Nobody downloaded yet

Political economy midterm - Essay Example

Comments (0) Cite this document
Summary
The primary focus of ontology is to answer questions concerning entities that exist or those that can be said to exist. The concept also studies the grouping of the existing entities and their relationships within a hierarchy…
Download full paperFile format: .doc, available for editing
GRAB THE BEST PAPER97.2% of users find it useful
Political economy midterm
Read TextPreview

Extract of sample "Political economy midterm"

Download file to see previous pages The basic classes of ontology available include upper ontology, process ontology, domain ontology, and interface ontology.
Ontology focuses on status of reality, which can either be dependent or independent. Independent reality implies that reality does not depend on human interpretation2. Human beings have their own ways through which they interpret various aspects affecting their lives; when their interpretation of life does not determine the definition of reality, philosophers refer to that type of reality as independent reality. Dependent reality, on the other hand, implies that the meaning of reality depends on how human beings interpret the state of being. In this case, human beings are the determinants of how reality is interpreted.
Positivism, as a philosophy of science, posits that the exclusive source of knowledge constitutes information derived from logical and mathematical studies plus the reports of sensory experience. According to the positivists, exclusive knowledge must be based verified data derived from empirical evidence. Empirical evidence refers to facts derived from scientific research as opposed to hearsay. Schroeder and Chester contend that positivists believe that the society operates according to general laws, just like the physical world3.
Positivism subscribes to the belief that the study of the social world is similar to the study of the natural world. The natural world actually exists and its study depends on clearly observable features. Positivists believe that it is possible to understand the casual mechanisms characterizing the political economy just as it is done in physical sciences (Horwitz and Koppl 32)4. The primary objective of positivism science is to discover the universality of the aspects under investigation. For example, if positivists want to understand causes of poor economic performance, they focus on the ...Download file to see next pagesRead More
Cite this document
  • APA
  • MLA
  • CHICAGO
(“Political economy midterm Essay Example | Topics and Well Written Essays - 2250 words”, n.d.)
Political economy midterm Essay Example | Topics and Well Written Essays - 2250 words. Retrieved from https://studentshare.org/e-commerce/1692757-political-economy-midterm
(Political Economy Midterm Essay Example | Topics and Well Written Essays - 2250 Words)
Political Economy Midterm Essay Example | Topics and Well Written Essays - 2250 Words. https://studentshare.org/e-commerce/1692757-political-economy-midterm.
“Political Economy Midterm Essay Example | Topics and Well Written Essays - 2250 Words”, n.d. https://studentshare.org/e-commerce/1692757-political-economy-midterm.
  • Cited: 0 times
Comments (0)
Click to create a comment or rate a document

CHECK THESE SAMPLES OF Political economy midterm

Political Economy of Media

...? Political Economy of Media Does the technological revolution change the basic rules of media economics? The technological advancement in the 21st century has had a positive impact on the media economics. A study carried out in over 200 European cities shows that the economic growth was higher in the cities that embraced technology. The era we are in now is marked by globalization technological revolution and democratization, all these areas in one way or another impact media and communication. McChesney observes that the technological revolution does play a defining role in the media industry. He also looks at the economic and cultural globalization and their relation with the global commercial market...
9 Pages(2250 words)Essay

Global political economy

...?Introduction Considering a thorough review is made of the global political system, only a handful of definitions are available with which to fully describe it. These definitions are as follows: imperialistic, polyarchic, or aristocratic. Conversely, currently there are many forms of governance that exist, from a high level of democracy to its complete antithesis – a controlling and repressive dictatorship. All systems of global governance have to integrate with one another at some level in order to achieve certain key goals. I take the stance that the current system of governance displayed within the world is represented as captialist imperialism. Accordingly, this analysis will seek to provide answers on the following subtopics... ....
8 Pages(2000 words)Essay

Political Economy

...What does the 'political economy' approach to the study of the Creative and Cultural Industries involve What are its advantages and disadvantages Introduction The world economy in general and the national economies in particular, in twenty first century, are more or less dominated by post-industrial knowledge-based exchanges. Primary production or manufacturing is becoming decreasingly important sectors of the postmodern economy. The importance of cultural industry is not merely limited to its economic capabilities (which is, of course, relatively strong); but also to the prominent role it has on the making and unmaking of peoples' identities,...
15 Pages(3750 words)Essay

Political Economy

...INTRODUCTION: In this essay, I am going to look at some of the major economic theories and their assumptions especially on the need and role of government action or involvement in the economy. This analysis is based on a review of john Freebairn of the Australian car manufacturing industry. Markets are generally a system of social arrangements that allow people to gain information regarding goods and services. In addition, markets provide a framework where people voluntarily exchange their goods and services for an agreed compensation. ANALYSIS: In analyzing the Australian manufacturing industry, Freebairn uses a combination of the Keynesian and the neoclassical theories to drive his point home. The Keynesian theory,...
2 Pages(500 words)Essay

Political economy

...Political economy: Assess the arguments for and against total debt relief. Taking all the points of view under consideration, do you think highly indebted countries should be granted full debt relief? The problem of Third World Debt has been a talking point in international political meetings for more than half a century now. The new world order that had emerged with the end of Second World War had divided the world into three distinct political groups. The first was led by the United States and its allies, the second comprised of the former Soviet Union nations and the rest belonged to the Third World – a conglomeration of economically and politically...
8 Pages(2000 words)Term Paper

Political Economy

...and at the same time influencing an increased focused on Environmental pollution. The increase in recession and population growth has had a trickledown effect and things have been getting worse as time has gone by. The primary focus of this thesis will be the effects recession and population growth have on triggering income inequality as well as environmental pollution. Financially, the last decade or so has been a debacle for most countries around the world. The term recession has posed as a pest for most economies and has derailed the massive progress the world was making. Money was being flown out of the economic system that was being injected into it. Supplies were not meeting demands and inflation reached its...
6 Pages(1500 words)Essay

Political economy

...POLITICAL ECONOMY Introduction Economics is a large and complex term that describes how individuals, groups, institutions and the government at large make decisions on allocation of limited resources to several competing wants. In any economy, there are always many competing wants from citizens, which the state is mandated to fulfill effectively, however, in their bid to fulfill this needs, they are always confronted by few and unlimited resources, for this reason, a choice steps in (Gregory & Stuart 2013 35). Economics has several branches that that deal with how this important economic question is answered in the fields that they represent. Political Economics According...
7 Pages(1750 words)Essay

Global economy Midterm Review Questions

...the average income gets to a certain point. This is not an empirical reality because environmental protection is not solely depended on economic growth but on government policies. These policies affect environmental degradation, and not the growth in incomes. Additional Question Corrupt leaders and irresponsible bankers are as a result of the choices people make in a country. The price of these two lies on the country as a whole, and the price are paid by all. Unfortunately, in the modern globalized economy, the effects of corrupt leaders and irresponsible bankers pour down to other countries as well. This is a price we all have to pay. Works Cited Pietra Rivoli. The Travels of a T-Shirt in the Global...
2 Pages(500 words)Assignment

Political Economy

...Political Economy Nash equilibrium In the first game, player s best response is in UL where he gets 3 pay offs. This is his best response since3>2. At the same instance, player B has his best response of 4 payoffs (4>3 and 3>2). In the second game. At the same point (UL), both players have their best responses. For player 1, 3 payoffs (3>2) while for player 2, 4 payoffs (4>0). Nash equilibrium exists when player 1’s best response is the same as that of player 2. At (UL), both players have their best responses. 2. Condorcet winner and loser Following these election results, candidate A is the Condorcet winner. This is because in the two instances that A is the preferred candidate (ABC and ACB), the...
2 Pages(500 words)Assignment

Political Economy

...Topic: POLITICAL ECONOMY Historically, the United s of America had the responsibility of dictating the rates of tariffs on goods brought to the country. The tariffs played a key role because it was among one of the main contributors of the government revenues. The congresses participated in serious debates in order to harmonize the rates of tariffs as it favored traders from a particular religion. The head of state was also assigned the responsibility of coming up with trade agreements and policies with other trading partners using his political influence. However, there were two landmark legislations that revolutionized the laws that guided trade in the United States of America. In 1930...
5 Pages(1250 words)Essay
sponsored ads
We use cookies to create the best experience for you. Keep on browsing if you are OK with that, or find out how to manage cookies.

Let us find you another Essay on topic Political economy midterm for FREE!

Contact Us