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A moral relativist who claims that you should act according to the laws in whatever country you are a citizen of, accepts all three claims: moral facts express propositions that can be true or false (you can see if a given action is against the law or not), some moral propositions are true (some actions abide by the laws in someone's country ...
The law states that any circulating currency consisting of both "good" and "bad" money (both forms required to be accepted at equal value under legal tender law) quickly becomes dominated by the "bad" money. This is because people spending money will hand over the "bad" coins rather than the "good" ones, keeping the "good" ones for themselves.
Philosophical value is distinguished from economic value, since it is independent from some other desired condition or commodity. The economic value of an object may rise when the exchangeable desired condition or commodity, e.g. money, become high in supply, and vice versa when supply of money becomes low.
As money and transactions increase, the independence of an individual decreases as he is drawn into a holistic network of exchange governed by quantifiable monetary value. Paradoxically, this results in greater potential freedom of choice for the individual, as money can be deployed toward any possible goal, even if most people's sheer lack of ...
According to Aristotle, how to lead a good life is one of the central questions of ethics. [1]Ethics, also called moral philosophy, is the study of moral phenomena. It is one of the main branches of philosophy and investigates the nature of morality and the principles that govern the moral evaluation of conduct, character traits, and institutions.
Allegory with a portrait of a Venetian senator (Allegory of the morality of earthly things), attributed to Tintoretto, 1585 Morality (from Latin moralitas 'manner, character, proper behavior') is the categorization of intentions, decisions and actions into those that are proper, or right, and those that are improper, or wrong. [1]
Typos can do more than damage the credibility of a publication. Penguin books in Australia recently had to reprint 7,000 copies of a now-collectible book because one of the recipes called for ...
At the most basic level, this Ricardian law of value specified "labor-content" as the substance and measure of economic value, and it suggests that trade will—other things being equal—evolve towards the exchange of equivalents (insofar as all trading partners try to "get their money's worth"). At the basis of the trading process is the ...