The Price Of Happiness By Carl Richards - 978 Words

The Price of Happiness Does the thought of a brand new pair of shoes fill your heart with joy? If so, would you still feel the same about those same shoes ten years from now? Most likely, the answer to the second question is no. That is the point that Carl Richards is trying to make in the article, The Odd Relationship between Money and Happiness. When searching for a topic to write about, I came across this article. I found it on the New York Times website. Richards claim is that money does not contribute to happiness, overall. This is because having money will always lead to the desire of feeling the need to have more, whether it is luxuries or money, itself. Although I agree with Richards up to a point, I cannot accept his overriding assumption that money does not support happiness. Richards’ article is to serve an important message: that money is not the key to true happiness. He believes that there is not a correlation between money and happiness and that you certainly cannot buy it. He explains that money may attempt to pursue happiness, but will fail. He points out that there are so many people who are happier with less than what most people have. In the 6th paragraph, Richards states, â€Å"If you believe that happiness can be reduced to a functional equation up to $75,000, then how can you explain all those stories of people around the world with very little money and a whole lot of happiness (Richards 2)?† What he means by this is that, if someone lessShow MoreRelatedThe Rise Of Wealth And Wealth1595 Words   |  7 Pages Revision In today’s society, wealth and riches is something that does not come along easily. Wealth is something you must work hard for or be born into. One believes money is the only thing that can cause happiness. Honestly, have you ever seen a sad rich person? Probably not. Wealth has a mindset built around it. To wealthy people, they think the world is on a string in their pocket. They can go anywhere, do anything, without having to worry about what it will take. To lower income familiesRead MoreEssay on The Rocky Horror Picture Show1654 Words   |  7 PagesBrave New World when considering the death of human beings, these feelings about our demise show complete lack of emotion, and this is not the only place where lack of feeling is prevalent. Marriage, a foreign word in the society that Lenina and Richard Marx live in, but would they have married in our world. They had no true love, but who needs love in this day and age to get married? After becoming intimate Lenina could have become pregnant, after all she was fertile. Not uncommon to our societyRead MoreEssay on The Life of Benjamin Franklin1743 Words   |  7 Pagesleadership and success of tomorrow. He thought that it was important to have a love of reading and founded the first public library in America in 1731: the Philadelphia Library. In 1732, Franklin published Poor Richards Almanac with the pen name Richard Saunders. In 1749, he wrote Proposals Relating to the Education of Youth in Pennsylvania. In 1751, he established Philadelphia Academy, later known as University of Pennsylvania. The most emphasized subjects were to be English and Foreign LanguagesRead MoreEssay on Altruism: Our Desire to Help Others2507 Words   |  11 Pagesgenuine concern for the well being of others. One of the most famous and haunting stories of a person engulfing themselves in this way of life is George Price. Throughout his life, George Price was a fluctuating and ever changing scientist. Accepted to Harvard and the University of Chicago, he eventually obtained a doctorate degree in chemistry. Price worked on the Manhattan project, a program during World War I focusing on building an atomic bomb. He later went on to work in various fields such asRead MoreLooking Back By John Steinbeck2124 Words   |  9 Pagesthe story. Jody Tiflin, the little boy the story is centered around, as already mentioned, is a reflection of Steinbeck as a child. Jody undergoes many life lessons as he learns about life and death while caring for a young pony. Jody’s father, Carl, runs the ranch tightly and often finds it hard to connect with Jody, just like â€Å"there was much frustration in the relationship of young Steinbeck and his father† (Benson 14). Bil ly Buck, the one-man ranch hand for the Tiflins, takes exceptional careRead MoreThe Social Problem Of Legalizing Marijuana Essay1801 Words   |  8 Pagesmarijuana smokers to drive without issues. This was recently a law that had been passed, you are no longer capable of receiving a DUI if driving while high. Alcohol has been acquainted with violence while marijuana is acquainted with calmness and happiness. Unlike alcohol, marijuana is an anti-depressant while alcohol is a depressant. Unlike marijuana, alcohol can cause the user to experience vomiting, make the user more vulnerable to acts of violence, and can also cause memory loss as well. ResearchRead MoreBlood Bananas10217 Words   |  41 Pagesorganizations and individuals are engaged in export-oriented banana cultivation. While the smaller, independent producers cannot supply large quantities of high-quality fruit on a regular basis, they compete with the MNCs in many markets based on lower prices for their smaller, less standardized, but greater variety of banana types. In contrast, in Ecuador and Colombia, national banana corporations and large transnational companies dominate the banana business. In fact, Chiquita, Dole, and Del Monte, knownRead MoreEcstasy Use by Humans Essay2676 Words   |  11 Pagesneeded to guard against uneducated use by the masses, which may have disastrous consequences. Oral administration of MDMA results in a massive increase of extra cellular serotonin. Serotonin is a neurotransmitter, which will increase feelings of happiness and euphoria. This increase in available serotonin produces what is generally described as an extremely enjoyable high. But what are the consequences? Does one have the ability to recover from this surge of serotonin, or are MDMA users askingRead MoreHerbert Spencer Essay13142 Words   |  53 Pages1904). Two of the more reliable and critical biographical works are Josiah Royce, Herbert Spencer: An Estimate and Review (1904), and Hugh Elliot, Herbert Spencer (1917). For a careful study of Spencers impact upon American intellectual history see Richard Hofstadter, Social Darwinism in American Thought (1944; rev. ed. 1955). Recommended for general historical background are Ernest Barker, Political Thought in England, 1848-1914 (1915; 2d ed. 1963), and William James Durant, The Story of PhilosophyRead MoreChildrens Literat ure13219 Words   |  53 Pagesproducts into the texts of his childrens books is a practice that continues in childrens publishing. He also developed the custom of coupling childrens books with non-book accessories. A Little Pretty Pocket-Book was available at a slightly higher price when accompanied by either a Ball and Pincushion, the Use of which will infallibly make Tommy a good Boy and Polly a Good girl. The development of childrens literature in England occurred simultaneously with the rise of the English novel. It is

Ethics Is A Central Component Of The Way Things - 1313 Words

Ethics is a central component of the way things ought to be in which a healthy, mature, and happy life should be. Studying ethics allows you to live an authentic life which requires living a meaningful life with integrity. Ethics can also motivate you to change your morals and habits to live ethically. With a firm character and a set of principles to guide you, and the choices that you make is what it is all about. Ethical people are better suited by being trustworthy, honest, caring, and loyal. These are some of the interactions that make a business successful, calmer, more productive, and more focused than those that are unethical. By creating a highly coordinated and stable society that will require a lot of ethical people by working together. Personal success or social stability or something greater is the key in religious traditions for eternal life. Some religious belief is that life’s good behavior leads to rewards in the next life. But in Ethics there are many differen t views on what is good or bad behavior, the choice is really up to the individual on how what is ethical and unethical. Introduction In this course of Ethics I have a better understanding of all point of views in what is ethical and unethical in business and life in general. In this essay I will give my thoughts of what I think is ethical and my understanding of ethics based on what I have learned in this course. Ethics can be difficult in some situations and easier in others depending on theShow MoreRelatedAristotle And Plato s Philosophy1688 Words   |  7 Pages) Professor Armstrong CC 5 October 2015 Aristotle and Plato are famous for their many works in the philosophical field. Specifically, the Republic by Plato and Nicomachean Ethics by Aristotle seem to be their most popular works. In these works they discuss things that are needed to achieve the â€Å"good life† both on an individual level and on a societal level. There is some variance between what the two philosophers think can create the â€Å"good life.† They explore the concepts of eudaimonia, virtueRead MoreCase Assignment 2 BMT855DD Essay660 Words   |  3 Pagesleadership that can be nurtured, and develops over a lifetime, can be triggered by major life events, and that a leader’s behavior is grounded in strong ethics. The definition continues on to say that there are four authentic leadership components: Self-awareness, Internalized moral perspective, meaning knows the right thing to do and is driven by ethics and fairness, balanced processing, meaning they are fair minded and open to others, and they possess relational transparency, meaning they are honestRead MoreThe Central Dilemma Of Environmental Ethics866 Words   |  4 PagesThe central dilemma in environmental ethics is determining the value of nature: what kind of value does it have, what aspects of the environment have value, and from what or whom does environmental value ultimately derive? Many philosophers have proposed answers to these inquiries, but every ethic is weak in one or more of these areas. Holmes Rolston III, an American philosopher, preacher, and naturalist, has proposed a deontological argument that addresses each of the key subjects in the debateRead MoreAristotles Happiness1045 Words   |  5 Pagesâ€Å"Happiness depends on ourselves,† according to Aristotle. Aristotle preserves happiness as a central purpose of human life and a goal in itself. He dedicated most of his work to the topic of happiness, more than any philosopher prior to the modern era. Aristotle was convinced that a g enuinely happy life required the fulfillment of a broad range of conditions, including physical as well as mental well-being. In this way he introduced the idea of a science of happiness in the classical sense, in terms of aRead MoreConstructing A Good Human Being : Ethics By Aristotle1594 Words   |  7 PagesConstructing a Good Human Being: Ethics by Aristotle Aristotle’s philosophy of ethics reflects the complexity of human action, deliberation, and human life in general. His philosophy provides a flexible basis for integrating the subjective and the objective. In the books Nicomachean Ethics, Aristotle describes five intellectual virtues that help man to be a good human being: technical knowledge, scientific knowledge, philosophical wisdom, intuitive reasoning, and practical wisdom. These intellectualRead MoreThe Environment Should Be Protected Because and Only Because Human Livelihoods Depend Upon It1665 Words   |  7 PagesAlex Tran Business Ethics: Individual Assessment The environment should be protected because and only because human livelihoods depend upon it. The essay will treat the different problems that exist, nowadays, between environment and human beings, their difficulty to coexist, and mostly the ethical issues that result from it. Introduction â€Å"There is a sufficiency in the world for man’s need but norRead MoreEthical Values And Behaviors Of An Organization941 Words   |  4 Pagesvalues shape behavior in organizations? According to Saleem (2014), ethical values and behaviors of an organization are made up of organizations institutionalized philosophies along with the moral ideologies of its members. In addition, the codes of ethics help to enhance the moral reasoning of employees while shaping their behaviors towards morally questioning unethical situations. Organizational leaders are encouraged to build cultures of trust with leadership who establish concerning goals employeesRead MoreThe Nature Of Human Values948 Words   |  4 PagesAccording to the Merriam-Webster dictionary, the full definition of belief is â€Å"a state or habit of mind in which trust or confidence is placed in some person or thing†. Synonyms of belief are faith, credence, credit, and opinion (Belief, n.d.). Definitions ar e used to express our beliefs, but there are not necessarily the same beliefs for everybody, that is why one word could have more than one definition. For example, Rokeach, a polish-American social psychology, in his book The Nature of HumanRead MoreThe Ethics Of Human And Nature1410 Words   |  6 PagesIntroduction â€Å"There is a sufficiency in the world for man’s need but nor for man’s greed†- Mohandas K. For many years, people have satisfied their needs, without showing any concerns or awareness about the care of our planet, the way we treat our environment is described by some, like murder. Thus, it is natural to ask ourselves if the environment should be protected because and only because human livelihoods depend upon it or the opposite, that us, humans, exist only because of our planet, andRead MoreR. G. Frey s Moral Standing, The Value Of Lives, And Speciesism1200 Words   |  5 PagesAct Utilitarianism. Act Utilitarianism being the rebuttal of the Kantianism view on the moral issue at hand. In this passage the central conclusion is that the value of life, whether that be humans or animals is contributed to the quality of life, the quality is related to its richness being related to the life’s capacity of enrichment. (LaFollette, Hugh. Ethics in Practice: An Anthology. Cambridge, Mass.: Blackwell, 1997. Print.) Frey gives support to this conclusion by recognizing that not all

Oligopoly Duopoly &Monopolies In Australia â€Myassignmenthelp.Com

Question: Discuss About The Oligopoly Duopoly And Monopolies In Australia? Answer: Introduction There are many types of market structures in which businesses operate in all nations. These structures are; competitive markets, oligopolistic, monopoly and monopolistic markets (Stiglitz, 2016). The difference between these markets is the size and numbers of sellers, type of product (could either be similar of differentiated), market power, etc. Oligopoly markets are many up of few number of sellers but among the few, there are giants who controls the market (McTaggart, Findlay Parkin, 2012). Duopoly is the extreme case of an oligopoly market structure where two big firms controls nearly the whole market share. Monopoly market structure is a situation where there is only a single big supplier in the whole market (Australiancompetitionlaw.org, 2016). Depending on the number and size of the sellers, these three market structures have different market powers. Australia is known for operating in an oligopolistic market structure and thus this papers concern will cover mostly the oligopolistic competition. Perfect competition is the most effective market structure since it leads to efficient output and prices; the other market structures have market powers of which sometimes is misused and brings about inefficiency. Understanding the market structures helps the policy makers in ensuring that competitiveness is promoted so as to discourage any behavior of misusing the market power. The paper will also create an awareness to the business people that they may face legal charges if they discourage competition in the market. Economic Analysis The issue of a market being competitive is the major concern of this paper. In order to clearly see some of the negative impacts of uncompetitive nature of Australian markets, the article NBN to entrench broadband oligopoly: analysts by Letts (2016) highlights some of the industries practicing uncompetitive market behavior. Some of the industries noted to operate in an oligopoly market is the telecommunication industry, Grocery and supermarkets, the Airlines and the banking sector; these are the industries in which most of the Australians depend on. Flynn (2013) argued for the Australian aviation industry Qantas and Virgin to be a duopoly. This article also covers the presence of entrance barriers and how they challenges the governments objective of promoting competition. According to Klijn (2015), there are higher returns in operating in either an oligopoly, duopoly or monopoly market structure in comparison to the competitive markets and thus more preferred by most investors. Howev er, the Australian Competition and Consumer Commission's (ACCC) has struggled in promoting competition in the markets by controlling the market powers. Fig: Biggest companies in Australia Source: McDuling (2015) The graph show that some of the biggest companies in Australia were founded many years ago. This explains the reason for their raised level of market power. Kollmorgen (2016) noted that the supermarket industry is a duopoly and highlighted that Woolworths and Coles control 73%. This is contrary to the same notion made by Shakibaei (2012) that the duopolies controlled 80% market share. The difference is explained by the increased competition in this industry. Fig: Economies of Scale for Oligopolies and monopolies The presence of economies of scale enables the big players to slash their prices since they can produce more at a lower cost: the average costs falls as output rises. Since the entrants do not have the economies of scale, they are discouraged from operating in the market. The ACCC is succeeding in this goal as it can be noted that new investors have entered most of these market structures and are gaining some market share whereas the market share of the big businesses is declining. The ACCC has promoted the shift of businesses from one market structure to another as the number of suppliers rises. Telstra a quasi-monopoly in the telco market has shifted to an oligopoly market structures as Vocus, TPG and Optus have gained some of its initial market share. Telstra initially controlled 80% of the industrys revenue whereas the others controlled the remaining 20%; thanks to the ACCC that by 2016, this company controlled 60% increasing the control for the other firms by 20%. This has raise d the profitability of other telecommunication firms and its making an attraction to other potential investors. Letts article concluded that competition is better than operation of firms with increased market power. It noted that the shift of Telstra to an oligopoly is much better than when it operated as a quasi-monopoly. Recommendation Living standard is completely undermined by the existence of oligopoly, duopoly and monopoly market structures in Australia. Living standards could only be promoted by ensuring that there is increased competition in the market as this would make the products and services more affordable. This is achievable only by ensuring that barriers to entry that pre-existed and those created by the market players are eliminated. One barrier to entry is created by slashing of prices so as to make it less profitable for new entrants. This can be only eliminated by the government fixing the minimum price for the goods and services. This would ensure that even at the lowest price (minimum price), new entrant will make some profits. Australian is an economy whose cost of doing business is very high and this is already a self-barrier to entry. This can be eliminated by the government easing its regulations on business investments and promoting a low-cost business environment. Conclusion Ensuring that firms are competitive in nature is an important governments role. Price levels are generally influenced by the market supply and demand for goods and services. In competitive firms, the level of output is high and the price charged is generally low. This is because the players in this market have no influence on price for goods and services. On the other hand, the oligopolies, duopolies and monopolies are inefficient as the level of output is lower. These market structures have significant influence on price as they limit the level of their output to sell at higher prices. Without proper regulation by the government, most businesses could choose to operate in these markets to maximize their wealth. They are able to maintain their market power since there exist barriers to entry and the fact that they also create others of their own. References Australiancompetitionlaw.org. (2016). Competition Law Economics | Overview. Australiancompetitionlaw.org. Retrieved 24 August 2017, from https://www.australiancompetitionlaw.org/law/economics/index.html. Flynn, D. (2013). Borghetti defends the Qantas-Virgin duopoly. Australian Business Traveller. Retrieved 24 August 2017, from https://www.ausbt.com.au/borghetti-defends-the-qantas-virgin-duopoly. Klijn, W. (2015). Study finds Australian oligopoly premium. Theinstoreport.com.au. Retrieved 24 August 2017, from https://www.theinstoreport.com.au/articles/study-finds-australian-oligopoly-premium. Kollmorgen, A. (2016). Market monopolies in Australia: Is Australian suffering from a market concentration crisis? Choice. Retrieved 24 August 2017, from https://www.choice.com.au/shopping/everyday-shopping/supermarkets/articles/market-concentration Letts, 2. (2016). NBN likely to entrench broadband oligopoly: analysts. ABC News. Retrieved 24 August 2017, from https://www.abc.net.au/news/2016-04-08/nbn-to-entrench-broadband-oligopoly/7310228. McDuling, J. (2015). Corporate Australia's real problem: ancient companies. The Sydney Morning Herald. Retrieved 24 August 2017, from https://www.smh.com.au/business/the-economy/corporate-australias-real-problem-ancient-companies-20151125-gl7wu2.html. McTaggart, D., Findlay, C. Parkin, M. (2012). Macroeconomics. AU. Pearson Higher Education. Shakibaei, B. (2012). Duopolies: Woolworths and Coles. Wordpress. Retrieved 24 August 2017, from https://markets6605.wordpress.com/2012/06/13/duopolies-woolworths-and-coles/. Stiglitz, J. (2016). The new era of monopoly is here. The Guardian. Retrieved 24 August 2017, from https://www.theguardian.com/business/2016/may/13/-new-era-monopoly-joseph-stiglitz.