Institutions
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Tarun Khanna, Professor at Harvard Business School, highlights the ability of entrepreneurs to provide solutions to social problems by telling the story of a cardiac hospital in India. Khanna points out that the founder, a cardiac surgeon and entrepreneur, has been able to achieve incredible results unmatched by private or public institutions around the world by rethinking the scale on which healthcare is delivered. Khanna emphasizes that...more
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If we don't recognize that the unequal distribution of wealth is unsustainable, then, perhaps, says author David Rothkopf, more sinister political tensions and divisions will ensue. He advocates that the planet needs to reflect upon why we have one set of rules for our geographic community, and a different set of rules for institutions, among them the for-profit sector. Only when we hold the powerful players in economics responsible for...more
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The Epistle of Jude can be dated to somewhere during post-apostolic Christianity and before the formation of the Canon. It refers to the apostles as representing a prior generation, yet it quotes from texts later excluded (perhaps, for example, by 2 Peter) from the Canon. The letters of Ignatius of Antioch contain evidence of a move toward the institutionalization of early Christianity. It mentions, for example, three different church...more
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Knowledge of historical context is crucial to understanding the New Testament. Alexander the Great, in his conquests, spread Greek culture throughout the Mediterranean world. This would shape the structure of city-states, which would share characteristically Greek institutions, such as the gymnasium and the boule. This would also give rise to religious syncretism, that is, the mixing of different religions. The rise of the Romans would...more
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Central Banks, originally created as bankers' banks, implement monetary policy using their leverage over the supply of money and credit standards. Since the Bank of England was founded in 1694, through the gold standard which lasted until the 1930s, and into modern times, central banks have pursued monetary policy to stabilize the banking system. Central banks monitor currency flows and inflation, acting when crises, such as bank runs,...more
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Most people are not very good at dealing in financial markets. Professional money managers, such as financial advisors and financial planners, assist individuals in matters of personal finance. FINRA and the SEC monitor the activities of these managers in order to protect individual investors. Mutual funds, exchange traded funds also exist to assist individual investments, and pension funds provide further services. These investment...more
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Banks, which were first created in primitive form by goldsmiths hundreds of years ago, have evolved into central economic institutions that manage the allocation of resources, channel information about productive activities, and offer the public convenient investment vehicles. Although there are several types of banking institutions, including credit unions and Saving and Loan Associations, commercial banks are the largest and most...more
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This course is intended as an introduction to political philosophy as seen through an examination of some of the major texts and thinkers of the Western political tradition. Three broad themes that are central to understanding political life are focused upon: the polis experience (Plato, Aristotle), the sovereign state (Machiavelli, Hobbes), constitutional government (Locke), and democracy (Rousseau, Tocqueville). The way in which...more
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"Professor Lynn Hunt lectures in this course which covers a broad, historical study of major elements in Western heritage from the world of the Greeks to that of the 20th century, designed to further beginning students' general education, introduce them to ideas, attitudes, and institutions basic to Western civilization, and acquaint them, through reading and critical discussion, with representative contemporary documents and writings of...more
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This is an introduction to the political views of Thomas Hobbes, which are often deemed paradoxical. On the one hand, Hobbes is a stern defender of political absolutism. The Hobbesian doctrine of sovereignty dictates complete monopoly of power within a given territory and over all institutions of civilian or ecclesiastical authority. On the other hand, Hobbes insists on the fundamental equality of human beings. He maintains that the state...more
