Interesting though when i think of the ethical perspective

Assignment Help Finance Basics
Reference no: EM13388955

Writing from the perspective of Adam Smith, an economic recession is caused from personal self-interest, private ownership and market competition. The recession of 2008 came directly from greed. When Fannie Mae and Freddie Mac started approving every one and their brother for a house loan, the banks that were backing these mortgages failed as the defaulting began. It's a trickle down effect from there. This is  a prime example of when greed and selfishness go too far. The competition of the financial industries ended in disaster- not only for them, but for those who took on loans they had no business trying to make the payments on. Money was flowing into these businesses faster than they could count it- until is abruptly stopped.

My own system of values and ethics follows that of Adam Smith's thinking. I look out for my own personal interests (family) over others. I do not believe the government should be involved in economic production. Yes, there are times when it has been necessary for them to step in, but to think we, as citizens of the U.S, could not have the right to own our own business and be dictated to by the government is a scary thought to me.

Interesting though, when I think of the ethical perspective of the military, I believe it's more like Marx's thinking. If I look at it as a separate entity, everything is so regimented with ranks and how everyone is treated. It is an effort of protecting our country, not a selfish worrying about one's self- especially for those in battle. Instead, it is a team effort that is a government-controlled operation.

Reference no: EM13388955

Questions Cloud

Select a global fortune 500 company it cannot be one you : select a global fortune 500 company it cannot be one you work for that operates in the united states and in other
Any unique issues should also be addressed in this section : develop an 8-10 page marketing plan for a sports enterprise e.g. professional school or community program. you can
Explain the pattern and distribution of disease in : descriptive epidemiology is used to evaluate trends in health and disease and to be able to make comparisons among the
Determine what the balance of the allowance for doubtful : newbury bikes co. is a wholesaler of motorcycle supplies. an aging of the companys accounts receivable on december 31
Interesting though when i think of the ethical perspective : writing from the perspective of adam smith an economic recession is caused from personal self-interest private
How can you improve your personal listening skills use at : in a 250-300 word response answer the following question do you believe most people are poor listeners or good
An organization that manufactures medical research supplies : an organization that manufactures medical research supplies delivers them to north american hospitals and medical
On the basis of given data find out the value of the : on the basis of the following data determine the value of the inventory at the lower of cost or
The futures price of corn is 200 the contracts are for : p1. the futures price of corn is 2.00. the contracts are for 10000 bushels so a contract is worth 20000. the margin

Reviews

Write a Review

Finance Basics Questions & Answers

  Compute the after tax cost of leasing

If Ace's after-tax cost of borrowing is 16%, compute the after tax cost of leasing.

  Determine effective annual rate

First Choice Bank charges 9 percent APR compounded quarterly on its business loans. National Emerald Bank charges 3 percent APR compounded monthly.

  Amortization affects the amount of interest expense

Determine the meaning of the following sentence: Amortization affects the amount of interest expense and explain how does amortization of premium affect the amount of interest expense?

  Determine the effective annual yield

Stanley Hart invested in a municipal bond that promised an annual yield of 6.7%. The bond pays coupons twice a year.

  Advantages and disadvantages of mergers and acquisitions

What are the advantages and disadvantages of mergers and acquisitions to the economy and what are some ways the government is involved in them, and should the government be more or less involved?

  What is the discounted payback period for these cash flows

An investment project has annual cash inflows of $5,700, $6,800, $7,600, and $8,900, and a discount rate of 13 percent.

  Find the conversion premium in dollars and in percent

Xilinx, a company in the semiconductor industry, has a $1,000 convertible bond with a conversion ratio of 32.076 and a coupon of 3.125%. The bond is currently priced at $751. Xilinx stock trades at $19.25, and pays an annual dividend of $0.56.

  Solving problem on finance

As an shareholder in Eastern Semiconductor company, what do you think of the following statements and justify your opinion.

  Determining outstanding debt

Brookman Inc's latest EPS was $2.75, its book value per share was $22.75-How much debt was outstanding?

  What is correlation coefficient of the international fund

if the standard deviation of the portfolio of the two funds is 17.37 percent, what is the correlation coefficient of the international and the domestic fund?

  Stocks coefficient of variation required rate return and

stocks coefficient of variation required rate return and risk analysisstock x has a 10 expected return a beta

  Which option has the lowest risk

If you enter the above positions when gold equals 1,300, compare the dollars in profit from the three ways of betting against the price of gold if gold ends up at the following prices at time t: 1100, 1150, 1200, 1250, 1300, 1350, 1400, 1450, 1500..

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd