Now just to learn them!!!
http://www.sparknotes.com/economics/micro/supplydemand/demand/terms.html
Tuesday, January 17, 2012
Thursday, January 12, 2012
Economics Online Help
Economics for Today's World has a online addition with lots of tools to help with the application of the text material. Please see link:
http://coursemate.cengage.com/CPReader/View/9781111376284/default.aspx?eISBN=9781111376284#bbbccc7c-a310-4c6a-b9bb-eaac91747e13
http://coursemate.cengage.com/CPReader/View/9781111376284/default.aspx?eISBN=9781111376284#bbbccc7c-a310-4c6a-b9bb-eaac91747e13
Tuesday, January 10, 2012
Back to Basics
The works of a legendary mind such as the Ancient Greek Philosopher, Aristotle, can be called anything but "basic". His philosophies on mankind's psyche, the world and the Universe have underpinned many of the great ideas that circulate globally and have even influenced the languages we speak today. Nevertheless, it was his work in ethics that has found significant value in contemporary business environments. As a result, Aristotle, a student of Plato and teacher of Alexander the Great, can be described as one of the most influential characters of western philosophy.
The sum of all parts may or may not lead to the whole. Aristotle's idea of the Holon versus the Pan, introduces a spiritual element that underpins all his ideas. Both words roughly translate as the whole, yet the Pan describes many undifferentiated parts, whereas, Holon speaks to a whole in which each part is a separate entity coming together to make it what it is. This idea has been adopted by Organizational Behaviour and Development theorists to explain the complexities of the organization in contemporary society. Each organization is reviewed at multi levels - that of the individual, the department (team) and the organization (total). Using Aristotle's theory of the Holon, it can be understood that the Organization consists of separate parts, all unique in nature, but which come together to form a completely new, functioning entity different and more evolved than its separate components.
Aristotle taught that humans must have a function and this purpose must be led by the soul. It can be argued that contemporary organizational strategists such as Peter Senge and his theories on the "Learning Organization" have been heavily influenced by this idea. According to Senge an organization is:
"...a group of people who are continuously enhancing their capabilities to create what they want to create"
His focus on the individual to benefit the collective has been described as ahead of its time, yet as already noted his vein of thought is inline with Aristotle's teaching on personal virtues and ethics. According to Aristotle, virtue was to do with the proper functioning of a thing. An object or person is only as good as their function. Senge reasons that an individual's function must be explored and nurtured within the "Learning Organization".
"…organizations where people continually expand their capacity to create the results they truly desire, where new and expansive patterns of thinking are nurtured, where collective aspiration is set free, and where people are continually learning to see the whole together."
As with Aristotle in ancient Greece and now with Senge in contemporary society we see the concept of the "whole" is raised. One can conclude that the development of the self inline with the development of the collective must be the way forward for well functioning and successful business ventures. In fact, it is as true today as it was thousands of years ago.
The sum of all parts may or may not lead to the whole. Aristotle's idea of the Holon versus the Pan, introduces a spiritual element that underpins all his ideas. Both words roughly translate as the whole, yet the Pan describes many undifferentiated parts, whereas, Holon speaks to a whole in which each part is a separate entity coming together to make it what it is. This idea has been adopted by Organizational Behaviour and Development theorists to explain the complexities of the organization in contemporary society. Each organization is reviewed at multi levels - that of the individual, the department (team) and the organization (total). Using Aristotle's theory of the Holon, it can be understood that the Organization consists of separate parts, all unique in nature, but which come together to form a completely new, functioning entity different and more evolved than its separate components.
Aristotle taught that humans must have a function and this purpose must be led by the soul. It can be argued that contemporary organizational strategists such as Peter Senge and his theories on the "Learning Organization" have been heavily influenced by this idea. According to Senge an organization is:
"...a group of people who are continuously enhancing their capabilities to create what they want to create"
His focus on the individual to benefit the collective has been described as ahead of its time, yet as already noted his vein of thought is inline with Aristotle's teaching on personal virtues and ethics. According to Aristotle, virtue was to do with the proper functioning of a thing. An object or person is only as good as their function. Senge reasons that an individual's function must be explored and nurtured within the "Learning Organization".
"…organizations where people continually expand their capacity to create the results they truly desire, where new and expansive patterns of thinking are nurtured, where collective aspiration is set free, and where people are continually learning to see the whole together."
As with Aristotle in ancient Greece and now with Senge in contemporary society we see the concept of the "whole" is raised. One can conclude that the development of the self inline with the development of the collective must be the way forward for well functioning and successful business ventures. In fact, it is as true today as it was thousands of years ago.
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