There are two questions. I need to analyze and give my opinion - Research Paper Example

Download file to see previous pages... Economic theory covers the four major fields of human society i.e. consumption together with aggregation, household production and the choices concerning investments to be made over the time, uncertainties, the influence of competitive equilibrium over crime, social interactions, economic growth, etc. and lastly the imperfect competitions like monopoly (Becker). Economic theory has a great significance in forming a sound social order. There is nothing eccentric and strange about its place in the social life of humans. Rather it is highly applicable and provides solutions to many problems(Wellington 384-388). Considering the given scenario in the light of economic theory, the basic commonalty that I have identifiedis that they both are the result of consumption and aggregation issues on the micro economic level. In both the situations Sam Slime has exploited the victim.However, in the first scenario he has used the usual criminal tactics of robbing and therefore he got trapped by the police but in the other situation he used the political influence so as to get hold of his hidden motives. As stated in the economic theory the fundamental force behind the criminal activities is the competitive equilibrium which indicates that the fluctuation in the market prices of fundamentally required commodities effected the overall consumption of Sam Slime.This enabled him to indulge into such criminal acts while on the other hand his social interactions withpoliticians helped him to achieve his evil desires. In the second situation he benefitted from the poor political structure prevailing in the country. He just simply became a loyal supporter of the politician who then imposed tax over the victim so as to get $50 from him which was eventually given to Sam Slime.Research indicates that in a consumer-capitalist society prevalence of justice is comparatively difficult than other social systems. Irremediable acts such as the one committed by Sam Slime are a consequence of conventional economic theory and overall unethical practices(Trainer 7-23). Stealing money using any means is not only a criminal activity rather it is also a highly unethical conduct. However, when such an act is committed using the laws and political influence than it causes greater damage which is the most significant difference in both the situation. In the first case, Sam Slime robbed $50 though it was the only amount left with the victim.Yet it was not that detrimental for him as he was able to save his life by giving the money.But in the second case when he refused to pay the tax so as to keep safe his $50, he was caught up by the police and was convicted for law violation although his act was completely justified. This indicated that theft done on the national level or through the use of political influence as in the given scenario produces much more detrimental consequences. Is stealingthrough the political process any less morally reprehensible than stealing done individually? Ethics are the fundamental driving forces of human life whose absence might lead to irreparable consequences not only for the individual but also for the people around him. Ethics are responsible for the rational humanactivities and also to keep humans far away from offense (Bruno). Stealing is yet another criminal act which is condemned legally, morally and socially. However when it is correlated with the political process then it is slightly difficult to analyze its moral status. In ...Download file to see next pagesRead More