Pachelbels Canon Essay Example for Free

Pachelbels Canon Essay In what people consider as classical music, there are different eras of music, two in particular that deserve a closer look are the Baroque Period and the Classical Period. The two different styles, or eras, are very close in what the untrained ear. Listening to the two different eras at first it was difficult hear a distinct difference between the two eras of music. In the Baroque Era music like Bach’s Water Music, Handel’s Messiah and Pachelbel’s Canon are soft rhythmic pieces generally with smaller ensembles of instruments, the focus on strings in the music and was generally written between 1600 and the 1750’s (Differences 2011). In the Classical Era such as Haydn’s String Quartet, Mozart’s Symphony no. 40 and Beethoven’s Symphony no. 5 the music is a little more chaotic and not as in tune with the other pieces. Classical pieces also tended to be larger orchestras that focused more on the winds and brass, even though strings were still part of the group. The music is generally considered to from 1750’s to the 1820’s (Differences 2011). Two pieces of music that are good to compare from the eras is Pachelbel’s Canon and Beethoven’s Fifth Symphony. Pachelbel’s Canon is a very peaceful, rhythmic and melodic piece of music that is soothing to ear and is escape music, it has the power to take the listener and transport, or escape them from where they are at. Canon has been used in advertisements as well as a wedding song, which is what is most known for this day is as a processional piece of music. Beethoven’s Fifth is another popular and well known piece, Beethoven uses the whole orchestra and the piece rises and lowers throughout the piece in its different movements. Pachelbel’s Canon is more of a peaceful piece; this piece is more violent and chaotic. Beethoven has described the opening notes, some describe as s-s-s-L, as â€Å"Fate knocking on your door† (Beethovens 5th). The piece is instense and from the beginning there is a sense of intensity and drama that carries throughout the piece. The two subject pieces are hard to relate to today’s music other then Pachelbel’s Canon is more of a love song, or perhaps a comparison to Enya in that in melodic and peaceful. Beethoven’s Fifth is more of your Hard Rock, or a Rap song that is intense and as a story to tell in the piece.

Becoming a CPA Essay -- Essays Papers

Becoming a CPA Becoming A Certified Public Accountant (CPA) What is a CPA? These three letters mean that you have received a broad-based education. They mean you have passed all parts of a very difficult exam. They mean you have the knowledge, skills and abilities to be a trusted business advisor to your clients or employer. They mean you feel comfortable with the latest technology. They mean you are an ethical individual who can provide an independent analysis. CPA’s are many things. They are chief financial officers for Fortune 500 companies and advisors to small neighborhood businesses. They work for large and small public accounting firms. They are well-respected strategic business advisors and decision-makers. They act as consultants on many issues, including taxes and accounting. To become a CPA you need to meet the requirements of the state or jurisdiction in which you wish to practice. These requirements, which vary from state to state, are established by law and administered by the state boards of accountancy. To qualify for certification, you must: ï‚ · Complete a program of study in accounting at a college/university. The American Institute of Certified Public Accountants (AICPA) recommends at least 150 semester hours to obtain the common body of knowledge for becoming a CPA. ï‚ · Pass the Uniform CPA Examination, which is developed and graded by the AICPA. ï‚ · Have professional work experience in public accounting. The Uniform CPA Exam is a prerequisite for the CPA certificate because it is the primary way Boards of Accountancy measure the competence of CPA candidates. Boards of Accountancy also rely on additional means to ensure that a candidate has the necessary technical abilities and character attributes to become a CPA. These may include interviews, letters of reference, investigation of educational background, and affidavits of employment. In addition, some boards of accountancy administer an ethics examination to assess a candidate’s knowledge of the rules of professional conduct. The Board of Examiners of the AICPA, is responsible for preparing the Uniform CPA Examinations and for operating the Advisory Grading Service, both adopted by the boards of accountancy in all fifty states, the District of Columbia, Guam, Puerto Rico, and the U.S. Virgin Islands. The Examination is give... ...s the economy grows the number of business establishments increases requiring more accountants and auditors to set up their financial, technological and internal control systems, provide tax preparation and planning assistance, as well as management consulting advice and other business advisory services. The volume and complexity of financial and non-financial information will continue to expand, requiring the knowledge of accountants and auditors to interpret and analyze the data and participate in the decision making process. Becoming proficient in the latest accounting and budgeting software packages and keeping abreast of new technologies is critical to the accounting professional’s success. Bibliography: American Institute for Certified Public Accountants (2000). Available: http://www.aicpa.org. Blensly, D.L., and Plank, T.M. (1989). Accounting Desk Book, (9th ed.) Meigs, W.B. and R.F. (1989), Accounting: The Basis for Business Decisions, (8th ed.) Rink & Robinson’s CPA’s (1998). Certified Public Accountants & Consultants. Available: http://www.mrinkcpa.com. Robert Half and Accountemps Salary Guide (1999). Available: http://www.accountemps.com.

Managing Paediatric Illness and Injury Essay

1. Describe the common types of fractures and how to manage them. Broken bone. Based on the location and severity of the fracture, a broken bone usually must be set into position and supported until it is strong enough to bear weight. Your physician will recommend the most proven treatment approach, usually casting or surgery 2. Describe how to manage a dislocation Relieve pain around the dislocation by applying a cold pack to the area; this will also reduce swelling that can add to discomfort injury. Keep joint immobile and do not try to push the bone back in place. Offer ibuprofens if in severe pain, monitor the patient until the professionals arrive. 3. Describe how to recognise and manage the following head injuries: A concussion: you get dizziness, nausea, loss of memory, mild headache, seeing â€Å"stars†, double vision, numbness and lack of hand-eye coordination. B skull fracture: you will probably see an external wound or bruise on the head and there may be a depression visible on the scalp. Check behind the ears for swelling or bruising. There may be loss of clear fluid or watery blood through an eye or nostril, blood in the white of the eye, a black-eye, and the symmetry of the head or face may be disrupted. The responsiveness of the victim may deteriorate C cerebral compression: levels of response deteriorate; headaches tend to be intense; noisy, slowed, or irregular breathing; pupil sizes unequal; paralysis or weakness on one side of the body or face; drowsiness; temperature spike, fever, or flushed face; personality changes 4. Describe how to manage an infant and a child with foreign bodies in their eyes, ears and nose. If a child gets sand, dust, or paint in their eyes, then we can try removing it ourselves, firstly wear clean pair of disposable gloves, and gently pull the bottom eye lid down, and with a clean wet tissue try to clean the eye, and if that don’t work, then try to wash the eye out with water, position the child’s head over the sink or bowl with eye open and wash the eye out using plastic cup, try to pour the water for the side of the eye, if this still don’t work then go to the nearest walking centre. There are several things that can get stuck in  ears and nose, common ones like batteries, beads, nuts. If a child does get anything small stuck in their nose or ear, unless it can easily be pulled out with a firm grip then go for it, if not don’t try because you may end up pushing it further back and making it difficult, in these kind of situations you need to call a first aider, or take the child to the nearest walking centre to get it removed. 5. Describe how to recognise and manage common eye injuries Eye injuries can range from relatively trivial, such as irritating the eye with shampoo, to extremely serious, resulting in permanent loss of vision. Common causes of eye injuries include, something like a small particle of grit or a twig damages the transparent front part of the eye known as the cornea – this type of injury is known as a corneal abrasion. A foreign body such as a small piece of wood or metal gets stuck in the eye. A sudden blow to the eye, from a fist or a cricket ball for example, causes the middle section of the eye (the uvea) to become swollen – this type of injury is known as traumatic uveitis. Wash your eyes out for 20 minutes if you think they have been exposed to a chemical. Ideally, you should wash the eye with saline solution, but tap water will be fine if saline is unavailable. Use plenty of water. Water from a garden hose or water fountain is okay if you’re outside. Then go immediately to your nearest A&E department. It’s also important to go to A&E if you cut your eye and it starts bleeding or if you have something stuck in your eye. Never try to remove anything from your eye as you could damage it. 6. Describe how to recognise and manage chronic medical conditions including:a. Sickle cell anaemia. Sickle cell disease is an inherited disorder in which red blood cells are abnormally shaped. This abnormality can result in painful episodes, serious infections, chronic anaemia, and damage to body organs. These complications can, however, vary from person to person depending on the type of sickle cell disease each has. Some people are relatively healthy and others are hospitalized frequently. But thanks to advancements in early diagnosis and treatment, most kids born with this disorder grow up to live relatively healthy and productive lives. b. Diabetes The main symptoms of diabetes are: feeling very thirsty urinating frequently, particularly at night feeling very tired weight loss and loss of muscle bulk Type 1 diabetes can develop quickly, over weeks or even days. Many people have type 2 diabetes for years without realising because early symptoms tend to be general. The amount of sugar in the blood is usually controlled by a hormone called insulin, which is produced by the pancreas (a gland behind the stomach). When food is digested and enters your bloodstream, insulin moves glucose out of the blood and into cells, where it is broken down to produce energy. However, if you have diabetes, your body is unable to break down glucose into energy. This is because there is either not enough insulin to move the glucose, or the insulin produced does not work properly. c. asthma Asthma is caused by inflammation of the airways. These are the small tubes, called bronchi, which carry air in and out of the lungs. If you have asthma, the bronchi will be inflamed and more sensitive than normal. When you come into contact with something that irritates your lungs, known as a trigger, your airways become narrow, the muscles around them tighten and there is an increase in the production of sticky mucus. This leads to symptoms including: Difficulty breathing Wheezing and coughing A tight chest. While there is no cure for asthma, there are a number of treatments that can help effectively control the condition. Treatment is based on two important goals: Relieving symptoms Preventing future symptoms and attacks from developing Treatment and prevention involves a combination of medicines, lifestyle advice, and identifying and then avoiding potential asthma triggers. Read more about living with asthma. 7. Describe how to recognise and manage serious sudden illnesses including a. Meningitis Viral meningitis usually gets better within a couple of weeks, with plenty of rest and painkillers for the headache. Bacterial meningitis is treated with antibiotics (medication that treats infections caused by bacteria). Treatment will require admission to hospital, with severe cases treated in an intensive care unit so the body’s vital functions can be supported. The best way to prevent meningitis is by ensuring vaccinations are up-to-date. Children in the UK should receive the available vaccines as part of the childhood vaccination programme. b. Febrile convulsions Febrile seizures are also sometimes called febrile convulsions. During most seizures the child’s body becomes stiff, they lose consciousness and their arms and legs twitch. Some children may wet themselves. This is what’s known as a tonic colonic seizure. If your child is having a febrile seizure, place them in the recovery position. Lay them on their side, on a soft surface, with their face turned to one side. This will stop them swallowing any vomit. It will keep their airway open and help to prevent injury. Stay with your child and try to make a note of how long it lasts. If it is your child’s first seizure, or it lasts longer than five minutes, take them to the nearest hospital as soon as possible or call 999 for an ambulance. While it is unlikely that there is anything seriously wrong, it is best to be sure. If your child has had febrile seizures before and the seizure lasts for less than five minutes. Try not to put anything, including medication, in your c hild’s mouth during a seizure as there is a slight chance that they might bite their tongue. Almost all children make a complete recovery, and there is not a single reported case of a child dying as the direct result of a febrile seizure. 8. Describe how to recognise and treat the effects of extreme cold and extreme heat for an infant and a child. When a child has an extreme cold the signs and symptoms are Shivering in the early stages Cold, pale and dry skin Low temperature 35 degrees or less Irrational behaviour, slow shallow breathing Cold to touch Unusually quite Refuses to feed Treatment for this will be to remove and replace wet clothing, wrap in a warm blanket cover their head place in a warm room. Give them a hot drink only if they can hold the cup. If it’s a baby then warm them up slowly and place them in a warm room, use your body heat to warm them, and seek for medical advice. When a infant or child has an extreme heat the signs and symptoms could be Gradual onset Sweating, cold, clammy skin Dizziness, confusion, headache Cramps in limbs and or abdomen Shallow rapid breathing, nausea Treatment for this is Reassure, remove casualty to cool place Lie down with legs raised If conscious encourage to sip plenty of fluids If recovery is rapid advise them to see the doctor If unconscious put them in recovery and call 999 for ambulance

Effects Of Alcohol Abuse On Children - 1321 Words

â€Å"Alcohol abuse and alcoholism can affect all aspects of a person’s life.† Even though it is legal for anybody at least age twenty-one and over, alcohol is commonly abused among adults. When people think about alcohol abuse, they usually only focus on the one person who is drinking in excess, but what if that person has a family or is a parent? How does alcoholism affect their children or loved ones? The majority of people would suggest that binge drinking only mainly affects the one person doing it, they do not realize that it affects their children and families as a whole. In general, children and families are affected in a negative way when combated with the issue of a parent or very close relative being an alcoholic. First, I will†¦show more content†¦It is staggering that child abuse happens more frequently when alcohol abuse is present. That can create an even more toxic environment for the child, which could lead to many problems for him or her in th e immediate future. The Society for the Study of Addiction also states that â€Å"children who experience child abuse and neglect repetitively have been shown to experience poorer behavioral, educational and mental health outcomes†. That very hazardous environment is what children of alcoholic parents are exposed to on a daily basis, breaking them down physically, socially, and emotionally. Alcohol abuse with adults can have an even deeper effect on one s family and children that might not be apparent at first. Debra Wood states that alcoholism with one adult can increase the chance of the rest of his or her’s family some day becoming an alcoholic. Wood also states that genetics, social pressure, and problem behaviors learned from family or friends can lead to somebody going down the path of alcohol abuse. Even though this seems like a fairly lopsided debate, there are multiple factors that lead one to believe that getting over alcoholism can be a pretty easy fix. Ther efore meaning it would not be as much of a problem for the adults children and, or family. The Brown University Digest of Addiction Theory Application states that† heavy drinking in older adults may signify ongoing alcohol problems†. Knowing that the alcohol problems can lead to other more

The Growing Problem of Road Rage

Statistics tell us that most all of us have been involved in an aggressive driving experience either as the victim or the aggressor at some point in our lives. Aggressive driving and road rage is on the rise, and according to the AAA Foundation for Traffic Safety (AAA), it is one, if not the top concern for many drivers today. AAA reported that at least 1,500 people a year are seriously injured or killed in senseless traffic disputes. The following includes excerpts from a report issued by the National Highway Traffic Safety Administration. Characteristics of Aggressive Driving The term aggressive driving emerged during the 1990s as a label for a category of dangerous on-the-road behaviors. The category comprises: Following too closelyDriving at excessive speedsWeaving through trafficRunning stop lights and signs Aggressive driving occasionally escalates to gesturing in anger or yelling at another motorist, confrontation, physical assault and even murder. Road Rage is the label that emerged to describe the angry and violent behaviors at the extreme of the aggressive driving continuum. Graduating From Traffic Violation to Criminal Offense The NHTSA defines aggressive driving as, The operation of a motor vehicle in a manner that endangers or is likely to endanger persons or property. An important distinction is that aggressive driving is a traffic violation, while road rage, aside from the yelling and gesticulating, is a criminal offense. Contributing Factors To Aggressive Driving Experts suggest many reasons for the increase in aggressive driving and road rage. Sociologists suggest it is due to the breakdown in our societys sense of community and a disintegration of shared values.Psychologists point to the intoxicating combination of power and anonymity provided by motor vehicles.Traffic engineers tend to believe the problem is due to inconsistent driving speeds among travelers. Traffic Congestion Traffic congestion is one of the most frequently mentioned contributing factors to aggressive driving. Drivers with low tolerances for traffic delays might respond by following too closely, changing lanes frequently, or becoming angry at anyone who impedes their progress. Running Late Some people drive aggressively because they have too much to do and are running late for work, school, their next meeting, lesson, soccer game, or some  other appointment. Many otherwise law-abiding citizens often justify speeding when running late, almost as they would a medical emergency. Speeding because one is running late to pick up a waiting child or getting an elderly parent to a doctors appointment is often deemed as okay in the minds of even some of the safest drivers. Anonymity A driver can develop a sense of anonymity and detachment when insulated within the privacy of a vehicle. Tinted windows further detach drivers, adding to the misconception of being an observer of the surroundings, rather than a participant. The anonymity for some may provoke antisocial behavior unseen in other normal interaction they experience with others. Combine this with having the power of a motor vehicle and the knowledge that it is unlikely they will ever be seen again by those they offend and the result can be extreme rudeness and even turn an otherwise nice person into a dangerous, raging individual. Disregard for Others and for the Law Much has been written about the erosion of shared values and respect for authority, variously attributed to the fragmentation of the extended family, increased individual mobility, media influence, and other characteristics of modern society. It does appear that civility and respect for authority have decreased, the trend epitomized by the phrase, Im just looking out for number one. Habitual or Clinical Behavior Most motorists rarely drive aggressively, and some never at all. For others, episodes of aggressive driving are frequent, and for a small proportion of motorists, it is their usual driving behavior. Occasional episodes of aggressive driving might occur in response to specific situations, such as speeding and changing lanes abruptly when late for an important appointment, when it is not the drivers normal behavior. Among the chronic aggressive drivers there are those who learned the driving style and consider it appropriate and others who may have learned to drive properly, but for whom the behavior is an expression of illness. Clearly, it is a matter of degree and not all anger is uncontrolled, or even inappropriate, that is, it is not the anger, but what a person does about it that matters (e.g., anger that motivates a person to call the police when encountered on the road by an obviously impaired or dangerously aggressive driver). However, chronic anger, habitual or persistent aggressive driving, and especially a pattern of confrontation on the road, must be considered manifestations of pathology, in addition to violations of the law. Sources:National Highway Traffic Safety AdministrationRoad Rage: Causes and Dangers of Aggressive DrivingAAA Foundation for Traffic Safety

The Effects Of Physical Health On Education - 2004 Words

During school kids can have many factors affecting their education. One of the main factors is their physical health. Physical health affects everything because if your body doesn’t want to correspond then you can’t do well. One can get too stressed and they can stop eating and if people don’t eat they don’t perform well in school. One can get ill leading them to stop going to school for a while and their education starts to get affected. Girls can also have sexual interaction leading to pregnancy and they can stop their education and continue it later or stop for good. Also if teenagers get injured they can be in the hospital for a time leading them to fail. Physical health affects education because whatever the body experiences affects the student’s performance, it can be from getting abused to physical activity. Stressed out? Stress is very common in children/teenagers and it can result on them not corresponding with school and their grades going down since school is the main factor of the stress. Stress can affect the health then later affecting education. â€Å"When a child experiences stress, the hypothalamus releases a hormone that rushes to the neighboring pituitary gland. The pituitary gland then mobilizes the production of a second hormone that swims via the bloodstream to adrenal and cortisol. Adrenaline accelerates the child’s heart rate and elevates the blood pressure. Cortisol pumps up the blood sugar level, elevating the child’s muscle and memory power andShow MoreRelatedThe Effects Of Physical Education On A School Environment And The Rising Health Concerns Of Our Society2420 Words   |  10 PagesThere are coexisting links between physical education in a school environment and the rising health concerns of our society. 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Critically examine the contributions of Adam Smith and John Keynes free essay sample

Essay topic: ‘critically examine the contributions of adam smith and john keynes to the study of the political economy and describe their contribution to current management practice. ’ introduction the names adam smith and john maynard keynes are considered to be two of the biggest influences of economics to date. Their contributions to the workings of society are unable to be quantified and although they have lived their lives, their work has seen the western world shape into what it is today. In this essay i pick out key parts of their work and critically discuss their influences on the inner workings of the world and society. Ealth of nations smith’s magnum opus an inquiry into the nature and causes of the wealth of nations, gained immediate success and the first edition sold out after only six months. Shortly after, the wealth of nations was translated into italian, french, german and many other languages. We will write a custom essay sample on Critically examine the contributions of Adam Smith and John Keynes or any similar topic specifically for you Do Not WasteYour Time HIRE WRITER Only 13.90 / page The book contains two major features; firstly, it provides a detailed examination of the mechanisms of the economy. Secondly, it details policy recommendations in favour of laissez- ­? Faire trade, that is, trade that is free ofgovernment restrictions. Shortly after the release of the wealth of nations, what are described today as western economies stopped economic stagnation dead in its tracks and the rate of growth of these nations increased at a dramatic rate. (see appendix 1. 1) this movement was then dubbed ‘the beginning of the industrial revolution. ’ (skousen, 2007) through smith’s study of the political economy he created the field of study that is known today as economics. He claimed that the purpose of economics was to â€Å"first, enable the people to supply a plentiful revenue for themselves and, second, to endow the state with sufficient revenue To provide public services. † (pettinger et al. 2012) it was to fulfill these purposes that he wrote a wealth of nations. The first fundamental theorem of welfare economics in his world wide accredited book, a wealth of nations, smith was in support of putting a stop to mercantilism in favour laissez- ­? Faire trade. Skousen argues, â€Å"mercantilism was antigrowth and shortsighted† (skousen 2007, p. 10) and only â€Å"[benefited] the producers and monopolists. † smith proposed that the key to economic prosperity is via ‘natural liberty. ’ this natural liberty involved the free movement of labour, capital, money and goods. He believed in the Natural workings of the market and that they should be left alone by government. Smith (1776 [1993], p. 423) wrote ‘by pursuing his own self interest, every individual is lead by an invisible hand to promote the public interest. † this invisible hand theory went on to be known as the first fundamental theorem of welfare economics. Smith explains his invisible hand theory via highlighting the relevance of mutual dependence via a simplistic statement; â€Å"it is not from the benevolence of the butcher, the brewer, or the baker that we expect our dinner, but from their regard to their self- ­? Interest. † (smith 1776 [1993], p. 22) smith Aimed to provide growth and that is part of the purpose of the first fundamental theorem of welfare, to increase prosperity through growth. Smiths ‘invisible hand’ framework could only be achieved through a capitalist state and a competitive market base. Raphael (1985, p. 46) wrote, â€Å"this process is most successful when left to the play of natural forces, [smiths] analysis leads him to urge governments to let well alone. † given a non- ­? Barrier entry to a genuinely competitive market, high profits will encourage new entrants, driving profits down. Analogously, low profits or losses will discourage entrants and perhaps cause current Participants to leave the market, driving profit back up. The result is that through natural market forces, an equilibrium quantity and price for a commodity is naturally set by the market. Note that this new price and quantity is optimally efficient. As brilliant as smith was the perfectly competitive market structure did contain it’s flaws and could never truly occur in the workings of society. He was not naive in this fact and wrote that â€Å"people of the same trade seldom meet together, even for merriment and diversion, but the conversation ends in a conspiracy against the public in some contrivance to rise prices. † (smith 1776 [1993], p. 232) even in this day and age capitalist governments will sometimes force a barrier to enter to some form of the market, a current example is the delivery of mail in the us, which is restricted and can only be carried out by the usps (united states postal service). Although a perfectly competitive market is impossible to truly achieve, there exists non- ­? Perfect competitive markets for which smith’s first fundamental theory of welfare economics still applies. The division of labour smith believed that economic growth was dependent on the division of labour. As the scale of the division of labour was restricted to the size Of the market base, it would follow transitive logic that continual economic growth required an ever growing market base. This division of labour had dire consequences to workers who had to complete mind numbing and repetitive tasks in their daily work. Smith claimed that the labourer â€Å"has no occasion to exert his understanding†¦ and generally becomes as stupid and ignorant as it is possible for a human creature to become. † (smith 1776 [1993], p. 782) this effect of the division of labour became known as ‘alienation. ’ emile durkheim argued, â€Å"the increasing division of labour has enormous implications for the structure of society.† (pettinger 2012, p. 100) the division of labour that smith refers to is considered an ‘abnormal’ form of the division of labour to durkheim. In the division of labour in society, durkheim argues, â€Å"there [is] no necessary correlation between increased division of labour and decreasing solidarityà ¢â‚¬  (pettinger 2012, p. 101) if anything, the structures of the division of labour could be reworked to increase solidarity and use interdependence as a positive influence in the workforce. The key to providing solidarity is through the range of skills and capabilities in the working group of civilization. This is supported by durkheim, â€Å"the Sole cause then determining how labour is divided up is the diversity of abilities. † (durkheim, 1893 [1997] p. 313) a range of abilities is thus key to fight the effects of alienation. It is of belief that smith was aware of this well before durkheim wrote the division of labour in society. While smith was a true believer in the free and open market, he was no pure libertarian. He acknowledged the government’s role in society for purposes such as law, national defence and public works and education. In a wealth of nations he distinguished education in terms of its purpose specifically to stamp out alienation when he wrote in favor Of â€Å"universal public education to counter the alienating and mentally degrading effects of specialization (division of labour) under capitalism. † (smith 1776 [1993], p. 734 – 735) through further education, the ‘diversity of abilities’ discussed earlier can be enhanced, which results in turn, to a decrease in alienation. Spending vs. Saving and government persuasion. Smith explores the contrast of spending and saving in a wealth of nations. He is fearful of excessive spending and argues that it â€Å"can lead to insufficient capital for growth or the existing numbers of productive labour. † (raphael 1985) it is important to note here That the spending that smith refers to is non- ­? Inclusive of spending in investment, it refers to consumption only. Smith delves into why we spend and argues, â€Å"the principle, which prompts to expense, is the passion for present enjoyment. † (smith 1776 [1993], p. 341) smith also explores the idea that people save in order to increase their standing of living and implies that saving, to a certain extent, is a natural part of human nature; â€Å"the principle which prompts us to save, is the desire of bettering our condition, a desire which†¦ comes with us from the womb, and never leaves us until we go into the grave† (smith 1776 [1993]  P. 341). Whilst smith implies it is a natural instinct to save, the government’s reserve bank actually plays a role in creating incentives to spend or save. They are able to do this through monetary policy. The effect on providing an incentive to spend or save may or may not be a direct consequence of the implementa tion of monetary and fiscal policy. For example, an economies reserve bank can use monetary policy in order to increase or restrict the supply of money, thus affecting the cash rate and in turn affecting ones incentive to spend or save. Rationally speaking, if the cash rate and in turn the interest rate available for Savings is high, one is more inclined to save their money. This goes analogously for a low cash rate, which provides incentives to spend, as the opportunity cost of spending money is less. Low interest rates also provide incentive to borrow and invest in capital. While the intention was not to completely discredit smith, as this use of monetary policy came about well after his time, it appears that the desire which ‘comes with us from the womb’ to save can in fact be intentionally or unintentionally influenced by the government. The biggest threat to capitalism – karl marx in the century following that of the life of adam smith, Came the biggest threat to his workings, karl marx. Skousen highlights the comparison between marx and smith, â€Å"smith argued that the individuals pursuit of self interest would lead to an outcome beneficial to all, where as marx argued that the pursuit of self interest would lead to anarchy, crisis and the dissolution of the private property based system itself. † (skousen 2007, p. 66) marx was a firm believer in the communist state. He believed that the capitalist system only benefited the rich and took advantage of the poor. When comparing economies of varying economic freedom, it can be found that the higher degree of freedom in The economy, the higher the countries per capita gdp (see appendix 1. 2). Note that per capita gdp is a common measure of the standard of living. Furthermore when comparing the percentage of the whole us population with basic utilities such as water, electricity as well as basic needs such as refrigeration and a household toilet, with the us population that were considered to be ‘poor’ with the same utilities and basic needs, the numbers are undeniably in favor of capitalism (see appendix 1. 3). For example the whole of the us population with flush toilets went from 15% in 1900 to 99% of the population who were considered poor. In Conclusion, â€Å"free economies are richer. † (skousen year, p. 31) this goes onto support capitalism and smith’s first fundamental theorem of welfare economics. Smith argued â€Å"both rich and poor benefit from a liberal economic system† (skousen year, p. 34) and that â€Å"universal opulence†¦ extends itself to the lowest ranks of the people. (smith 1776, p. 11) it is clear that the poor also benefit from a capitalist state and whilst marx is still considered a genius by many, some of his views were, in fact quite extreme. Capitalism takes another hit – john maynard keynes to the rescue adam smiths lassez- ­? Faire market framework falls under Siege again, this time not by man, but by the great depression of the 1930’s. â€Å"in the middle of the great depression, the best and the brightest intellectuals embraced marxism, but not keynes. † (skousen 2007, p. 157) while keynes was attempting to write his own theory into the frameworks of the economy, the general theory of employment, interest and money, he unintentionally saves the faith in the open market at the time. John maynard keynes did not have faith in the ability of the free and open market to correct itself and knew that it was inherently unstable, but nor was he a believer in the communist state backed by marx. (skousen  2007) keynes solution to the mass unemployment of the 1930’s (in some nations more than 25%) was simple, yet not thought of by any other great mind at the time who were all turning to marx. Keynes argued that, â€Å"mass unemployment had a single cause, inadequate demand, and an easy solution, expansionary fiscal policy. â €  (krugman 2006) this expansionary fiscal policy involved mass amounts of government spending; keynes argued that the nature of the spending was unimportant, as long as consumption was occurring. The proposal was that this major increase in spending would increase aggregate demand and put faith back into the consumer and Producer. Keynes proposal worked, unemployment was on the decline and gdp per capita was on the increase again (growth). However, the cost of returning to the road of prosperity is quite high. Let me turn the attention to the more recent significant disaster of the political economy, the global financial crisis. Without going into to detail of the causes of this catastrophe, the basic result was the same, gdp was decreasing with unemployment on the rise. Political figures of the time turned back to the analysis of keynes and implemented what he had proposed back in the 1930’s. That was to increase public spending. Different nations Implemented public spending in different ways, for example australia’s government endorsed the use of a stimulus package, which was simply just giving out lump sum payments in order to increase consumption. It could be argued that this is one of the more effective schemes in putting the economy back on it’s feet while in turmoil. Why? Because australia was one of the few western countries to avoid a recession as a result of the gfc. Note that the big powerhouse that is the us could not even achieve this. In order for an economy to return to economic growth in desperate times like the great depression of the 1930’s and the gfc in the Early 21st century, government spending must be increased. However, this comes at a grave cost. In order for governments to achieve this high level of spending it must run large budget deficits, that, depending on the severity of the economic state at the time, may take decades to return to a budget surplus. This means that governments will have to cut back spending, increase revenue (through taxes) or a combination of the two until it can finally return to producing a budget surplus. Coming back to keynes in comparison with smith and marx, keynes did not believe in capitalism in its greatest form, he argued that it was unstable. This Is evident from the economic history of the 20th and 21st century. Nor did he believe in the harshness of the communist state. He saw the need for government intervention and he was caught somewhere in between the two. While not intending to re- ­? Work the classical model that was a wealth of nations, keynes to a certain extent did just that. Most western societies today that see larger gdp per capita and strong rates of growth are capitalist nations, that have a government influence on trade and are able to control levels of inflation, the interest rate and level of unemployment to some degree. Conclusion in conclusion, the works Of adam smith and john maynard keynes have played a dramatic role into the development of the western world since the late 1700’s. Adam smiths first fundamental theorem of welfare economics was able to single handedly pull the western world out of decades of economic stagnation and return society to growth. John keynes was able to save the capitalist economy, on more than one occasion and even after his death. His contributions to the study of the political economy are considered fundamental to the way the political economy conducts it’s monetary and fiscal policy today. It is interesting to think had we not had smith’s a wealth of Nations and we were only left with marx as a leading political thinker how different the world may have turned out. References durkheim, e. (1893/1997) the division of labour in society, new york: free press. Hall, p. (1989) the political power of economic ideas: keynesian across nations (princeton, nj: princeton university press) krugman, p. (2006) introduction into the general theory of employment, interest and money, viewed 20/05/2013 pk archive. Marx, k. engels, f. (1848/1967) the communist manifesto, london: penguin. Pettinger, r, hague, r, harrop, m, bratton, j, sawchuck, p, forshow, c, callinan, m, corbett, m, mellahi, k, Morrell, k, wood, g, noon, m, blyton, p, boxall, p, purcell, j, burns, p, linstead, s, fulop, l, lilley, s morrison, j. (2012) introduction to management, palgrave macmillan: china. Raphael, d. (1985) adam smith, (oxford and new york: oxford university press) skidelsky, r. (2009) keynes: the return of the master (london and new york: penguin) skousen, m. (2007) the big three in economics: adam smith, karl marx and john maynard keynes, new york: m. E. Sharpe. Smith, a. (1776) [1993 edn] an inquiry into the nature and causes of the wealth of nations, ed. K. Sutherland (oxford and new york: oxford university press) appendix figure 1. 3