big accessories, big shoulder pads. Self-expression was encouraged and embraced with bright colors and styles so diverse that everyone seemed to fit in. Everything from spandex and leg warmers to oversized costume jewelry with bright blue lipstick was in style. The color choices covered the rainbow and even then some with neon entering the fashion scene. Technological advancements such as the color television and Boom Box allowed the industry to flourish, reaching out to a wide target market of all ages. With the television increasing in popularity, movie characters and television stars began to influence fashion. People looked to pop-culture for inspiration or simply a guide to what is currently in style. The garments in movies, music, and, television are constantly evolving from the T-Bird leather jackets seen in Grease to Gertie from E.T. wearing a striped turtle neck with overalls. Therefore, department stores such as Macy’s and JCPenney’s must keep up-to-date on all mediums. With every fashion era there is a story, a reason, and a goal. In this paper I will delve into 1980s exploring all the aspects that make this era unique with historical events,Show MoreRelatedSocial Factors That Changed The World1366 Words   |  6 PagesClothing became less expensive in the 1960’s because of the Industrial Revolution, so more people are seen being involved in popular fashion trends and expressing themselves in ways they please because of the affordability. The sharply angled Vidal Sassoon hair style where women cut their hair shorter and styled it in an angular way. This decade also started the trend of people wanting to look skinnier. Designers preferred models looked younger, thinner, and had longer legs. Social factors occurringRead MoreGender Roles And Specific Ways1372 Words   |  6 PagesWe often attribute certain clothing items or styles to be specifically for a girl or for a boy. Feminine dresses and skirts for girls and pants and suits for boys. W hy is it that clothes hold so much meaning to them? Because of this much gendered approach to dressing, there has always been a strict limit to what gender can wear what. Gender roles and specific ways that each sex should act are culturally assigned to men and women and are reinforced by the use of clothing as they highly emphasize theRead MoreComparing Modern Fashion to Fashion of the Past838 Words   |  4 PagesComparing Modern Fashion Design to Fashion Designs of the Past Modern fashion and fashions of the past are as different as night and day. The two are controlled by two main things; style and a person’s place in the world (their finances). Today’s basic wardrobe will consist of whatever clothing a person needs for work ( a suit or nice dress, uniform, or work clothes), clothing for going out (party dresses, suits, etc.), clothing for sleeping or lounging, and clothing for when you are just livingRead MoreHigh Fashions : Popular Fashion In Pop Culture1246 Words   |  5 Pages High heels are a popular fashion that enhance a female’s confidence throughout her entire body. High heels draw favorable attention and tie an outfit together for a woman. High heels have developed and remained a crucial accessory throughout the years. Heels of every make, model, and style are loved and adored by women all over the world, high heels are a persistent addiction in pop culture and seen everywhere today not only on a female’s foot, but in magazines, books, television shows, movies andRead MoreFashion Styles Of The Fashion Essay1326 Words   |  6 PagesWhen people think of fashion, no one thinks about all the genres that come with fashion from the clothing to the designers, fashion has many genres. One genre, in general, is style. Some may call themselves grunge or preppy. There are many fashion genres that people wear, from classic, chic, western and goth. These genres in fashion give a pathway to what people were wearing in previous years like for an exa mple, the 90’s were grunge, and the 70s were bohemian. They also give people the feeling toRead MoreThe Components Of Media Outlet1341 Words   |  6 Pagesdiscussion. Part 1 Overview of Haute Couture Haute couture is high end fashion that is constructed by hand from start to finish, made from high quality, expensive, often unusual fabric and sewn with extreme attention to detail and finished by the most experienced and capable sewers, often using time-consuming, hand-executed techniques. Couture is a French word that means â€Å"dressmaking† in English but may also refer to fashion, sewing, or needlework and is also used as a common abbreviation of hauteRead MoreFlappers, Conservativism and Changes in Fashion1103 Words   |  4 Pageshave been many fads and changes in the fashion industry. From cloche hats in the early 1900s, to big hair in the 1980s and to the low rise of jeans of the present day fashion still continues to evolve with the way society changes. The Merriam-Webster dictionary defines fashion as, a popular way of dressing at a particular time or among a particular group of people. Throughout history, fashion has been changing. Whether it is a group wantin g to make a fashion statement, or a change in society’s viewsRead MoreA Comparative Analysis: British and Chinese Clothing Concepts1598 Words   |  7 PagesA Comparative Analysis: British and Chinese Clothing Concepts 1.0 Introduction 1.1. Background Information The importance of dressing and fashion has been a subject in many societies especially the relation between clothing and the shape of both national and social setups of these societies (Crane, 2000). Many academicians, writers and authors have adopted the use of dressing in their literary works to reveal the differences in physical environments, social structures, racial relations, religiousRead MoreDesigning The Fashion Industry ( Mcalpine 14 )1330 Words   |  6 Pagesscratchhard.com, the fashion industry generates an average of $20 billion each year. Fashion designers are the heart of the fashion world. Designing is a form of art that is translated into clothing. 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Love and Happiness Free Essays

According to the Webster dictionary love is to share one’s life, and downfalls; not just ones personal property; love is an affection for another arising out of kinship or personal ties; a strong feeling of attraction. Being honest about you and allowing the other person involved in the relationship to really get to know who you really are. Happiness is an agreeable feeling or condition of the soul arising from good fortune or propitious happening of any kind; the possession of those circumstances or that state of being which is attended with enjoyment. We will write a custom essay sample on Love and Happiness or any similar topic only for you Order Now To love and be loved is the beauty of life; many people yearn for peace, love and happiness myself included. Love brings happiness that is what we are made to think from very early stages in life. Must we make others happy for us to be happy; therefore there are some dangerous myths in life that can keep you from being happy; it’s a bad life where we try to please others throughout life; if this fouls people usually bitter resentful and in most cases hateful to people we fail to please. If we do not resist the planked seed of co-dependence we are doomed to live for others. Collins II Love is a present experience; it has no opposite and is the union and connection of all things. Love is vast; infinitely vast; love expands with wisdom, patience and kindness. It is so expansive that it even contains room for all fears to nestle into. Love embraces all fears; within love, seeds of fear can either grow or remain unchanged or these seeds can transform and blossom into more love. Love welcomes both the unchanged fears and the transformed ones. love has room for all things at all times; for judgment, weakness, and disappointment, as well as for joy, compassion and peace. All experience nestle and find room within the open cradle and forever accepting, expanding nature of love. Happiness is much more than what an article could describe; some people describe happiness as the feeling you experience when you realize that everything is exactly as it should be; some define it as the state of feeling that you experience after reaching your goal; while others define it as having inner peace. Happiness is perspective dependent emotion; it means that what could make someone happy could not be of importance to someone else. Happiness is just like love it is energy and when it’s shared it brings out the best results; try thinking of a moment when you share a joke with a friend the laughter brings out the best that makes you feel good and happy. Although this is what gives a good feeling; a happy person in fact can attract a lot of love because in fact its easily reflected in every activity; otherwise this creates a strong bond between love and happiness; however people will always return your Collins III charming smile, even though they are frowning and looking angry people will scowl at you. There is a common edge that â€Å"life is hard and we have to struggle to be happy; with this in mind I tend to differ to our expectations of struggles and problems. It’s amazing when things are moving so swiftly for us; we subconsciously wait for the storm to come. Life was meant to be easy but pessimism interferes with the flow of happiness in our lives. Open your heart to love and happiness and you will experience a breakthrough in love and happiness; there are time when you feel a lot of joy in your heart; but nevertheless the peace you feel within your heart should beneath your soul. You choose to be happy and worry less; meanwhile you will have successful romantic relationship if you are positive about yourself; however you and others will enjoy life as well as relaxing, being together without going out of your way to impress other. This is a misconception that loves and happiness is truly a goal to attend in the future; a lone each passing day you should bring a new and unique experience to you and your love one; to share one’s life and down falls; not just ones personal property; happiness is a agreeable feeling or condition of the soul arising from fortune or propitious happening of any kind. Happiness is a perspective dependent emotion. Commitment is needed in order to build a beautiful relationship; without commitment love and happiness would not be able to grow. How to cite Love and Happiness, Essay examples

Analysis of Integrating Production Design †Free Samples to Students

Question: Discuss about the Analysis of Integrating Production Design. Answer: Introduction: The following paper deals with the business setup with respect to travel agent, an online shop in baby boomers. Baby boomers hold important characteristics like good work ethics, they are independent and competitive nature, goal oriented, determined and focus on their work, discipline. The report provides the decision making process and the stages of taking good decisions in the organization. It also includes various problems and ways of solving them. The main aim of this business is to target customer for baby boomers with the help of online services and good technology. Using online source of business mode requires the use of latest technology, modern means of resources, creative advertisements in order to attract more number of customers (Bagstad et al., 2013). This will increase the line of supply, enhance the production of the business, and as a result, business will grow rapidly (Cosenz Cosenz, 2017). With the changing times, consumers are more demanding for updated and modern resources and products (Gayialis et al., 2016). Investments in modern technology with reasonable rates in the products will attract more customers. When there is customer friendly business and products, then it leads to the expansion in the line of business leading to more income and growth of the business (Marjanovic, Dinter Ariyachandra, 2017). To do online business in relation to the baby boomers then it will be an interesting and a tough competition for the business and the market. Baby boomers always book their tickets through online system as it makes them easier to do so their first priority is online apply for the booking of the tickets. They are the strong buyers and they always have an idea about the new offerings and premium services related to travel and tickets. As baby boomers are very much dependent on the online services and technology, therefore this will be more demanding and encouraging if the business is for the baby boomers (Rosemann vom 2015). Impact of technology and online service Increase in efficiency- Use of online business creates speed and efficiency in the business transaction. Increase in customers- It creates more customers due to advertising effect. It creates more advertisements on the social sites that lead to more customers. Increase in production- Due to online mode of business, production also rises because of more sales growth. This creates more profit and revenue (Seletos Salmon 2017). Good relation between the customers and sellers- the interaction between customers and sellers become easier, faster with accuracy, and more reliable. More supply within less span of time- As online mode of business creates faster in services process, and as it is in relation to baby boomers therefore it carets more supply. Baby boomers are the primary set of customers that means they place a trust factor on the mode of service and the technology dependant; therefore, it adds a very strong positive impact on the business and the market in terms of growth factor. Problem solving skills To solve a problem, certain stages followed while solving the problem. There are various stages of problems in the business organization. It includes identifying, description, creation of various solutions, analysis of the best solution, and execution of the solution. First stage is to identify the problem; it gives the question of what. The next stage is to understand the problem in a detail description (Terrenghi et al., 2017). After knowing the problem in a descriptive way, the next stage is to create various solutions to solve the problem. The last stage is to choose the best solution and to implement that solution to solve the problem. In sum, these are the various stages of problem solving at work place. While setting up new business there are problems that occur. A problem give rise too many questions like why, how, what and when. The aim of the business is to find out the effective solution for the given problems. Problem can be physical, mental or disable depends on an individual. Problems are uncertain and therefore they are unpredictable (Basole et al., 2016). Apart from these stages, there are effective communication skills in problem solving skills strategy. It includes listening, understanding of the problem, free and open minded, friendly nature. An organization to earn good sales will have to create good image and it occurs when there is effective communication skills. It includes complete professional conversation between the stakeholders and the management. Mode of collecting information can be primary or secondary source. Primary includes the first hand material or information, also known as qualitative information. The information is in descriptive format it is qualitative in nature. On the other hand, secondary data are those that are measured n numbers and figures. These data given already, to source, therefore these give accurate results or data on the particular topic. Applying decision theory to business situations Decision theory is the process of identifying the problems and solution using strategic mathematical tools and analysis. It includes risk and gain depending on the level of output or outcomes. It includes four basic factors that are acts, events, output, and the payoffs. Acts are the roles or actions performed by the agent, events is the situation in which that action has been occurred, this action gave certain outcome or output that are measured in terms of payoffs (Veit et al., 2014). Two broad categories of decision theory are descriptive form and normative form. Normative form of decision includes the identification of the decision in order to make the best decision for stability and accuracy. On the other hand, descriptive decision includes how to make good and accurate decision. It includes various methods, tools and analysis and the latest software in order to support and help the people in making decision. The decision can be on different kinds of problems that can occur in a business environment. They are in times of uncertainty, risk situation, under incomplete information, conflict situation and under certainty. In case of uncertainty that is when business are unaware of problem that is going to take place and the business owner do not know what to do and what decision to take (Frana et al., 2017). In such cases, decision theory strategy used to give accurate information on the uncertainty. In case of risk, decision theory helps in identifying the risk factors and gives the measures to solve those risks. Using payoff matrix, it help in providing optimal decision in relation to that risks. Third areas of problem can be in case of adequate or incomplete information, in such instances, decision theory suggests various analysis tools using given adequate information to understand the situation. Under conflict situation, using game strategy a decision creator anticipates the acts of the opposite player using his own decision and strategy. Lastly, there is situation when the decision creator gets the full information and data related to problem; therefore, it becomes an easy task for the decision creator to make certain strategy with the given options, which finally will give the decision maker the highest payoff in terms of satisfaction and utility. With respect to baby boomers, nearly 57 percent visit family and their friends on a daily basis and 54 percent travel to relax. Nearly 41 percent baby boomers give the priority to stay in hotel rooms while 15 percent prefers resorts. In case of transportation facility, nearly 45 percent baby boomers want to travel in flights while 43 percent prefers to use cars for their travel (Wang Reani 2017). Therefore creating business in relation to baby boomers will be a positive step in the growth of the business and the economy. Business of travel agent will achieve a boom in such specialization, as baby boomers are the most support and encouraging customers for the growth and development of this business at its initial phase. Figure 1: Business Report and calculation List Type Quantity unit Amount Flights Transportation 2 600 1200.00 Taxis and buses Transportation 5 30 150.00 Hotel(night stay) Lodging 5 120 600.00 Breakfast and lunch Food 5 45 225.00 Dinners Food 5 20 10.00 Entertainment Entertainment 2 35 70.00 Miscellaneous Entertainment and transportation 2 20 40.00 Total expense 2295.00 Figure 2: Statistical representation of Travel agent budget Sources: Created by author Conclusion The report provides a brief overview won the travel business industry in respect of baby boomers. It gives various stages of problem solving skill along with different problem of the business. The report discusses decision theory and its various strategies in different situations. It evaluates the business problems using data collection process and decision-theory process. References Bagstad, K. J., Semmens, D. J., Waage, S., Winthrop, R. (2013). A comparative assessment of decision-support tools for ecosystem services quantification and valuation.Ecosystem Services,5, 27-39. Basole, R. C., Huhtamki, J., Still, K., Russell, M. G. (2016). Visual decision support for business ecosystem analysis.Expert Systems with Applications,65, 271-282. Cosenz, F., Cosenz, F. (2017). Supporting start-up business model design through system dynamics modelling. Management Decision,55(1), 57-80. Frana, C. L., Broman, G., Robrt, K. H., Basile, G., Trygg, L. (2017). An approach to business model innovation and design for strategic sustainable development.Journal of Cleaner Production,140, 155-166. Gayialis, S. P., Papadopoulos, G. A., Ponis, S. T., Vassilakopoulou, P., Tatsiopoulos, I. P. (2016). Integrating Process Modeling and Simulation with Benchmarking using a Business Process Management System for Local Government.International Journal of Computer Theory and Engineering,8(6), 482. Marjanovic, O., Dinter, B., Ariyachandra, T. (2017, January). Introduction to Organizational Issues of Business Intelligence, Business Analytics and Big Data Minitrack. InProceedings of the 50th Hawaii International Conference on System Sciences. Rosemann, M., vom Brocke, J. (2015). The six core elements of business process management. InHandbook on business process management 1(pp. 105-122). Springer Berlin Heidelberg. Sauter, V. L. (2014).Decision support systems for business intelligence. John Wiley Sons. Seletos, T., Salmon, J. (2017). Analysis of Integrating a Production Design Generator with a Business Decision Support System for System-Level Decision Making.Systems,5(1), 14. Terrenghi, N., Schwarz, J., Legner, C., Eisert, U. (2017). Business model management: current practices, required activities and IT support. Veit, D., Clemons, E., Benlian, A., Buxmann, P., Hess, T., Kundisch, D., ... Spann, M. (2014). Business models.Business Information Systems Engineering,6(1), 45-53. Wang, W., Reani, M. (2017). The rise of mobile computing for Group Decision Support Systems: A comparative evaluation of mobile and desktop.International Journal of Human-Computer Studies,104, 16-35.