1. Compare and contrast the theories of the firm developed by Alchian & Demsetz and Hart. Property rights is the focus of Alchian and Demsetz’s Theory of the firm‚ it considers the possibility that‚ when output is commonly shared‚ individuals faces the incentive to shirk as it is often difficult to observe individual output‚ and the consequence of shirking is bared by all members of the team. Hence monitoring and supervision is required in team production. Given the cost of monitoring and supervision
Premium Transaction cost Economics Cost
January 2001 Explain the theory of Natural law (25 marks) The theory of natural law originates from Aristotle’s idea of goodness as fitness for purpose and stoic’s concept of a universal law of reason which is in agreement with nature. What we now call human nature. This point is then furthered by Aquinas who agrees with the argument but furthers it by linking it with his Christian belief by saying following this law is equivalent to following the command of God as human nature is in us inbuilt
Premium Natural law Thomas Aquinas Meaning of life
Kevin Hart is my favorite celebrity . I choose this person because he’s funny and he plays in movies. He is a short person and does have a muscular body. You would think someone like him that small wouldn’t have muscles‚ but there not just for athletic people. At all ages you can have muscles or be in good health when you’re really active and have the appropriate habits for it. I think his body type is Mesomorph. I think his is this because he does play basketball and did swimming like
Premium Film English-language films Personal life
Austin Inspiration I will be the first to admit that in all of my years of swimming at Barton Springs‚ I never took a good look at Philosopher’s Rock until recently. I’ve absentmindedly passed by the statue more times than I can count on my fingers and toes‚ not once stopping to read the inscription on the stones around it. The sculpture has always been at the entrance of the pool‚ a constant during visits with my family when I was younger‚ with hometown friends during college visits years
Premium Stone Left-wing politics Right-wing politics
humanity’s true nature. I will argue that the novel is a tool to show this and that although today we do not value qualities such as sense and propriety‚ modern society have there own key words which function in the same way. The characters within Jane Austin are representations of a concept that is presented to the reader. The characters start by representing two juxtaposing states that are raw and unchallenged‚ throughout the novel both sisters embrace parts of each others character. Elinor represents
Premium Sense and Sensibility Jane Austen Sociology
the connotations of words on the consciousness (and their combinations and interplay in metaphor on the basis) than I am interested in the preservation of the logically rigid signification at the cost of limiting my subject matter and perceptions. --Hart Crane Is life really full of logicality? Visualize yourself in a world where everything made "logical" sense. There is no creativity and individuality. "Oh‚ you cannot do that‚ it does not make logical sense!" Who cares? We‚ the people of this
Premium Philosophy Logic Mind
Mission Command Paper Operation Market Garden: Battle of Arnhem With German forces on the run following the Allied success at Normandy and the breakout and pursuit across France‚ Allied forces were staged to enter Germany in late summer 1944. Both Field Marshal Montgomery and General Bradley clamored to be given the priority of effort. General Eisenhower chose Montgomery’s Operation MARKET GARDEN as the plan for action. It called for airborne forces to open the route for a ground force
Premium
DUTY PERFORMANCE: SSG Austin‚ great job on preparing PFC Dalomba to give a Tactics Tuesday class to the 63 personal of the 727 EACS crew. You volunteer to move to day-shift ADAFCO to assistance and execute the AMDEX. SSG Austin‚ you were assigned to work with the Senior Director‚ Mission Planning Cell (MPC) and Training Cell to develop and refine contracts‚ dry rehearsal and floor setting in area two of Kingpin for the AMDEX. LT Hicks of the MPC told me your where very respectful and professional
Premium United States Army United States Marine Corps Non-commissioned officer
Assessment of the particular “client”. The Austin Community located on the Westside of Chicago is plagued by a series of problems involving African American youth between the ages of 7-17. One of the problems is that many of these youth participate in gang affiliation‚ drug use‚ crime‚ unhealthy eating habits and sexual habits‚ gang and domestic violence‚ abuse‚ bullying‚ teen pregnancy and the list goes on. Another major reason why the Austin area is plagued by some many social concerns is due
Premium High school Education School
The Challenge of Command: US Army COL Roger H. Nye‚ New Jersey‚ Avery Publishing Company‚ 1986. A compilation of ideas and lessons learned during the author’s military career. He infers reading military events facilitates a leaders understanding of success and failure. Eight categories emphasize the authors point. In chapter one titled visions of our military selves‚ focuses on a lieutenant reporting to his first military unit. The author interviews Army Brigade Commanders including Colonel
Premium Army Soldier Brigade