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Relational Goods
Relational goods are non-material goods that can only be produced and consumed within groups, and which are intrinsically linked to relationships and interaction. Popular examples include the enjoyment of a football game in a stadium, where the collective enjoyment of the game adds a relational good in terms of excitement and enjoyment to all in the stadium. This constitutes an experience that cannot be had when watching alone. Other examples include group charity work, friendship or reciprocal love. Relational goods can be necessary for the optimization of an activity like the football game example. On the other hand, like Nussbaum suggest, a relational good may be the relationship in itself, with the good being dependent on the existence of the relationship. Friendships is an example of a relationship in which the value that come from the relationship are tied up in the existence and maintenance of the relationship. The essential point tends to consider relational goods as goods ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Parade In Hjoerring Denmark 2004 Ubt
A parade is a procession of people, usually organized along a street, often in costume, and often accompanied by marching bands, float (parade), floats, or sometimes large balloons. Parades are held for a wide range of reasons, but are usually celebration (party), celebrations of some kind. In British English, the term "parade" is usually reserved for either military parades or other occasions where participants Marching, march in formation; for celebratory occasions, the word procession is more usual. The term "parade" may also be used for multiple different subjects; for example, in the Canadian Armed Forces, "parade" is used both to describe the procession and in other informal connotations. Protest Demonstration (people), demonstrations can also take the form of a parade, but such cases are usually referred to as a march instead. Parade float The parade float got its name because the first floats were decorated barges that were towed along the canals with ropes held by par ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Utility
As a topic of economics, utility is used to model worth or value. Its usage has evolved significantly over time. The term was introduced initially as a measure of pleasure or happiness as part of the theory of utilitarianism by moral philosophers such as Jeremy Bentham and John Stuart Mill. The term has been adapted and reapplied within neoclassical economics, which dominates modern economic theory, as a utility function that represents a single consumer's preference ordering over a choice set but is not comparable across consumers. This concept of utility is personal and based on choice rather than on pleasure received, and so is specified more rigorously than the original concept but makes it less useful (and controversial) for ethical decisions. Utility function Consider a set of alternatives among which a person can make a preference ordering. The utility obtained from these alternatives is an unknown function of the utilities obtained from each alternative, not the sum of ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Positional Good
Positional goods are goods valued only by how they are distributed among the population, not by how many of them there are available in total (as would be the case with other consumer goods). The source of greater worth of positional goods is their desirability as a status symbol, which usually results in them greatly exceeding the value of comparable goods. Various goods have been described as positional in a given capitalist society, such as gold, real estate, diamonds and luxury goods. Generally any coveted goods, which may be in abundance, that are considered valuable or desirable in order to display or change one's social status when possessed by relatively few in a given community may be described as positional goods. What could be considered a positional good can vary widely depending on cultural or subcultural norms. More formally in economics, positional goods are a subset of economic goods whose consumption (and subsequent utility), also conditioned by Veblen-like pric ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Gross National Happiness
Gross National Happiness (GNH), sometimes called Gross Domestic Happiness (GDH), is a philosophy that guides the government of Bhutan. It includes an index which is used to measure the collective happiness and well-being of a population. Gross National Happiness Index is instituted as the goal of the government of Bhutan in the Constitution of Bhutan, enacted on 18 July 2008. History The advent and concept of "Gross National Happiness" (GNH) germinated in the mind of Bodhisattva Druk Gyelpo, the 4th King of Bhutan, Jigme Singye Wangchuk, groomed with the evolution of "Gaki Phuensum" (Peace and Prosperity) and the modernization period of Bhutan during the reign of Druk Gyelpo, the 3rd King of Bhutan, Jigme Dorji Wangchuk. The term "Gross National Happiness" as conceptualized by the 4th King of Bhutan, Jigme Singye Wangchuck, in 1972 was declared as, "more important than Gross Domestic Product." The concept implies that sustainable development should take a holistic approach toward ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
United Nations General Assembly
The United Nations General Assembly (UNGA or GA; french: link=no, Assemblée générale, AG) is one of the six principal organs of the United Nations (UN), serving as the main deliberative, policymaking, and representative organ of the UN. Currently in its 77th session, its powers, composition, functions, and procedures are set out in Chapter IV of the United Nations Charter. The UNGA is responsible for the UN budget, appointing the non-permanent members to the Security Council, appointing the UN secretary-general, receiving reports from other parts of the UN system, and making recommendations through resolutions. It also establishes numerous subsidiary organs to advance or assist in its broad mandate. The UNGA is the only UN organ wherein all member states have equal representation. The General Assembly meets under its president or the UN secretary-general in annual sessions at the General Assembly Building, within the UN headquarters in New York City. The main part of the ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Golden Age Of Television (2000s–present)
In the United States, the current Golden Age of Television (also known as Peak TV or Prestige TV) is a period widely regarded as being marked by a large number of "high quality", internationally acclaimed television programs. Named in reference to the original Golden Age of Television of the 1950s, the period has also been referred to as the "New", "Second", or "Third Golden Age of Television". The various names reflect disagreement over whether shows of the 1980s and early-mid 1990s belong to a since-concluded golden era or to the current one. The contemporary period is generally identified as beginning in 1999 with ''The Sopranos'', with some dispute as to whether the age ended in the mid-late 2010s or early 2020s, or remains ongoing. It is believed to have resulted from advances in media distribution technology, digital TV technology (including HDTV, online video platforms, TV streaming, video-on-demand, and web TV), and a large increase in the number of hours of available t ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Children Watching TV
A child ( : children) is a human being between the stages of birth and puberty, or between the developmental period of infancy and puberty. The legal definition of ''child'' generally refers to a minor, otherwise known as a person younger than the age of majority. Children generally have fewer rights and responsibilities than adults. They are classed as unable to make serious decisions. ''Child'' may also describe a relationship with a parent (such as sons and daughters of any age) or, metaphorically, an authority figure, or signify group membership in a clan, tribe, or religion; it can also signify being strongly affected by a specific time, place, or circumstance, as in "a child of nature" or "a child of the Sixties." Biological, legal and social definitions In the biological sciences, a child is usually defined as a person between birth and puberty, or between the developmental period of infancy and puberty. Legally, the term ''child'' may refer to anyone below th ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Life Satisfaction
Life satisfaction is a measure of a person's well-being, assessed in terms of mood, relationship satisfaction, achieved goals, self-concepts, and self-perceived ability to cope with life. Life satisfaction involves a favorable attitude towards one's life—rather than an assessment of current feelings. Life satisfaction has been measured in relation to economic standing, degree of education, experiences, residence, and other factors. Life satisfaction is a key part of subjective well-being. Many factors influence subjective well-being and life satisfaction. Socio-demographic factors include gender, age, marital status, income, and education. Psychosocial factors include health and illness, functional ability, activity level, and social relationships. People tend to gain life satisfaction as they get older. Factors affecting life satisfaction Personality A meta-analysis using The Big Five personality model found that, among the Big Five, low neuroticism was the strongest pred ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Money
Money is any item or verifiable record that is generally accepted as payment for goods and services and repayment of debts, such as taxes, in a particular country or socio-economic context. The primary functions which distinguish money are as a medium of exchange, a unit of account, a store of value and sometimes, a standard of deferred payment. Money was historically an emergent market phenomenon that possess intrinsic value as a commodity; nearly all contemporary money systems are based on unbacked fiat money without use value. Its value is consequently derived by social convention, having been declared by a government or regulatory entity to be legal tender; that is, it must be accepted as a form of payment within the boundaries of the country, for "all debts, public and private", in the case of the United States dollar. Contexts which erode public confidence, such as the circulation of counterfeit money or domestic hyperinflation, can cause good money to lose its value. ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
The Theory Of Moral Sentiments
''The Theory of Moral Sentiments'' is a 1759 book by Adam Smith. It provided the ethics, ethical, Philosophy, philosophical, Economics, economic, and Methodology, methodological underpinnings to Smith's later works, including ''The Wealth of Nations'' (1776), ''Essays on Philosophical Subjects'' (1795), and ''Lectures on Jurisprudence, Lectures on Justice, Police, Revenue, and Arms'' (1763) (first published in 1896). Sympathy Smith departed from the "moral sense" tradition of Shaftesbury, Hutcheson, and Hume, as the principle of sympathy takes the place of that organ. "Sympathy" was the term Smith used for the feeling of these moral sentiments. It was the feeling with the passions of others. It operated through a logic of mirroring, in which a spectator imaginatively reconstructed the experience of the person he watches:Smith, Adam (1872). Black, Joseph; Hutton, James (eds.). The Essays of Adam Smith' (6 ed.). London: Alex. Murry & Co. p. 9. Retrieved 21 Jan 2021. As we have ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Easterlin Hypothesis
The Easterlin hypothesis (Easterlin 1961, 1969, 1973) states that the positive relationship between income and fertility is dependent on relative income. It is considered the first viable and a still leading explanation for mid-twentieth century baby booms. The hypothesis as formulated by Richard Easterlin presumes that material aspirations are determined by experiences rooted in family background: he assumes first that young couples try to achieve a standard of living equal to or better than they had when they grew up. This is called "relative status". If income is high relative to aspirations and jobs are plentiful, it will be easier to marry young and have more children and still match that standard of living. But when jobs are scarce, couples who try to keep that standard of living will wait to get married and have fewer children. Children are normal goods once this influence of family background is controlled. For Easterlin, the size of the cohort is a critical determinant of ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Richard Easterlin
Richard Ainley Easterlin (born 12 January 1926) is a professor of economics at the University of Southern California. He is best known for the economic theory named after him, the Easterlin paradox. Another of his contributions is the Easterlin hypothesis about long waves of baby booms and busts. Early life and education Easterlin was born in Ridgefield Park, New Jersey, in 1926. He studied engineering at the Stevens Institute of Technology and graduated with a degree in mechanical engineering with Distinction in 1945. He then completed an MA in economics in 1949 and his Ph.D. in economics in 1953 both at the University of Pennsylvania.Richard A. Easterlin |
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