Global Business and Society Flashcards
John Maynard Keynes
- Advocated using fiscal and monetary policies to mitigate effect of recessions- government intervention
- Policy of pump priming
- Thought by some as the savior of capitalism
Herbert Spencer
Social Darwinism (natural selection- survival of the fittest) Herbert Spencer
Max Weber
He wrote the “The protestant Ethic and The Spirit of Capitalism
Thomas Malthus
- English, Known by students as “Pop” for population
- Population grows exponentially while food supply grows arithmetically
- Shouldn’t interfere with natural checks on population growth; sickness, poverty, etc.
- Recommended abstinence for lower classes
- Majority of Humanity fated to subsistence level
John Stewart Mills
- British Political Philosopher
- Classic liberalism
- Child prodigy Greek at 3, Latin at 8/ nervous breakdown at 21
- Utilitarianism from Godfather Bentham
- The “no harm” principle/ theory of liberty
- Free exchange of ideas as an obligation
- Advocate of woman’s rights.
Robert Owen
- Welsh
- Believed in communal or cooperative movement
- philanthropist
- People are formed by nature and early experiences
- Utopian socialism
- New Harmony in Indiana
Karl Marx
- German
- “Das Kapital” “Communist Manifesto”
- thesis, anti-thesis and synthesis; every system contains seeds of its own destruction
- History is the story of Class struggle
- Philosopher, sociologist, economist and activist
- Laws of society- Product of forces/ inevitability/economic Darwinism
John Maynard Keynes
- Advocated using fiscal and monetary policies to mitigate effect of recessions- government intervention
- Policy of pump priming
- Thought by some as the savior of capitalism
John Kenneth Galbraith
Canadian born and educated
Taught at Harvard; part of FDR brain trust; advisor to Kennedy
Proponent of American liberalism and progressivism
Favored big government to balance big business and big unions
Advocated public spending to offset private spending- opposed “private wealth and public squalor”
Milton Friedman
- Economist- “the most influential economist of the second half of the 20th century…possibly of all of it.”
- advocated minimizing the role of government in a free market as a means of creating political and social freedom…including developing countries.
- Libertarian in approach- Favored school vouchers, privatization, legalization of marijuana, prostitution, etc.
Wall Street Reform Act of 2010-
Dodd-Frank will prevent the excessive risk-taking that led to the financial crisis. The law also provides common-sense protections for American families, creating new consumer watchdog to prevent mortgage companies and pay-day lenders from exploiting consumers. These new rules will build a safer, more stable financial system—one that provides a robust foundation for lasting economic growth and job creation.
Citizens United v. Federal Election Commission
The United States Supreme Court held that the First Amendment prohibited the government from restricting independent political expenditures by a nonprofit corporation.
Burwell v.Hobby Lobby
allowing closely held for-profit corporations to be exempt from a law its owners religiously object to if there is a less restrictive means of furthering the law’s interest. It is the first time that the court has recognized a for-profit corporation’s claim of religious belief,
Civil Rights Act of 1964)
The Civil Rights Act of 1964 is a landmark piece of civil rights legislation in the United States that outlawed discrimination based on race, color, religion, sex, or national origin.
Sarbanes-Oxley Act of 2002
The Sarbanes-Oxley Act (SOX) mandated strict reforms to improve financial disclosures from corporations and prevent accounting fraud.
Albert Einstein
come back
Federal Communications Commission
an independent agency of the United States government, created by Congressional statute to regulate interstate communications by radio, television, wire, satellite, and cable in all 50 states,
Food and Drug Agency
An agency within the US Public Health Service that provides a number of health-related services.
Federal Reserve Board
The governing body of the Federal Reserve System. The seven members of the board of governors are appointed by the president, subject to confirmation by the Senate.
Securities and Exchange Commission
A government commission created by Congress to regulate the securities markets and protect investors. In addition to regulation and protection, it also monitors the corporate takeovers in the U.S.
Administrative Procedure Act
is the United States federal statute that governs the way in which administrative agencies of the federal government of the United States may propose and establish regulations
Freedom of Information Act
The FOIA generally provides that any person has a right, enforceable in court, of access to federal agency records, except to the extent that such records (or portions thereof) are protected from disclosure by one of nine exemptions.
Sunshine Act of 1976
Open for public observation except Deals with litigation or future rule making Issues of personnel
Emma Lazarus
Her poet is inscribed on the statue of liberty
