AN OUTLINE AND CRITICAL ASSESSMENT FOR FINANCIAL ARTICLE 2 Essay

AN OUTLINE AND CRITICAL ASSESSMENT FOR FINANCIAL ARTICLE 2 - Essay Example Topic Statement and purpose: To develop the great depressions debt-deflation theory statistically and theoretically. B. Thesis Statement Reaction 1. Special conclusions new and important II. Description of the article A. Special conclusions 1. Cycle theory 2. Debt and deflation roles 3. The 1929-33 deflation 4. Debt starters B. Illustrations 1. Graphs III. Evaluation A. organization of the article B. style used in the article C. Effectiveness of the work D. Topic treatment E. assumptions of the author about the audience Critical Assessment The article entitled â€Å"The Debt-Deflation Theory of Great Depressions† authored by Irving Fisher seeks to present a theory of debt-deflation of the great depression in a statistical and theoretical manner. The paper draws conclusions deemed as being special, new, and important and aims at specifying what some of these conclusions are and also fitting them in the conclusions of the other students found in the field of economics. The purpo se of the author is to offer his work as embodying on the topic of cycle theory. Fisher (1933: p 337) captures a reaction to the thesis by mentioning the reaction comment of two of the best and most-read authorities in economics field. One of the best-read authorities described the special conclusions as being important and new. The author selects the point form structure in presenting the special conclusions. ... It is only in the mind or imagination where the variables can only remain stable and be kept in balance or equilibrium by forces of demand and supply. Economic theory comprises of a study of dis-equilibrium and imaginary equilibrium. Dis-equilibrium proceeds in either an actual historical case or any constituent tendency. The old persistent notion of business cycle being a simple and self generating cycle is a myth Innumerable tendencies for economic dis-equilibrium roughly classified under trend or growth tendencies, haphazard disturbances, and cyclical tendencies. Sorts of Cyclical tendencies include one being forced on economic mechanism and the other is the free cycle The price level disease and the debt disease are considered the most important causes in the booms and depressions than all the other causes. Over-speculation and over-investment are important but would have far less severe results if not conducted using borrowed money. 2. Debt and deflation roles Secondary variable s affected by deflation and debt are circulating media, debts, their circulation velocity, net worth, price levels, profits, trade, interest rates, and business confidence. Debt liquidation leads to distress selling and deposit currency contraction causing a fall in price levels. Apart from the interest on debts and debt, the other fluctuations come about as a result of decrease or fall in price Deflation occurring for another reason apart from debt results to a much less evil Deflation caused by debt reacts on the debt 3 The 1929-33 deflation An example of debt-deflation depression Unless a counteracting cause is brought in to prevent the decrease in the price level, depressions such as that

Managing abd training development Essay Example | Topics and Well Written Essays - 3000 words

Managing abd training development - Essay Example This demographic shift will result in the drop of by about five percent in employees of the age group 25 to 39 and at the same time the percentage of employees in the age group 50 to 65 could go up by twenty percent. This anticipated shift in the percentage change of age groups among employees is expected to have a positive impact on training of employees. Older employees will need to be trained and retrained to keep pace with the ever-changing work environment to retain them as part of the workforce. This retention of the older employees would cause enhanced competition in jobs among the younger people with minimal educational qualifications, low-level skills and limited work experience. (Newton, B., Hurstfield, J., Miller, L., Akroyd, K. and Gifford, J. 2005. Training participation by age amongst unemployed and inactive people). The significance of training at the workplace has received an impetus in the last ten years, as a result of developments that have occurred all around the world. The factors that have contributed to the transformation seen at the workplace include the growth of the knowledge economy, the impact of globalisation, and the increased use of high performance working techniques in the planning and implementation of work objectives as a result of the dramatic developments in the field of information and communication techniques. (Workplace Learning and Training). The United Kingdom continues to languish on the international league table of qualifications particularly in comparison to France and Germany, despite the efforts put for improvement in recent times. The older workforce in the United Kingdom has a larger role to play in this not too happy position with relation to qualifications and skills and display essentially two groups of over lapping deficiencies namely in terms of poor basic skills and lack of qualifications. The concern of the government can be seen and its