Economic Influences
In the current budgetary environment, it is difficult to justify any increase in expenditures. In order to do this, especially to the public audience, it is necessary to offer a cost-benefit analysis. In the case of prison treatment and rehabilitation programs, there is a clear cost-benefit argument to be made.
When making an economic argument, trade-offs and opportunity cost are critical to understanding the issue. On one side of the economic ledger is the cost of the treatment and rehabilitation programs. These are known costs, and these are the costs that are included in the budget request. We know how much we want to spend on these programs. Yet, the idea that this simply represents new spending, with no trade-off, is entirely false. The trade-off is in ex-convicts who have lower recidivism rates, lower substance abuse rates, and who are more likely to be employable once they have exited the prison system.
Without treatment and rehabilitation programs, most inmates spend their prison time on unproductive endeavors. In many cases, addicts are unable to kick their addiction Part of this is because of the wide availability of drugs within the prison system, but...
Economic Influences John Keynes is one of the most influential economists largely due to his theory of Keynesian economics, which dealt with his modern macro-economic policies (Skorburg, 2009). His work is linked to the Great Depression, partly because he advocated public and governmental spending to base national economies on. His most celebrated piece of literature is General Theory. Adam Smith is the quintessential Age of Enlightenment economist who published Wealth of Nations
Why does GE finance poorly-rated airlines with its aircraft financing? GE benefits in three ways: (1) its lower cost of capital than the airlines means that it can charge a risk premium, and make more money on the airline debt, (2) it sells aircraft engines and, more critically, spare parts, which are the biggest long-term source of revenue for the company, and (3) the loans are well-collateralized. Even in
Starbucks has the potential to benefit from the improving economic conditions. The firm appeals to the mass market, selling a non-essential product. Sales of non-essential products suffer most during economic downturns. Furthermore, when there is a recovery, firms that sell items of a relativity low cost that are still perceived as 'luxuries' may benefit from even small increases in the level of disposable income (Kotler and Keller, 2011). A key
Omnivores Dilemma by Michael Pollan: Socio-Economic Influences of Vegetarian and Non-Vegetarian Diets Michael Pollan, in his book The Omnivore's Dilemma: A Natural History of Four Meals, discussed the social, economic, and geographic/environmental factors that influenced humanity's diets, of which eating both plants and animals -- an omnivorous diet -- is the predominant diet in most of today's societies. However, in the midst of this omnivorous diet is an emerging group of
E. D (0), the cost of fighting crime / proportion of corrections i.e. C (P0) and the crimes / social costs / negative impacts on to offender i.e. BBFO. These different elements are important, because the combination of them is helping us to understand the total impact of crime and punishment on the economy. As a result, these different factors are used in a basic formula to comprehend the effects of
Media Violence Blaming Social Violence on the Media Violence in the media has statistically increased in the last decade, yet incidences of societal violence have not risen along with it. This contradicts the claim by many that violence in television shows, the movies, video games, and music has greatly contributed to the depravity of those exposed to such violence, including children. While increased exposure to the media presents increased exposure to
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