Sign Up Now
Get instant access to over 1 million+ study documents
OR
Already registered? click here to login
By creating your account, you agree to our terms of service, privacy policy and student honor code.
Human Autonomy and Economics
The modern day economists John Kenneth Galbraith and Frederick Hayek possessed contrasting views of human autonomy, or the ability of human beings to successfully direct their economic lives. Galbraith saw human agency as at least partially subject to the whims of the business cycle and other individual's economic choices, thus the state had a right to intervene in human economic life. Hayek stressed the unpredictability of human economic choices and the need for liberty from state interference, given that the state could not predict the responses of human economic life to changes in the business cycle.
Galbraith stated that when faced with a precarious job, humans stored their money, and thus caused a recession-mired economy to father contract, requiring government spending to stimulate the economy and thereby extricate society as a whole from a potential depression that could occur in this phase of the failed business cycle. While Hayek did not reject all forms of state regulation, welfare provision, or institutional reform, he believed that the preservation of human choice and liberty, not security or even economic stability, was the primary purpose of government (Ransom, 1996)
Hayek would thus see the case of the G. Heilman Brewing Company as clear-cut. Individuals have the ability to chose whether they imbibe alcohol or not, as promoted by Heilman's advertising. Heilman thus had the right to market its products to specific groups, such as African-American inner city youths, if the company believed these groups to be likely purchasers, regardless of the morality of such an advertising campaign. (Greyser & Schiller, 1994) Hayek would also suggest that Galbraith's theory of state responsibility for a better society would require suppression of the company's freedom of advertising speech and hence the corporation's right to make money from its product, although it is important to remember that Galbraith did not believe in all forms of state intervention in the marketplace, any more than Hayek was in favor of repressing all forms of state intervention at all times.
Works Cited
Greyser, Stephen A. And Wendy S. Schiller. (1991) "G. Heilman Brewing Company (A): Power Failure at Power." Cambridge: Harvard Business School Publishing Master. Retrieved 8 Nov 2005 at http://www.caseplace.org/cases/cases_show.htm?doc_id=182620
Ransom, Greg. (1996) "Thee Significance of Myth and Misunderstanding in Social Science Narrative: Opening Access to Hayek's Copernican Revolution in Economics." The Hayek Center. http://www.hayekcenter.org/friedrichhayek/hayekmyth.htm
(Leaves, 680) Similarly Whitman informs us: Stop this day and night with me and you shall possess the origin of all poems, You shall possess the good of the earth and sun…there are millions of suns left, You shall no longer take things at second or third hand…nor look through the eyes of the dead…nor feed on the specters in books, You shall not look through my eyes either, nor take things from me.
Human Resource Management Job analysis Job Design and considerations Job design is the arrangement of work in organizations. The arrangement assist employees as well as the organization meet objectives. An effective job design satisfies employees in organizations since it prevents dissatisfaction arising from repetitive work. It also assists organizations by preventing employees from alienation. Additionally, job designs improve on the productivity of an organization. Job designs, however, need to consider the following aspects in
So when these less trained and educated employees see any customer coming towards them. They try to avoid, move here and there or goes out of the reach of the customer. The Malls do come under the category of Retail business. In which there are different brands, shops and products of different companies are present under one roof. Every customer who visits is different in terms of education, product
Human Resources Planning Budgeting * Components/elements included in an HR Budget * Consider all HR facets such as Selection and placement, training & development, compensation and benefits, employee relations and employee engagement, health, safety and risk management * Cost reduction strategies. Both the cost and the range of functions taken on by a Human Resources Department are directly dependent on the size of the company. Smaller companies tend to make fewer distinctions between
Human nature allows a person to demonstrate the cognitive, social and emotional behaviors that enable him or her to function in society and satisfy biological, psychological and emotional needs. The drive to display such behaviors is inborn but is shaped through environmental forces. New behaviors are learned and unlearned through experience and instruction. Functional human beings are able to read the situation, identify their goals and select from a repertoire
This phase also includes the definition of market-competitive base salaries, merit increases, benefits, bonuses and incentives. It is also the area where benefits are budgeted for and offered. Many practitioners and managers both see this as the most critical phase of the HRM lifecycle for retention as a result (Ulferts, Wirtz, Peterson, 2009). In fact it is the development of jobs that have a wider span of responsibilities and