Essays on Economic Theory

Material possessions, from the humblest trinkets to the most opulent treasures, hold a profound place in human society. They serve as symbols of status, security, and self-expression. In this essay, we will delve deep into the multifaceted world of material possessions, exploring their role in…

 We remember Marx as a famous economist referring to his major work titled Das Kapital, or Capital. Marx promoted fundamental revolution in the economy. Hence, he is popularly associated with the economic systems of socialism and communism. What we must know that Marx was first…

A CBA is a helpful method because it indicates whether a project or which project should be undertaken, the project’s objectives are framed appropriately, a prior and after measures can be developed so as the project can be successful and the required resources to perform…

A CBA depends on and requires the calculation of the costs of operations, the total profit or return and building a considered project over its functional life-time as well as the suggested time-stream of profits expected to accrue from the project. These timelines of costs/expense…

Most of us have all watched Sunday night football and gotten riled up about our favorite team missing a pass. Or maybe it’s a tradition to always watch hockey on Thursday with your friends and family. What we don’t get to see is the players’…

In this article, the authors mention “Five interlinked transformations” as the main driving force that is shaping the production of food agriculturally in Asia – urbanization, dietary diversification, evolved food supply chains, advanced agricultural-related markets, and the transition to machine-led farm technology. It also evaluates…

The advocates of the locavore movement can extend from being just concerned about the number of miles the food traveled to being involved into the ethical value of their food including the production process which emits the most greenhouse gas according to the chart in…

Children are taught to never accept anything from strangers, the same could be said about the idea of locavorism. Locavorism is the antithesis of buying food from the behemoth grocery outlets. To fully understand locavorism, one must know what’s locavore is. A locavore is a…

Consumers worldwide shop at chain supermarkets blindlessly purchase products that are being imported from other locations beyond a hundred-mile radius. The main complications from importing foods are the adulteration and the added chemicals that are found in produce to maintain freshness as well as carbon…

Materialism “I can tell you, as I’m sitting here dying, when you most need it, neither money nor power will give you the feeling you’re looking for, no matter how much of them you have.” (Pg. 125) “But giving to other people is what makes…

We are living in a world where it is more important to own an iPhone 11, than to have a plate of food in our homes. Lars Eighner and Anna Quindlen have both written personal essays about consumerism and materialism. In Eigner’s personal essay “On…

The Gap, Inc. is a worldwide apparel retail company. The company offers products for men, women, and children in the departments of apparel, accessories, and personal care. The company has 6 brands: Old Navy, Gap, Banana Republic, Athleta, Intermix, and Hill City. Their apparels include…

What is Consumer Ethnocentrism? The more general concept of ethnocentrism stems from ethnocentrism of consumers. Ethnocentric individuals see their group as being superior to others. From their own perspective, they view other groups and decide to reject different groups and accept similar ones. Ethnocentrism of…

Introduction From first glance, American society during the mid-1900s was one of a new found creativity and pop culture. After the struggles of the Great Depression and World War II in the 1930s and 1940s, people in the U.S. found a relief in the new…

New Type of Culture Born in 1928, most of Andy Warhol’s adult life was spent during the years of an economic bomb and the growing cultural of mass production and consumerism. After World War II, the way production was conducted changed forever with faster and…

American’s have become so materialistic that they have lost touch with what really matters in life. Understanding why we think the more stuff we acquire, the happier we will be is truly puzzling. We work long hours to not only pay for the essential things…

We all want big paychecks, big cars & big houses. We want everything and we want it more, but have you ever thought what the limit is? Where it all stops? What is the end? How much is enough? Let me start answering this profound…

Herbert Marcuse, a renowned German-American philosopher, sociologist and political theorist, had produced a multitude of essays and theses that reflect on his perception of the world he’s experienced. Marcuse was an avid supporter of the left in politics and he often criticised capitalism in his…

Aging Effect Kotler & Keller, (2009) discuss that age often determines what type of food, clothes, music and recreational activities consumers like. Mode of purchase among teenagers, youth and aged respondents is dominantly individual. Among the middle aged the practice of purchasing with spouse is…

Background Due to technology advancement, it had revolutionised the way information is presented to us. Now, we rely heavily on digital media social platform such as Facebook and Instagram for information. As such, there is tremendous amount of information being shared on social media platforms….

Humans seek balance throughout their lives, both physically and mentally in order to find comfort. This is our reality. You may never have the whole of one without, at the very least, the part of another, otherwise, there is imbalance. You may never have light…

The average American sees or hears 4,000-plus ads per day” (Sanders). Every day millions of people are on some form of social media, such as Facebook or Instagram, and they often see advertisements that typically persuade that person to buy one of the latest gadgets….

Daily people come back home drained, exhausted from work. Students are arriving back from a lengthy day at school, only because they need to do well to get a job.A job is required in order to sustain people’s expenditure. They work, to spend money, only…

Research Questions The theoretical concerns of the article apply to all understudies and emerging aspects of political participation. The study concentrates on a component of political engagement that is methodically excluded: political consumerism. Regardless of the present increase in political consumption activities, little is evident…

Cognitive dissonance is the unpleasant state of tension that takes places when there are two inconsistent thoughts or perceptions (Zimbardo, Johnson, & Hamilton, 2014). This would usually result in a conflict of attitudes and behaviour (Hockenbury & Hockenbury, 2012) and it is something we have…

The rapid changes in the fashion industry are influencing fashion consumerism in innumerable ways and the findings are supporting the point of influence of culture on fashion in today’s world is more than compared to previous decades and is increasing more and more for various…

American sports have been a central focus for entertainment since they became sensationalized during the 1920s after the conception of the radio. This medium of information exchange helped market such sporting events on a national scale. Since then, consumers have fallen in love with sports…

Various individuals around the world believed that advertising towards youngsters is just another normal phenomenon. However, what they do not know is that a lot of mental and physical issues are being raised. A major issue with some of these advertisements is that they have…

Abstract TV advertisements often encourage consumers to simulate their preferences & behavior according to the simulated advertisement expose to them. It is essential to know whether consumers attract towards products through image focused strategy or by product focused strategy, Research will be dependent on primary…

In my previous essay, I concluded that television is an unavoidable phenomenon in this technologically advanced world of ours and that we are just going to have to accept that. However, after additional research on this topic, I came across several issues vis-a-vis television use…

Thoreau appears to write with a stronger stance on opposing materialism and conforment; I consequently tend to disagree with him more compared to Emerson. I personally believe that material objects are vital to a fulfilling, efficient life and are a sign of success; one is…

Location is a major determinant in the success or failure of any enterprise. A wise location choice is not just strategically important but also carries a long term competitive advantage associated with it. The major reason of this study is to recognize the impact of…

Kahneman & Tversky (1974) identified heuristics as systematic biases in financial investment-decisions. Patrick & Charles (2011) said that people frequently rely on rules of thumb or heuristics rather than rational analysis to evaluate risks in face of uncertainty. Trivers (1985) raised this point that the…

Past, Present and Future of Facility Design Healthcare consumerism and the advancing technology have brought a significant influence on facility design. Consumerism in health care refers to the act of transforming the health benefit plan of the employer into one that promotes, protects and prioritizes…

The Great Gatsby: An Analysis In the 1920s many Americans began using credit, and buying and becoming very materialistic, and losing their spirit and identity. In F. Scott Fitzgerald’s The Great Gatsby the characters are all engulfed in the world of materialism, and believe that…

American Consumerism In August Wilson’s play, The Piano Lesson, his characters dance with the memories of a ghost, and flirt with thoughts of murder and theft, as Wilson dramatizes the nature of the cultural depiction of a family in 1936’s Pittsburg. Through Wilson’s common, yet…

This assignment will focus on consumerism, industrialization and social change in Britain during the eighteenth century. The focus on consumerism will be the pleasure gardens of eighteenth century Britain, in particular Vauxhall, London. For industrialization, it will be the work of Josiah Wedgwood and the…

Materalism and Idealism Materalism and Idealism are two philosophical ideas that have provided more questions than answers in the interim of the universe and the birth of our world. Materialism pits the mind’s focus on the so-called ‘real’ and tangible things of this Earth; those…

Have you ever ask yourself if what you have define who you truly are? Most people have asked themselves this same question over and over. Materialism as Twitchell says in his essay “Two Cheers for Materialism” is not always bad, but to me it depends…

The writers Schor, Marx, and Streeck all focus on the consumerism of society yet they all have different aspects to what they feel must be emphasized to fully understand the plaguing concept of consumerism in our society. Streeck makes the argument that consumerism is largely…

John Mayer Keynes- Consumerism Every year Americans grow more and more materialistic. We judge each other based on how much money we have, or by how much stuff we have. Who has the nicest house? Who has the better car? We have become these horrible…