American economist Franco Modigliani and Merton H. Miller published The Cost of Capital‚ Corporation Finance and the Theory of Investment (Hereafter MM theory); a paper presented the initial MM theory‚ which states that under a certain market price process‚ in the absence of taxes‚ bankruptcy costs‚ and asymmetric information‚ and in an efficient market‚ the value of a firm is unaffected by how that firm is financed. It does not matter if the firm ’s capital is raised by issuing stock or selling
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would expect this when there are men and women speaking their views during enlightenment. Of course‚ the men see women as objects to look good for them while requiring no education or the ability to reason. In 1751‚ Jean Jacques Rousseau in A Critique of Progress‚ answers the question‚ “Has the reestablishment of arts and sciences contributed to purge or corrupt our manners”. (p 363) In response he found the answer to be no‚ as he saw these advances as corrupting man’s goodness and human morals
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Adam Smith When Adam Smith wrote his famous 1776 treatise‚ he called it An Inquiry into Nature and Causes of the Wealth of Nations. Some have taken this as indicating that he was concerned primarily with economic growth. In this way‚ Smith moved away from the Cantillon-Physiocratic system which concentrated on "natural equilibrium" of circular flows‚ and brought back into economics what had been the Mercantilists’ pet concern. Smith posited a supply-side driven model of growth. Succinctly we
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Letters of John and Abigail Adams? are a refreshing eye-opener in contrast to the stereotypes and expectations of their day. After reading the correspondence of John and Abigail‚ a new light is brought upon their relationship and it reveals not only a loving and committed couple‚ but lets the reader view through a window in an important time in America?s history. In a time when women were considered second class citizens and put without a formal education‚ Abigail Adams was an exception. Her father
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As discussed by Kloss ( )‚ the Temptation of Adam and Eve‚ by Masolino (1424-25) and the Expulsion of Adam and Eve‚ by Masaccio (1425-28) are two of the frescoes in a series commissioned by the wealthy silk merchant‚ Felice Brancacci in the Brancacci Chapel‚ in the church of Santa Maria del Carmine in Florence. The subject matter of the cycle is the life of Saint Peter‚ speculatively as honoring the first Pope‚ Peter and “significantly‚ this family chapel had been founded in the late fourteenth
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Comparing Ethical Theories ETH/316 January 1‚ 2012 Comparing Ethical Theories Ethics is a philosophy that studies morality. Principles of doing right and wrong are inspired by ethical theories such as virtue ethics‚ utilitarianism‚ and deontology. Virtue Ethics Virtue is synonymous with quality. Virtue ethics‚ known as character ethics‚ is a theory based upon the qualities of goodness and quality. A person who subscribes to virtual ethics believes they should live their life should be
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Cloud & Townsend Theory Critique Jeremy Andrews Liberty University‚ February 17‚ 2014 Summary In the book Boundaries In Marriage: Understanding the Choices that Make or Break Loving Relationships‚ authors Henry Cloud and John Townsend (1999) help the readers develop an understanding of healthy boundaries in the marital relationship. The book begins with an introduction and what it calls a refresher of a previous book published by the authors on boundaries. The
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Comparing Ethical Theories Several ethical theories are available for study‚ while there are differences among them there are also many similarities. This paper will discuss the similarities and differences in Virtue Ethics‚ Utilitarianism‚ and Deontological ethics. Virtue ethics are based on what is meant to be good. A person is of good moral character after a lifetime of habits that lead to excellence (Boylan‚ 2009). Virtue ethics are composed of standards accepted by the community
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Comparing Ethical Theories Joseph Spor ETH/316 May 28‚ 2012 Ralph Hutton Comparing Ethical Theories The philosophy of ethics has been studied and debated for many centuries. While there are varying definitions of ethics‚ many who study the topic would agree that ethics can be described two ways. First‚ ethics can be considered to be the standards of right and wrong that outline what a human being ought to and ought not to do. In other words‚ they are the standards that tell us to be honest and
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Theory Critique 2 - Anderson Anonymous Graduate Student Liberty University Theory Critique 2 – Anderson In what proves to be a compelling presentation of the journey to spiritual freedom‚ Dr. Neil T. Anderson (2000) presents his theory of how one may be liberated from negative thoughts‚ irrational feelings‚ and habitual sins in his book‚ The Bondage Breaker. Anderson (2000) suggests the cause of a majority of problems which are discussed within the walls of a counseling
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