Essays for economics

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China’s oldest mathematical text invokes astronomy and divine kingship in its very title – The Arithmetical Classic of the Gnomon of the Zhou . The title’s inclusion of ‘Zhou’ recalls the mythic Eden of the Western Zhou dynasty (1045–771 BCE), implying that paradise on Earth can be realised through proper calculation. The book’s introduction to the Pythagorean theorem asserts that ‘the methods used by Yu the Great in governing the world were derived from these numbers’. It was an unquestioned article of faith: the mathematical patterns that govern the stars also govern the world. Faith in a divine, invisible hand, made visible by mathematics. No wonder that a newly discovered text fragment from 200 BCE extolls the virtues of mathematics over the humanities. In it, a student asks his teacher whether he should spend more time learning speech or numbers. His teacher replies: ‘If my good sir cannot fathom both at once, then abandon speech and fathom numbers, [for] numbers can speak, [but] speech cannot number.’

The abuse faced by developing countries at the hands of MNCs has now become almost unbearable. The international financial structure that accentuates the free market way of thinking, denationalization and a decrease in the involvement of the public sector is thwarting many developing and underdeveloped countries from sanctioning a fair and reasonable progress, on the basis of human rights. MNCs have uncountable funds, are only inclined to maximize profit, use the least amount of employees possible, jump from nation to nation without much consideration , import employees rather than using the local labor, and refuse to acknowledge the social requirements of the state they operate in. All these activities directly impact the socio-economic rights of the public. As a consequence of these elements and several other international monetary problems such as inadequate technology transmission, absence of external investment and the brain drain, various developing countries need guidelines in order to react efficiently to the circumstances. [6]

Essays for economics

essays for economics

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