Public Finance-Social Security Insolvency Essay

Public Finance-Social Security Insolvency - Essay Example At the initial stage of this program, permanently disabled soldiers and widows of soldiers were given the benefits of social security policies. The most noted disadvantage of this program is that it had not designed any provisions for the Confederate side veterans and families. In order to remove the inefficiencies of the program and to coordinate the whole unions of soldiers, this program was restructured later and thereby all unions of soldiers got the benefit of the program regardless of the intensity of their injuries. Due to the expansion of the program, the federal government was driven to spend more than one third of its funds to meet the military pensions in 1984. The United States was shaken by the great depression of 1930 when millions of Americans lost their jobs and struggled to meet the livelihood. The event prompted the thoughts of a comprehensive social security system for the survival of the weakest in times of such severe situations. Franklin Roosevelt became the pre sident of America in 1932 and the depression was at its intense stage in this period. He was the first person who suggested an idea of social insurance in America although it was characterized by several weak aspects. Roosevelt’s idea was the milestone in the history of social security programs and it was molded into its present form subsequent to various amendments of Roosevelt’s basic frame. ... This plan persuaded the workers to set aside a specified percentage of their income to a separate account so that they can use this amount to meet the monthly expenses after retirement. Subsequently, Social Security Act (SSA) came into force in 1935. Since 1935 the SSA system has been exercising in US with relevant modifications in accordance with changing economic situations and population of the country. Currently, social security system in United States is known as Federal Old-Age, Survivors, and Disability Insurance (OASDI) program. Deaven and Andrews (vii) lists other social security programs which include â€Å"Unemployment Insurance, Temporary Assistance to Needy families, Health Insurance for Aged and Disabled (Medicare), Grants to States for Medical Assistance Programs (Medicaid), State Children’s Health Insurance programs (SCHIP), and Supplemental Security Income (SSI). 2. Causes of the anticipated insolvency: Anticipated insolvency or expected insolvency is a threa t to business as it leads the business to failure in the near future. Insolvency may occur in small businesses as well as in big businesses although small business ventures have more possibility to confront with it. There are large numbers of causes for anticipated insolvency. Lack of working capital is the main cause of anticipated insolvency as it interrupts the smooth running of the business (The 65 most common reasons for business failure). The inadequate capital resources cause to diminish the management incompetence which is the catalyst that leads the business upwards. The thoughtless managerial decisions, unfair issue of credits, and unnecessary purchases are the major factors which create the situation of capital deficiency. Unforeseen contingencies like floods,

How Information Flows Within an Organization Essay Example for Free

How Information Flows Within an Organization Essay Information has to travel through different types of pathways in order to be received and used. Think of the pathways of information like the transit system. Information is loaded into systems by using input devices, like keyboards or touchscreens. After the information is imputed it is transferred to some type of storage medium, whether hard disk drive, RAM, or CD’s or DVD’s. Once this information is transferred it is then able to be accessed and used as long as the correct permissions are assigned. The storage allows for future access and the ability to retransmit the data to another device, by using the LAN, WAN, Internet or removable devices like flash drives or external hard drives. The ability to create and use information would not be possible without the hardware that allows the user to input the information they want others to read or use. It can go down to basic components like computers, keyboard, hard drives, etc. However, in conjunction with the hardware there has to be software which outputs the data so the user can read it. Once the data is read the user can create databases or upload the information to different locations like a cloud based server. Once again with the ability to do this would not be possible without special types of hardware that allows this. The hardware in reference is NIC cards, routers, switches, hub, etc. All of these things make it possible for information to be transmitted around the world. Of course to simply transmit data and information around the world could be a very simple thing, until you add in the steps necessary to protect the data. In my current job we do not use very much resources to transmit data or even  create it. However, a company that we work for uses networks and even special communication cables to transmit and receive data from different devices within the building we are working. Basically there are controllers that connect via a two or three conductor cable and which connects to devices mounted on air handler systems. These devices take in an enormous amount of complex data and regularly transmit the data to the controller which then relays the information to a computer that is on the mainframes network. This network allows the company the ability to have remote access to the controller which allows them to be able to change certain values in order to make the air handlers run more smoothly. Some of the data that is transferred include, outside air pressure, discharge air temp, return air temp, and there are even safety measures transmitting to ensure smooth operation. Once an alarm is triggered the device sends data to the controller which then relays the alarm to the computer which outputs the reason for the alarm and specifies what triggered the alarm. A technician can then go on the computer and adjust whatever values need adjusting to remove the alarm and resume proper operation. Without this network of devices and controllers and computers there would be no way for these issues to be resolved in a timely manner. Seeing how allot of the work we do is in Charlottes main healthcare system, by us not being able to have quick and painless connectivity many peoples wellbeing could be at risk. The one thing the company I work for makes sure of is security for their systems and networks. Although the physical network is not part of the company’s infrastructure it is protected from other people trying to access it because it is their equipment, cables, controllers, and devices. The hospitals have no access to these systems because one wrong value can be the difference between freezing temperatures or summer conditions in the building. The company, Johnson Controls, uses three different programs that have to be authenticated before access is granted. Firstly the technician has to slide their finger over the fingerprint scanner to access the computer that connects to the controllers. Seems like a correct finger scan would be all that’s necessary for accessing the system, however, the IT personnel decided to add two more layers of security due to the nature of their business. Secondly the technician has to scan their badge into a card  reader type of device that pops up a screen that greets the technician as a Johnson Control employee. Once again not enough security in the minds of Johnson Controls so the final security measure is an encrypted password, that if it is entered incorrectly starts the whole process over again. After talking with multiple technicians the consensus is that they cannot stand all the security measure, but they do understand the purpose. Perhaps the best measure the company has against potential invasions is that all the equipment they use from top to bottom is made by themselves. This ensures that only their employees are trained and permitted to use the equipment. Other people might look at the equipment and be dumbfounded due to the processes and certain protocols in place on how to use the equipment to access any information. Although I currently do not work in an environment that utilizes servers and multiple computers, I do see how information is passed through devices to controllers and finally to computers or networks. Even though there is multiple types of information the way it is used and flows follow the same path. Without hardware and software there would be no way to use and transmit the data. As the technology continues to change and become more advanced, I am sure the way information is used will change along with it.

The Old Man And The Sea: The Old Man :: essays research papers

The Old Man and The Sea: The Old Man Authors use many tactics to reveal a character's personality. In the short story, A Clean, Well-Lighted Place, Hemingway exposes the attributes of his characters through narration and dialogue. The older waiter's characteristics are exhibited through the waiters' conversations and the observations the narrator makes. The author cleverly associates the older waiter with the old man. This connection gives the audience a clear understanding of the loneliness and old age the waiter faces. The older waiter in Hemingway's story identifies with the old man. This is evident through the statements he makes to the younger waiter. In the begining of the work the younger waiter is complaining about the old man staying at the cafe. The older waiter takes up for the old man by explaining that the old man, â€Å"stays up because he likes it† (Hemingway 160). This is the initial time that the older waiter indicates that he identifies with the old man's feelings. This identification becomes more apparent farther in the work. For instance, the older waiter categorizes himself as being one, â€Å"of those who likes to stay late at the cafe†(Hemingway 161). With this declaration, the older waiter places himself in the same group as the old man. Hemingway's comparison of the old man and the waiter becomes unmistakable through the words of the older waiter. Loneliness and old age are the common bonds that the older waiter shares with the old man. This is manifested through the dialogue between the two waiters. For example, when the younger waiter boasts about his youth and confidence, the older waiter jealously replies, â€Å"I have never had confidence and I am not young†(Hemingway 161). The older waiter goes on further to illustrate that all he has is work. The older waiter later displays his loneliness through his compassion for the old man and others like himself. For instance, when the younger waiter remarks that he wishes to go home for the night, the older waiter says, â€Å"I am reluctant to close up because there may be some one who needs the cafe† (Hemingway 161). Through the author's comparison of the old man and the older waiter, he reveals the waiter's loneliness and desire for youth. The narration communicates the personality of the older waiter. For example, the narrator depicts the old waiter as, â€Å"not dressed to go home† (Hemingway 161). The author is implying that the older waiter will be in search of a drinking area, much like the cafe, after the cafe closes. Similar to the old man, the older waiter does not want to go home. The Old Man And The Sea: The Old Man :: essays research papers The Old Man and The Sea: The Old Man Authors use many tactics to reveal a character's personality. In the short story, A Clean, Well-Lighted Place, Hemingway exposes the attributes of his characters through narration and dialogue. The older waiter's characteristics are exhibited through the waiters' conversations and the observations the narrator makes. The author cleverly associates the older waiter with the old man. This connection gives the audience a clear understanding of the loneliness and old age the waiter faces. The older waiter in Hemingway's story identifies with the old man. This is evident through the statements he makes to the younger waiter. In the begining of the work the younger waiter is complaining about the old man staying at the cafe. The older waiter takes up for the old man by explaining that the old man, â€Å"stays up because he likes it† (Hemingway 160). This is the initial time that the older waiter indicates that he identifies with the old man's feelings. This identification becomes more apparent farther in the work. For instance, the older waiter categorizes himself as being one, â€Å"of those who likes to stay late at the cafe†(Hemingway 161). With this declaration, the older waiter places himself in the same group as the old man. Hemingway's comparison of the old man and the waiter becomes unmistakable through the words of the older waiter. Loneliness and old age are the common bonds that the older waiter shares with the old man. This is manifested through the dialogue between the two waiters. For example, when the younger waiter boasts about his youth and confidence, the older waiter jealously replies, â€Å"I have never had confidence and I am not young†(Hemingway 161). The older waiter goes on further to illustrate that all he has is work. The older waiter later displays his loneliness through his compassion for the old man and others like himself. For instance, when the younger waiter remarks that he wishes to go home for the night, the older waiter says, â€Å"I am reluctant to close up because there may be some one who needs the cafe† (Hemingway 161). Through the author's comparison of the old man and the older waiter, he reveals the waiter's loneliness and desire for youth. The narration communicates the personality of the older waiter. For example, the narrator depicts the old waiter as, â€Å"not dressed to go home† (Hemingway 161). The author is implying that the older waiter will be in search of a drinking area, much like the cafe, after the cafe closes. Similar to the old man, the older waiter does not want to go home.

Abandonment and Struggle on a Farm Essay -- Literary Analysis

Simplicity, especially in poetry, can be an often underrated and overlooked method of conveying a meaningful and extended message. Ted Kooser, an American poet and writer, is well known for his ‘simplistic’ style of writing and has been described as using an â€Å"[H]onest, accessible verse†¦Ã¢â‚¬  (Ted Kooser: The Poetry Foundation). Kooser was born in Iowa and now resides in Nebraska. Both Iowa and Nebraska are situated in the Midwestern United States, an area noted for its rural landscape and population. Kooser’s rural background and ‘accessible verse’ are exceedingly evident in his poem â€Å"Abandoned Farmhouse†. The poem is as an observation of an abandoned farmhouse, it infers details about the house and the family that lived in it through inanimate objects as well as the condition of the house and surrounding farmland. Using figurative language devices such as simile, metaphor, and personification Kooser allows the reader to draw their own conclusions. As well, Kooser allows the reader to fill in the gaps in his writing, however, he creates themes in this poem that are hard to ignore and thus they must be acknowledged. Themes of abandonment and a struggling family are prevalent in â€Å"Abandoned Farmhouse† and they help lend to the broader thematic purpose of the poem which looks to provide an insight on rural life, particularly the realities and hardships of living on a farm. Using the figurative tools mentioned previously, Kooser creates an image of an empty and neglected farmhouse and uses it as a symbolic representation for the hardships experienced in farming and the strain it can put on a family. In the 1980s, many farmers in the Midwest were running out of business rapidly and found that they could not stay in the agriculture indust... ...ation the narrator in â€Å"Abandoned Farmhouse† is able to tell the story of a struggling family on a farm while presenting the idea of abandonment, of the farm and of the family. The inferences made on characteristics of the farm and inanimate objects scattered throughout it allow the narrator to conclude that something went wrong on the farm and with the family. The poem, and the observations made throughout it, is a representation of the difficulties faced in rural life and the strain that it can put on a family. The unfortunate ending suggested in the poem symbolizes the struggles that a farm can present and provides an insight into the realities of farm life. Works Cited Crisis in Agriculture. n.d. Website. 2 April 2012. Kooser, Ted. "Abandoned Farmhouse." ENG 105B: Poems for Essay #2. 2012. Ted Kooser: The Poetry Foundation. 2010. Website. 2 April 2012.

Psychology Homework Essay

The argument I have chosen to use is one that was between my friends and I. It was the early hours of the morning and we were at a Jacuzzi party. We were discussing the topic of wages and how much those of us who worked were earning. We then started talking about football players and how they earn millions of pounds for doing a very unnecessary and over paid job; compared to people who offer a service for the country such as those in the NHS or the armed forces who spend all day risking their lives or saving other peoples. The two main points of the argument were: 1. ‘Yes, Footballers are over paid but that is the way it is and that’s how it fits into the national framework’ – This point was shared by everyone in the argument, except one person 2. ‘Footballers are paid to much and it should be changed now! ’ – This point was shared by one person The people who believed in point 1, myself included showed how their point was valid. They showed that even thought it is not morally right for footballers to earn that much money compared to the amount of work they do or in comparison to people in public services but that is the way it is and with out them Public services would not be able to run as easily. We showed this by explaining the national frame work. The money that is earnt by the footballers is taxed greatly, some as much as 40%, This money is then distributed between education, social security, the NHS and many other things. The other person was still on a one tracked mind that it was just wrong and should be changed. So we explained it again and after much persuasion he started to see things our way. He then started to change the argument and incorporated big companies such as McDonald’s and Nike. His point was that they employ people in under developed countries to work for them because it’s cheap labour and it allows them to make a massive profit margin. The whole group agree that this was wrong but being the well balanced young adults we are, we looked at both sides. Some of our outcomes were that even though to us it seems like an unacceptable wage, the people employed are at least employed. We went far beyond people in Asia and right to where we lived. To other people, 16 and 17 year olds being paid just over minimum wage to work long hours and do jobs other people would say no to, is fine by them. In fact, after this argument a lot of people involved realised it was about themselves. How ironic?

The Great Depression Stats essays

The Great Depression Stats essays The Great Depression of the 1920s and 1930s began when the stock market crashed on October 24, 1929 after reaching an all-time high on September 3, 1929. Everyone was jubilant and happy before the crash because the 1,500,00 people in America who had invested in shares of companies were making a lot of money. Corporations were experiencing a period of time when expansion was up, poverty was down and everyone was happy. Bankers attempted to calm stock holders but on October 29, 1929 some 16,000,000 shares were sold at a loss and all of America was in a panic. The stock market crash itself brought down practically the entire U.S. economy and lowered wages, which in turn brought more problems. Food shortages occurred and many people found that they could no longer afford bread and butter to feed themselves. Within most big cities there was some form of relief system set up and many people went there in order to eat, while trying not to let their friends notice that they were there. Soon after, the cities ran out of money for the relief programs and some people were without food and shelter. Six months after the stock crash 4,000,000 people had lost there jobs. Many people lost their homes and built shacks out of anything they could find, such as cardboard, cans, and old wood. In 1932 14,000,000 people were jobless and $75,000,000,000 was estimated to be lost. Farmers were known to dump harvested crops and food in order to drive up prices and create shortages because they couldnt make enough money to feed their family. Personal families were also seriously affected because there was no food to go around and good people had to steal or beg to feed their families. When Soviet Russia offered a job that required 6,000 people, 100,000 applied. The suicide rate rose and the birthrate dropped as hope for recovery began dropping. When Congress began a bill that would give a bonus to Veterans of war, a prote...

Pаul Krugmаns Fоr Richеr

PÐ °ul KrugmÐ °ns FÐ ¾r RichÐ µr Free Online Research Papers Th? study ?f th? p?litic?l ?c?n?my ?f ?m?ric? in th? r?c?nt yrs h?s br?ught ?b?ut c?ntr?dict?ry inf?r?nc?s, h?w?v?r ? c?mm?n thrd th?t wv?s thr?ugh th? p?litic?l ?c?n?mics lit?r?tur? is th?t th? rich ?r? g?tting rich?r f?st?r th?n th? pr ?r? g?tting rich?r. P?ul Krugm?n, pr?f?ss?r ?f ?c?n?mics ?t th? Univ?rsity ?f Princ?t?n ?nd th? m?st c?ntr?v?rsi?l p?litic?l ?c?n?mist in ?m?ric? during th?s? yrs, h?s ?ddr?ss?d this hyp?th?sis in ? h?st ?f ?rticl?s in his m?ny bks, n?wsp?p?r ?nd m?g?zin? ?rticl?s ?t ?l. In F?r Rich?r, th? first ?ss?y in ? N?w Y?rk Tim?s s?ri?s ?n cl?ss ?nd cl?ss w?rs in th? Unit?d St?t?s, P?ul Krugm?n invit?s th? rd?r’s ?tt?nti?n t? issu?s th?t th? lib?rt?ri?n ?c?n?mists ?ft?n ign?r? ?r f?il t? r?c?gniz? in th?ir disc?urs?s. H? pr?cl?ims th? dis?ppr?nc? ?f th? middl? cl?ss, illustr?t?s th? incrsing pr?bl?ms ?f inc?m? in?qu?lity ?nd plut?cr?cy, ?nd ?x?min?s th? ?ff?rts by ?c?n?mists ?s w?ll ?s g?v?rnm?nt instituti?ns t? c?ncl cl?ss c?mp?siti?n using st?tistic?l d?t?. Th? shifting p?r?digms ?f c?rp?r?t? ?x?cutiv? ?thics ?nd influ?nc? is y?t ?n?th?r t?pic discuss?d in th? ?ss?y. (Krugm?n, 2002) Whil? Krugm?n’s s?urc?s m?y b? limit?d ?nd ?v?n d?b?t?d, it p?ints t? c?rt?in ?ss?nti?l ?nd cruci?l s?ci?-p?litic?l ?nd ?c?n?mic issu?s pl?guing th? ?m?ric?n s?ci?ty. Th?t th? ?m?ric?ns ?r? pr?s?ntly living in ? n?w Gild?d ?g?, which is ?s ?xtr?v?g?nt ?s th? ?rigin?l, but with ? g?p b?twn th? v?ry rich ?nd th? r?st wid?ning f?st?r th?n ?v?r. Wh?t?v?r b? th? ?ll?g?ti?ns ?n P?ul Krugm?n, it is imp?rt?nt th?t th? issu?s ?r? ?ddr?ss?d ?nd ?ppr?pri?t? msur?s id?ntifi?d f?r th? citiz?ns ?nd g?v?rnm?nt t? ch?ng? th? difficult st?t? ?f things. Krugm?n’s ?n?lysis ?nd ?d?m Smith’s C?nc?pts ?f S?lf-int?r?st ?nd â€Å" Invisibl? H?nd† ?s Krugm?n’s ?bs?rv?ti?ns ?r? ?ss?nti?lly f?cus?d ?n th? individu?l’s grd ?nd s?lf-int?r?st in th? c?pit?list s?ci?ty th?t ?m?ric? is, it w?uld b? w?rthwhil? t? r?l?t? th?s? ?bs?rv?ti?ns with th?s? ?f ?d?m Smith, th? 18th c?ntury phil?s?ph?r ?c?n?mist wh? wr?t? Th? Wlth ?f N?ti?ns, ? t?ur d? f?rc? ?n th? thry ?f c?pit?lism intr?ducing th? c?nc?pt ?f th? â€Å"invisibl? h?nd† th?t lds c?pit?list s?ci?ti?s t? ?c?n?mic ?ffici?ncy. Whil? ?d?m Smith b?li?v?d grtly in th? intrinsic w?rth ?f th? c?pit?lism ?nd s?-c?ll?d â€Å"invisibl? h?nd† ?f th? m?rk?t, h? c?uld f?r?s th? s?lf-int?r?st?d b?h?vi?r ?f busin?ssm?n. ?cc?rding t? Smith, m?ximizing s?lf-int?r?st w?s ? ‘r?ti?n?l’ b?h?vi?r in ?c?n?mics. His ?ft?n qu?t?d ?bs?rv?ti?n fr?m Th? Wlth ?f N?ti?ns : ‘ppl? ?f th? s?m? tr?d? s?ld?m mt t?g?th?r, ?v?n f?r m?rrim?nt ?nd div?rsi?n, but th? c?nv?rs?ti?n ?nds in ? c?nspir?cy ?g?inst th? public, ?r in s?m? c?ntriv?nc? t? r?is? pric?s’  œ imply th?t th? busin?ssm?n ?r? ?lw?ys c?nc?rn?d ?f m?king th?ms?lv?s rich?r, ?v?n if its by h?rming th?ir f?ll?w citiz?ns ?nd th?ir n?ti?n. P?ul Krugm?n’s ?bs?rv?ti?n ?n c?rp?r?t? ?x?cutiv? ?thics ?nd th? st?tistic?l d?t? th?t h? pr?s?nts ?n th? c?nc?ntr?ti?n ?f wlth in ? f?w h?nds in â€Å" F?r Rich?r† f?lls in lin? with ?d?m Smith’s d?scripti?n ?f th? c?pit?list syst?m, which is ?ss?nti?lly pr?p?ll?d by th? s?lf-int?r?st?d b?h?vi?r ?f th? busin?ssm?n. H?w?v?r, ? m?in ?rgum?nt in Th? Wlth ?f N?ti?ns is th?t th? fr c?pit?list m?rk?t, th?ugh smingly chtic ?nd unc?ntr?ll?d, is in rlity str?d t? pr?duc? th? right qu?ntity ?nd r?ng? ?f gds by ? s?-c?ll?d â€Å"invisibl? h?nd.† ?cc?rding t? his thry, in th? ?v?nt ?f ? pr?duct sh?rt?g?, its pric? ris?s, which crt?s th? m?tiv?ti?n f?r its incrs?d pr?ducti?n, thus curing th? sh?rt?g? ultim?t?ly. Th? ‘invisibl? h?nd’ n?t ?nly guid?s pr?ducti?n, but ?ls? guid?s th? pric? ?f th? pr?duct in ? c?mp?titiv? c?pit?list syst?m. Th? incrs?d c?mp?titi?n ?m?ng m?nuf?ctur?rs ?nd th? incrs?d supply w?uld ?v?ntu?lly l?w?r th? pric? ?f th? pr?duct t? its pr?ducti?n c?st, which h? t?rm?d th? â€Å"n?tur?l pric?.† N?n?th?l?ss, Smith w?s c?uti?us ?f th? s?lf-int?r?st ?f busin?ssm?n ?nd insist?d ?g?inst th? f?rm?ti?n ?f m?n?p?li?s. Smith h?ld th?t whil? hum?n m?tiv?s ?r? ?ft?n s?lfish ?nd grdy, th? c?mp?titi?n in th? fr m?rk?t w?uld t?nd t? b?n?fit s?ci?ty ?s ? wh?l? ?nyw?y. Krugm?n’s ?n?lysis ?nd D? T?cqu?vill?’s ‘S?lf-Int?r?st Pr?p?rly Und?rstd’ ?l?xis d? T?cqu?vill? in his bk D?m?cr?cy in ?m?ric? ?ls? ?ddr?ss?d th? issu? ?f s?lf-int?r?st ?f ?m?ric?ns. H?w?v?r Krugm?n’s ?bs?rv?ti?ns diff?r signific?ntly fr?m T?cqu?vill?’s c?nc?pt ?f ‘s?lf int?r?st pr?p?rly und?rstd. T?cqu?vill? d?scrib?d ?m?ric? ?s ? c?mmunity ?f gd S?m?rit?ns, with ppl? p?rsist?ntly h?lping ?n? ?n?th?r. H? ?xpl?ins h?w ?m?ric?ns h?d ?n inn?t? gr?sp ?f th? c?nc?pt ?f ?nlight?n?d s?lf-int?r?st: â€Å"Th? ?m?ric?ns ?nj?y ?xpl?ining ?lm?st ?v?ry ?ct ?f th?ir liv?s ?n th? principl? ?f s?lf-int?r?st pr?p?rly und?rstd.† H? c?ntinu?s t? s?y â€Å"?nlight?n?d s?lf-l?v? c?ntinu?lly lds th?m t? h?lp ?n? ?n?th?r ?nd inclin?s th?m t? d?v?t? frly ? p?rt ?f th?ir tim? ?nd wlthy t? th? w?lf?r? ?f th? st?t?.† (T?cqu?vill?, 1840; pg. 611) T?cqu?vill?’s principl? ?f s?lf-int?r?st pr?p?rly und?rstd sms t? b? in lin? with th? pr?-1970s ?m?ric? pr?s?nt?d by Krugm?n; it’s h?rd t? ?ss?ci?t? th? s?lf –int?r?st ?f m?d?rn c?rp?r?t? ?x?cutiv?s r?p?rt?d by Krugm?n with T?cqu?vill?’s c?nc?pt ?f s?lf int?r?st. Krugm?n’s ?bs?rv?ti?ns sms in lin? with th?t ?f ?d?m Smith, in th?t h? ?ttribut?s th? ?c?n?mic ?chi?v?m?nts ?f th? Unit?d St?t?s t? th? c?nc?ntr?ti?n ?f inc?m? ?t th? t?p, typic?l ?f fr m?rk?t syst?m, h?w?v?r his hyp?th?s?s gs b?y?nd th? â€Å"invisibl? h?nds† ?f th? m?rk?t th?t Smith c?nsid?r?d w?uld b?n?fit th? s?ci?ty. Krugm?n c?nsid?rs th? c?nc?ntr?ti?n ?f wlth ?n th? t?p ?s th? m?in rs?n th?t th? Unit?d St?t?s h?s m?r? p?v?rty ?nd l?w?r lif? ?xp?ct?ncy th?n ?ny ?th?r m?j?r ?dv?nc?d n?ti?n. Th?ugh h? c?nsid?rs th? hyp?th?sis ?f th? ?ff?cts ?f â€Å"gl?b?liz?ti?n†, â€Å"skill-bi?s?d t?chn?l?gic?l ch?ng?,† ?nd â€Å"sup?rst?r† thry, h? c?nclud?s th?t ?xpl?n?ti?ns f?r th? gr?wing in?qu?liti?s ultim?t?ly t? th? â€Å"r?l? ?f s?ci?l n?rms in s?tting limits t? in?qu?lity.† (Krugm?n, 2002) P?ul Krugm?n’s vi?ws in ? w?y c?nfirm ?d?m Smith’s c?uti?n ?f th? grd ?f th? busin?ssm?n, h?w?v?r h? f?ils t? id?ntify th? invisibl? h?nd th?t w?uld guid? th? s?lf-int?r?st t?w?rds th? b?n?fit ?f th? s?ci?ty. Whil? h? ?ss?nti?lly sms t? ?gr with ?d?m Smith’s n?ti?n th?t individu?l’s s?lf int?r?st might indir?ctly pr?m?t? th? int?r?st ?f th? s?ci?ty, h? sugg?sts th? pr?lif?r?ti?n ?f gl?b?l tr?d? ?nd gl?b?liz?ti?n ?f busin?ss, th? ?m?rg?nc? ?f th? n?w ?c?n?my c?upl?d with th? ?bs?nc? ?f s?ci?l n?rms h?v? incrsing sid?lin?d th? ‘invisibl? h?nd’. Krugm?n’s ?ss?y ?ss?nti?lly p?int t? th? nd f?r g?v?rnm?nt?l c?ntr?l by crting ?ff?ctiv? l?ws ?nd th? r?instituti?n ?f ?thic?l n?rms in th? c?rp?r?t? w?rld, s? th?t ?d?m Smith’s m?gic?l â€Å"invisibl? h?nd† will guid? busin?ss?s in th? right dir?cti?n. Th?n c?rp?r?ti?ns ?nd ?x?cutiv?s , whil? trying t? m?k? th?ms?lv?s rich?r, will finish up d?ing things th?t ?r? gd f?r th? wh?l? s?ci ?ty. Research Papers on PÐ °ul KrugmÐ °n’s â€Å"FÐ ¾r RichÐ µr†19 Century Society: A Deeply Divided EraLifes What IfsStandardized TestingComparison: Letter from Birmingham and CritoMarketing of Lifeboy Soap A Unilever ProductQuebec and CanadaAssess the importance of Nationalism 1815-1850 EuropeTwilight of the UAWThe Project Managment Office SystemDefinition of Export Quotas