Law and Criminality Perspectives

Law and Criminality Perspectives Laws are rules of conduct to guide all people; they are rules that can be enforced by a legitimate authority. More laws are made and enforced as our world and society becomes increasingly complex. Laws are basically rules of basic behavior and order written down by man as an attempt to help us all live together more happily and safely. Whether they are written or not, they are the basis for all societies, because without some form of agreement and co-operation between people, society would not exist. Most laws are for our own benefits and protection; they preserve public order and policy. Without laws, a society will be an anarchy, dysfunctional, full of chaos, injustice and immorality. Without laws, we would all live like animals in nature, each person pursuing ones own desires with no regard for the effects of his or her behavior on others and this would lead to suffering. Laws, in general do not try to limit the freedoms that people consider necessary, but rather to secure these freedoms by prohibiting anyone else from violating or robbing them. Laws prevent people from harming others, and do whatever one feels like to anyone else by setting punishments for those harms if they are committed. Another purpose of laws is to resolve disputes, since laws are consistence rules made to be applied in almost every situation. Though many of us do not need laws to guide us in everything we do, some others need very clear rules and boundaries to live by. Not everyone will agree or like ev ery law given, but rational people understand the need and purpose of laws. A crime is an act against the law and punishable by the law. Certain laws that exist would be considered by most of us as silly or unnecessary. Some of those laws are still enforced and may be even more enforced than other laws, because the government, often times makes a lot of money off of certain laws. There are usually so many laws from a government that if we were to read the whole list, we will probably be surprised at the number of laws we break on a regular basis without even realizing it. Most common examples are speeding, texting or talking while driving, littering, downloading music illegally and others.  [i]  Ignorance is one of the causes for people to break laws; it is however not accepted as an excuse. Desperation is another cause, someone who does not have enough food maybe driven to steal food, so people living in poverty may commit crimes as a way to survive. Many break laws out of greed and selfishness, for example committing fraud, theft or murder to gain what belongs to someone else deceitfully and unfairly. Others break laws out of malice, anger, jealousy or just carelessness. In general, the government of nations create and decide which laws to pass, as making laws to keep order is a part of governing. In the United States, laws are written and made by the Senate and the House of Representatives which make up the Congress.  [ii]  In Australia, laws are made by its parliament even though the country is a constitutional monarchy and has a queen.  [iii]  In Saudi Arabia, as one of the few absolute monarchies that still exist today, the creation and decision about laws are up to the king and his chosen ministers.  [iv]  Aside from laws of independent nations, there is also international law, which are laws guiding individual nations conduct and their relationships with one another, the international organization, the United Nations is responsible for this. The International Bill of Human Rights, which was first drafted as a common standard of achievement for all peoples is widely accepted as the list of rights that should be kept and respected by all states. Almost all countries that exist are members of the United Nations, and are obligated to respect the basic international human rights laws.  [v]  vi The International Court of Justice (based in the Peace Palace, The Hague, Netherlands pictured above) is the principal judicial organ of the United Nations. The ICJ settles legal disputes between states, who must agree to abide by the Courts jurisdiction before their case will be heard.  [viii]   There are different legal systems that are in use throughout the countries in the world, with three main ones. The most common legal system is Civil Law, which is the legal system of France and many nations that were conquered by France, including many countries of Latin America. In the UK, and countries that were colonies of the UK, including India, USA, Australia and many others, have legal systems which are based on Common Law. Common law is determined by judges, it can be applied to many different situations and it is more flexible. The Civil Law system on the other hand, is a collection of laws, they are not decided by judges or open for interpretation. Both systems have advantages and disadvantages. The third most common law system is religious Islamic law, which are enforced in Muslim countries, the Sharia and the Fiqh. This law is believed by Muslims to be directly from God and so cannot be changed by even a government or King.  [ix]   x Problems arise with different law systems in different countries. Examples of this are the cases of two British couples who were arrested and served jail sentences for kissing, and showing intimacy in public in Dubai, United Arab Emirates.  [xi]  According to the legal system of the UAE, what they did was indecent and offending behavior.  [xii]  Disputes arise as these couples were foreign citizens, and in countries where Islamic law is not practiced, it would be considered extreme to arrest or imprison people for kissing or displaying affection in public. Some other controversial issues surrounding different legal systems are: the one-child policy in China  [xiii]  , having a national dress code like that in Saudi Arabia, the capital punishment, executions by beheading, amputation of hands for theft, and others.  [xiv]  Torture, or other cruel punishments like amputation are prohibited by international human rights standards, but the punishments and seriousness of cr imes differ in different legal systems. This makes it difficult to judge a law or case fairly and morally. Practices, laws or policies such as controlling what people wear too strictly, harsh punishments such as death or amputation for crimes like stealing, or limiting the number of children a person may have may be viewed in an international perspective as violating human rights. The line between just and unjust in the legal systems we have today is not clear so such disagreement problems will remain. Local/National Perspectives The National Assembly of Vietnam is responsible for making and passing laws. The legal system practiced in Vietnam is based on communist legal theory and the French civil law system. As a Socialist state, the countrys government has much control over the media and organizations within the country. The Vietnamese government was able to outlaw many religious organizations, touching on the freedom of belief and has been criticize. As the country increasingly involved and joins into many international organizations, it has been more sensitive to human rights abuses due to global criticism. Vietnam is relatively safe with average crime rates. A few of the major crimes include corruption, illegal drug use and digital piracy.  [xvi] Since economic liberalization, corruption has risen sharply in Vietnam. In the Transparency Internationals corruption perception index for 2008, Vietnams corruption rate ranked 121 out of 160. A cause for high corruption rate in Vietnam would be the very low salaries of public officials. In 2006, the minimum salary for state employees is still only 28 dollars per month after it has been raised by nearly 30 percent. It has gotten so bad that after a corruption scandal in 2008, Japan, Vietnams biggest donor in development assistance suspended its aid to Vietnam, saying that Vietnam must take stronger measures in dealing with corruption. Corruption is a threat to investment and aid and it is a big problem on Vietnams road of development. There have been attempts in reducing this problem; an example of this is Vietnam has signed the United Nations Convention Against Corruption, which would criminalize the acts of Vietnamese officials paying bribes abroad or accepting bribes from foreign companies.  [xxiii] According to Business Software Alliance, the largest, and one of the most important of IT groups in the software industry that exist, Vietnam had the worst rate of software piracy in the world. A very large number of all kinds of software, movies and music are pirated, meaning they are illegally duplicated or distributed. In 1998 the digital piracy rate of Vietnam ranked first at 98%, this means that for every 100 copies of software application, 98 are illegal. In 2004, this number was 95%, and it is estimated that for each legitimately bought package of software, 20 illegal copies are made on average. A cause for this is many countries seldom make, let alone enforce laws to protect intellectual property. It is understandable that piracy is thought of as a path to enter the information and technology world with less expense, it actually hurts the countrys own economy. As piracy spreads, software developers are deterred from entering the market. Piracy, and the lack of laws to prevent piracy will not give a decent opportunity for citizens of a country to establish a software industry, preventing the country to become high-tech. In 2010, software piracy rate of Vietnam is 85 per cent. As result of the big efforts of the government and business community to protect copyright, despite still having a very high rate, through the years the percentage has gotten lower and there is no doubt that there has been progress in reducing piracy.  [xxvi] xxx Drug trafficking is present among Vietnams major crimes. It is estimated 200,000 Vietnamese, as young as 15-16 years old use opiate drugs, with 50,000 people using heroin. About 75% of all identified drug users in Vietnam are under 23, according to UNs Drug Control Progamme. Most people with HIV, about two-thirds are drug users, and this virus is spread along with drugs. A cause for this is unemployment in the country; much money is gained just for transporting drugs from one city to another. The lack of money also keeps the government from being able to help drug addicts or do very much. To deal with this major crime, the Vietnamese laws against drug trafficking are some of the harshest and most severe in the world. In 2009 a number of crimes have been removed from the list of crimes punishable by death, including rape and bribery, but not drug trafficking. The possession or smuggling of a certain amount of drug in Vietnam could result in the death penalty.  [xxxi]   Family/Personal Perspectives Most of us would consider ourselves innocent law-abiding citizens, but this is of course ignoring the mostly small crimes we commit regularly if not daily. If even the smallest act of crime was not over-looked, every one of us would be classified as criminals, including my family, friends and myself. Common offenses include stealing office supplies for personal use, littering, talking while driving among many other things. We all at one point or another have excused ourselves by saying certain laws dont apply to us, or since everyone else is doing it, why must I not? This however, doesnt really change the fact that were all quite guilty as law breakers, whether we want to acknowledge it or not. Like with almost every other issue we created in the world, some of their causes are our pride and will to resist or not take seriously the authorities we have above us, whether the authority is good or bad and there is also peoples tendency to ignore, or twist the truth to ones own preference and advantage. In my local community there isnt a high crime rate, or at least it is not very obvious and I feel relatively safe. Like most large, densely populated cities across the world, petty crimes are a typical problem. Although violent or armed crimes occur, they are rare, while little crimes like pick-pocketing, traffic violation and speeding occur regularly. In Vietnamese cities, motorcycles are the most commonly seen type of vehicle, and bag, jewelry or other belongings of people being snatched by motorcyclists are quite common. These types of crimes can result in serious injuries as in the process of purses or bags being snatched, the straps across the victims bodies could drag the victim along the ground by the thiefs motorcycle. There have been incidents involving crime, like mirrors on my family and friends vehicles being stolen often, and risks of frauds but there has not been a case where we are seriously affected. To come up with solutions to criminality, we must look back to its causes. Many break laws out of desperation, greed or lack of knowledge. Law-breaking starts at a young age, and education is a fundamental cure. A person with a better education and qualifications has a more hopeful future, and will less likely be unemployed and driven to criminality to survive. An education with focus on ethics and values should be able to reduce crimes committed out of selfishness and greed. Thus, a key to the criminality problem is giving all people and criminals a fair opportunity to be trained in to responsible citizens.

How Has King Lear Held Its Appeal for a Modern Audience?

How does Shakespeare’s King Lear hold its appeal to a modern audience? King Lear, a play by William Shakespeare has held its appeal for modern audiences as it explores the universal ideas and timeless themes of Power and Loyalty communicated through characterisation, language techniques and representations that parallel the context of the time in which they are produced. In the opening scene of the ‘love test’ Lear is offering his kingdom to his daughters Goneril, Regan and Cordelia.Much havoc and arguing occurs, leaving Cordelia banished and Goneril and Regan in full control of the kingdom. The concept of power is present as Shakespeare examines the importance of relationships where a hierarchy is in order. After withdrawing himself as king, Lear’s eldest two daughters Goneril and Regan strip him of his supremacy and force him to reduce the number of knights in his service, demonstrating his loss of authority as a King and a man. Shakespeare uses the simil e comparison of Lear to animals to clearly depict his fading worth and power. O, reason not the need! Our basest beggars are in the poorest thing superfluous. Allow not nature more than nature needs, man’s life as cheap as beast’s†¦Ã¢â‚¬  The underlying theme of power is consistent throughout ‘King Lear’ and is also present in today’s society. Goneril and Regan believe that by possessing Lear’s kingdom they have power over everything, paralleling that of modern day society – materialism is power. The theme of loyalty is apparent in the ‘Storm scene’. Lear is demonstrated as a flawed individual whose arrogance has caused him to make mistakes.This scene acts as a catalyst, a turning point, as Shakespeare symbolises a ‘cleansing period’ for Lear. His diminishing sanity is represented through the personification of the storm â€Å"rumble thy bellyful; spit, fire, spout, rain! † Despite the harsh storm , Lear’s Fool stands with him in his period of despair and rage demonstrating his loyalty towards his king. This scene is the first time in which Lear reveals his true emotions, ones which Elizabethan and contemporary audiences can relate to.Shakespeare has presented the consequences of disloyalty, and the betrayal of fathers and siblings is an underlying theme. However, the loyalty of Cordelia to her father is maintained, if not strengthened throughout the entire play. â€Å"O my dear father, restoration hang thy medicine on my lips, and let this kiss repair those violent harms that my two sisters have in they reverence made. † The love that Cordelia holds for her father is symbolised through the gentle nature of her tone and language.The ‘reconciliation’ scene of Cordelia and Lear expresses the devotion felt by both father and daughter, as well as the connection they share when united emphasises the faith and unconditional love between them, despite prev ious disagreements. This element of the play is relevant to all audiences. Lear undergoes rapid character development and by the end of the play is able to recognise the more important, intangible aspects of life; a loving daughter and loyal friends.This is comparable to the lives of modern audiences as the important things in life are often taken for granted. Shakespeare’s King Lear offers timeless and universal themes of Power and Loyalty that are portrayed through differing literary and dramatic techniques. The character development of Lear also allows for the audience to connect and better understand the play as the transformation of a man unfolds, whose life is not dissimilar to one in contemporary society. These aspects of the play have allowed for King Lear to hold its appeal for audiences of the present and future.

Automobile and Porsche Essay

I. introduction Porsche is one the most famous and wanted cars not only for its look but it also have a good system and good prices when it comes to sports cars in general. So today I am going to talk about the invention, models, best features and qualities of Porsche cars. Like any other quality cars Porsche has its own best features when it comes to the car system. I have thoroughly researched and gathered as many as information on Porsche cars and also visited two Porsche companies in California because I have interest in Porsche cars. Therefore, I feel that I am credible source. Invention and history of Porsche cars a. German cars are known to be a very good cars i. According to the information I gathered from, EasyStreet; Porsche gets into the business. (2002, December 16) with no author Porsche was invented by a German guy called Ferdinand Porsche in 1900. who was a young engineer and owner of a motor cycle company. ii. It took Ferdinand almost 3 years to come up with design of his first Porsche car called 356, which impressed the German government. One month after the first car 356 left the factory it won its first race and Ferdinand was encouraged by the government to design more models. Now that I have discussed the invention and origin let me move on to my next point which is III. Models/Types of Porsche b. Most of the Porsche cars are made to attract people and provide a good use iii. According to book â€Å"The Complete History of Types and Models. † Written by Eric Tingwell 2010, March, There are over 38 types and designs of Porsche cars. iv. Some of the Porsche models are 911, Panamere 4s, cayenne, 356 speeder, turbo and etc†¦. c. Some of the most wanted and bought by the costumers all over the world are 911 Carrera, convertible D, Panamera 4S and cayenne. v. â€Å"Porsche racing cars are favored by many people than any other racing cars because of their ability to go up to 250/mph and due to their comfortableness while driving the vehichle † said Hornbuckle and Manning. (2003). Auto racing: the Sports car 500. Now that I have discussed the Models and types, let me move on to my next point which is the best features and qualities of Porsche cars. IV. Best features and Qualities of Porsche d. Best Transmission and engines vi. Unlike any other sports car Porsche has a very good transmission and engine system. vii. Also it has won so many awards for the engine system and for many other purposes of the car. ( Mechanical Engineering. 1991,May) viii. Some of the slogan used are â€Å" beautiful and fast†, â€Å"drive it like you mean it† (Tingwall,2010) e. Comfortable for your spines ix. According to Eric Tingwall form his book â€Å"Automobile Magazine† (2010,March), not only Porsche cars have a comfortable inside and seat it also has seats actually designed to provide a good care to the spines and shoulder especially for people who drive a lot. x. Porsche Company received so many awards since 1950’s till this day and it’s been one of the most selling cars in the world. 1980’s been the most successful century for Porsche companies because they made so many different types of models and gained a lot of awards thorough out the world. ( AutoWeek 2002,December 16) â€Å"In Conclusion†¦Ã¢â‚¬  V. Conclusion- f. Porsche is one the most famous and wanted cars not only for its look but it also have a good system and good prices when it comes to sports cars in general. Review 1. First I discussed about the inventor Ferdinand Porsche and the origin of the car. And how it’s one the most amazing German car it is. 2. Then I talked how there are over 38 different types of Porsche models and how it is most wanted car. 3. Finally I Explained the best features a Porsche car has. How it is useful in so many ways. Summary statement–Porsche cars has been the most famous and highly sold cars Since 1950 till the present day Porsche cars been favored by many around the world received many awards for it’s amazing purposes and also it is the only car that is made with seats that give a good care to human spine and shoulder. References EasyStreet; Porsche gets into the business. (2002, December 16). AutoWeek, 52(51), 16. Retrieved from http://go. galegroup. com. ezproxy. etsu. edu:2048/ps/i. do? id=GALE%7CA95667758&v=2. 1&u=tel_a_etsul&it=r&p=ITOF&sw Hornbuckle, A. , & Manning, M. (2003). Auto racing: the Sports car 500 (1910s). In J. S. Baughman, V. Bondi, R. Layman, T. McConnell, & V. Tompkins (Eds. ), American decades. Detroit: Gale. Retrieved from http://ic. galegroup. com. ezproxy. etsu. edu:2048/ic/suic/ReferenceDetailsPage/ReferenceDetailsWindow? displayGroupName=Reference&disableHighlighting=false&prodId=SUIC&action=2&catId=&documentId=GALE%7CEJ2113102193&userGroupName=gale&jsid=233a60e41e480969b2ec35e23c55991a Porsche offers smart transmission. (1991, May). Mechanical Engineering-CIME, 113(5), 12. Retrieved from http://go. galegroup. com. ezproxy. etsu. edu:2048/ps/i. do? id=GALE%7CA10754048&v=2. 1&u=tel_a_etsul&it=r&p=ITOF&sw=w Tingwall, E. (2010, March). Porsche bookshelf. Automobile Magazine, 24(12), 57. Retrieved from http://go. galegroup. com. ezproxy. etsu. edu:2048/ps/i. do? id=GALE%7CA219684328&v=2. 1&u=tel_a_etsul&it=r&p=ITOF&sw=w Tingwall, E. (2010, March). The Porsche Book: The Complete History of Types and Models. Automobile Magazine, 24(12), 57. Retrieved from http://go. galegroup. com. ezproxy. etsu. edu:2048/ps/i. do? id=GALE%7CA233124678&v=2. 1&u=tel_a_etsul&it=r&p=ITOF&sw=w.

Dance is a Sport Essay - 818 Words

Dance is a Sport Dance is a unique sport because it combines the grit and sweat of sporting events, such as track and field, with the style and extravagance of a fashion show (D.Fowler, 2000). With such an atypical style, dance can be found in various forms. Dance can be entertainment, tradition, recreation, a competitive event, or even a simple act of joy. So should dance be classified as a sport....or what? Many people believe that dance is a cute activity that is fun but shouldnt be taken seriously. Why is this? Dance has been around for generations, but, as it seems, dance is still a thing of the past, that hasnt caught up with modern trends. Although dance may be considered old-fashioned - should dance be excluded†¦show more content†¦An activity cannot be classified as a sport simply because it involves physical exertion. Stage dances, I believe are intended mainly to entertain an audience. Yet, this does not exclude them from being classified as a type of sport, as many sports are mainly spectator sports (e.g.. football). Also, Ballet and tap etc. are not naturally competitive in the traditional meaning of competing in sport [S.Kelly, 2000 - View appendix 5] . I believe stage dances are an artistic form of dance in which the dancer can express their own interpretation of movement and music. This, therefore has no specific rules. Dance is a sport, whether it is recreational or competitive. I agree with this statement as it applies to many sports as well as dance. An individual may participate in dance in many different ways, whether it be recreational, artistic, or competitive. Whether dance is taken seriously, or is participated in as just a recreational pastime - the person participating is still taking part in a sport. To involve oneself in a sport doesnt need the individual to compete in that sport. The sport of dancing is exactly the same as other sports - you dont need to actually compete to call yourself a dance sportsman [S.Kelly, 2000 - view Appendix 5]. Some opinions linked with appendix 4 (An Olympic sport - Agree/Disagree) are as follows... YES. It is similar to ice-skating and gymnastics - a creative form of sport. I agree with thisShow MoreRelatedDance : The Importance Of Dance As A Sport?1356 Words   |  6 PagesSport: an activity involving physical exertion and skill in which an individual or team competes against another or others for entertainment. The amount of athleticism that is required for a dancer to posses is undeniably astonishing. On the other hand, some believe that dance is more of an art than a sport due to the thought that dance is a way of expression. Similar to football, the art of dancing engages an equal amount or more of extreme physical effort. 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The Social Inequality Of Women And Women - 1003 Words

Power, in its relation to gender, is the main focus of the feminism. Many inequalities exist in society today between men and women at both the micro and macro level. The idea that men and women should be equal in all respects, including economically, politically, and socially equal is at the core of the feminist theory. Generally, feminism describes a society where women are treated differently from men just because they are women. This differential treatment puts women at a disadvantage where they become subordinate to men. With regards to sexuality, men enjoy the power to define the meaning of sexuality, even for women. By sexualizing hierarchy and defining their domination over women as pleasure, men limit the way women are allowed to experience and express their sexuality. In 2014, Free The Nipple, a film, a movement for equality and a way to empower woman came about. This movement campaigns for female topless-ness to be permissible in all areas that male s are allowed to be topless, as well as opposing censorship. This movement s goal is to advance gender equality and to oppose sexual objectification. In an article/ video released by The New York Times, According to the feminist theory, the feminist paradigm holds that male domination and female subordination is not determined by biological necessity but by structures of power and social convention. It is their belief that females are only subordinate to males because male enjoy more legal, economic, political,Show MoreRelatedEssay on Social Inequality Between Men and Women1102 Words   |  5 PagesThere are many forms of social inequality that can be analyzed in the study of anthropology. One of these is the social inequality between men and women. Though gender is studied relatively commonly in the field of anthropology, it is not often looked at through the lens of social inequality. The observations of Sarah Lamb and Deborah Tannen in their articles, The Politics of Dirt and Gender: Body Techniques in Bengali India, and Whos Interrupting?: Issues of Dominance and Control, respectivelyRead MoreGender Differences And Gender Inequality1717 Words   |  7 Pages Gender differences and gender inequality are sometimes used interchangeably but do not refer to the same thing. The two concepts are common in gender literature; however, they are not uniform across different cultures based on the degree of conservative attitudes present. The significant differences between sexes and used as arguments against equal rights primarily against women’s rights. Hence, the gender issue has continually been created in light of the standard views or conceptions ofRead MoreHorrific Treatment Women In The Middle East. 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This cycle of gender inequality is evident through the structural inequality of the industry, the reinforcement of stereotyped social norms, and the comparison of two recentRead MoreGender Inequality Is The Unequal Treatment Of Someone Based Off Their Gender961 Words   |  4 Pagesgender inequality is the unequal treatment of someone based off their gender rather than their varying skills, abilities, and characteristics. In our society gender equality can be hard to notice sometimes but in other cases it is very obvious such as pay scale for jobs. Many efforts have been taken in the past to get rid of this unequal gap between genders especially in the modern workplace. It is difficulty for many of us to think about gender inequality especially considering how many women are inRead MoreInequality is a Fact of Life and Yet Condemned as an Offense to Civilized Society1253 Words   |  5 PagesInequality is presumed to be a fact of life and condemned as an offence to civilised society. The debates associated with inequality have changed over time and have been portrayed in different contexts. Inequalities can be distinguished in terms of whether they are inequalities of opportunity, inequalities of outcome, inequalities of access or inequalities in entitlement (Platt 2011). Inequality is also differentiated as to whether they are just or unjust, avoidable or unavoidable, or naturally orRead MoreSocial Inequality Is An Important Issue In Today’S Society.1595 Words   |  7 Pages â€Æ' Social inequality is an important issue in today’s society. Today, people face many inequalities based on their gender, race, religion, and disability status, yet there are many different ideologies and ongoing debate about social inequality. There are three perspectives concerning the issue of inequality in America. This paper will analyze an article about social inequality, â€Å"Gender, Race, and Income Gaps† by Richard Hogan and Carolyn Perrucci, and how it applies to the viewpoints concerningRead MoreThe Correlation between Poverty and Gender Inequality1211 Words   |  5 Pagesand Inequality Key Question: To what extent do poverty and gender inequality affect each other? INTRODUCTION: Gender equality, women’s empowerment and good standard of living (financial stability) are important in their own rights. Today gender inequality is not only a cause of women’s poverty but also a barrier to tackling general poverty.Gender inequality impacts on whether women can benefit from development. Unequal distribution and control of resources between women and men, women’s social roleRead MoreGender Inequality And The Social Construction Of Gender1562 Words   |  7 Pagesdiscussed how the differences in the social construction of gender, race, class, and sexuality have led to discrimination and inequality of those classified under a variety of these categories. Through understanding the significance of these social constructs on society it becomes apparent the intersectionality they have when it comes to understanding why certain groups may face discrimination or inequality. This paper examines gender inequality and how the social construction of gender m akes it difficult

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Three Fundamental Concepts of Economics free essay sample

1. Human wants. —Two characteristics of human wants possess great importance in their bearing upon the production and consumption of wealth. First, there seems to be no limit to the number of wants of which a human being is capable. This is one reason why most people find saving so difcult; any growth of income is speedily outdistanced by the growth of wants. This characteristic also ex-plains why a general overproduction of wealth is impossible; there may be too much of one thing but not too much of all things. It also accounts for the al-most infinite variety of goods found in the markets of any modern city.Second, the continued gratification of any single want finally leads to satiety and may become even tedious and irksome. It is a well-known fact of everyday life that any pleasure loses its zest if indulged in too long. 2. Law of diminishing utility. —The fact that we get less and less satisfaction out of the continued gratification of any single want is so important that it is laid down as a fundamental proposition and is known as the law of diminishing utility. It may be stated as follows: The intensity of any utility, or of a mans desire for any good, tends to decline as he consumes successive units of it.This law doubtless has both a physiological and a psychological basis. Sports weary certain muscles and finally cease to give pleasure. The hungry man gets great satisfaction out of the first few minutes of his dinner, but his enjoyment of the meal soon begins to decline. A man who is already the owner of a silk hat, is not profusely grateful if a friend sends him a second silk hat as a Christmas gift, and if he gets a third on his next birthday he will probably look at it gloomily and wonder if he has some friend or relative whose head it will fit, for to him it is only a nuisance.This principle of diminishing utility applies with varying force in the case of different articles and different men. In the case of the silk hat, the utility declines very rapidly as the supply is increased. In the case of shirts the decline will be much less rapid. To the man who has only one shirt it will possess very great utility; he will prize it much more than he would any one shirt if he had twelve in his bureau drawer. It may be said that up to a certain point there is possible an increase in the supply of any commodity in our possession without any appreciable decline in its utility.We want a certain number of suits of clothes and a house with a certain number of rooms. Additional clothing and additional space in our house would be only a burden, something to be cared for but not wanted. Bread, potatoes and beans are nourishing. Potatoes and beans in ordinary times are cheap. If the human race would be satisfied with such food, the population of the earth might be doubled and yet all be well fed; but we demand variety in food and would protest vigorously if the same rations were placed before us day after day. . The law of demand and supply. —Every business man knows that the value or price of any article depends upon the demand for and supply of it. The law of demand and supply may be briefly stated as follows: The price or value of any article tends to vary directly with the demand and inversely with the supply; increasing or declining as the demand increases or declines, but tending to rise as the sup-ply declines and to fall as the supply increases. The reader must not think of this law as a complete explanation of value.It is not in any sense a theory of value. It merely states in general terms a truth well known to all men familiar with the operations of trade and industry. If we analyze this law we run up against some difficult questions. What is meant by demand? Why does the value rise when the demand increases? Why does the value tend to fall when the supply increases? We find also that there is a curious interaction between value on the one hand and demand and supply on the other.If the price of an article is lowered, we discover that the demand for it tends to increase and that at the same time the supply tends to decrease. We will not undertake to discuss all these problems in this chapter, but will be satisfied with an examination of the terms demand and supply. 4. Analysis of demand. —The desire for a commodity is not in itself an economic demand for it. No matter how much a man may want an automobile, his desire can have no effect upon the prices or value of automobiles unless be has the necessary means of payment.Desire must be accompanied by the necessary purchasing power before it can become economic or effective demand, or have any influence in the market. The second point to notice in connection with demand is that it varies with the price. For example, if the price of automobiles and. the cost of operation could be cut one-half, there would undoubtedly be a great increase in the demand for automobiles and many more cars would, be made and sold. On the other hand, if any conditions cause the prices of automobiles and gasolene to be advanced, the tendency will be toward a weaker demand and smaller sales. Hence when we speak of the demand for any article, manifestly we must always have in mind a certain price, for the demand varies with the price. There is only one way of measuring the demand for an article at any given price, and that is by the quantity of it which is sold at that price. That shows how many people are willing to buy at such a price. Hence it is possible for us to define demand as being the amount of goods which people are willing to take at a given price. 5. Analysis of supply. The word supply as commonly used includes the entire stock of goods within reach of the market, but economists use it in a stricter sense, meaning by it only that portion of the entire stock which is actually offered for sale at a given price. The entire stock of wheat, for example, in a country might be 500,000 bushels and the price $2. If only 100,000 bushels were offered for sale, that would be the economic or effective supply at that price, and if 100,000 bushels were sold at that price, that would constitute also the economic demand.Thus in our analysis of demand and supply, we find that at any particular time and price they are measured by the same quantity of goods. This conclusion is not remarkable, for a mans purchasing power depends upon the goods he possesses, plus his credit or borrowing power which in turn depends on his power to produce in the future. How he shall use it is determined by his wants. A farmer going to market with 10 bushels of potatoes, intending to sell them and purchase groceries with the proceeds, is increasing the supply of potatoes in the market and the demand for certain groceries.To the buyers of potatoes his load constitutes an addition to the sup-ply, but to the grocer it represents a demand for certain groceries. Money is merely the medium by which the exchanges are effected; the economic demand for goods is the goods that are in the buyers possession. In modern business the buyer always goes to market equipped with money or credit, and this he has obtained either by the production of goods or by the performance of valuable services. 6. Potential demand and supply. —That part of the stock of an article which is not offered for sale at a given price is sometimes called the potential sup-ply.When would-be buyers of an article are not quite satisfied with the present price and hold back for a lower price, this is referred to as the potential demand. Dealers in any article when determining what price they may hope for naturally take into account,, so far as possible, the intensity of the potential demand and the amount of the potential supply. The great enlargement of cold storage and ware-housing facilities in recent years has made the potential supply of many commodities exceedingly important.The thrifty farmer is no longer compelled to market all his eggs. in the spring and summer, nor all his potatoes and grain crops in the fall. In normal times this withholding of foodstuffs from the market, so that they are not part of the effective supply, tends, first toward the steadying of prices and, second toward the lowering of prices, for the farmer, his profits being larger and more secure, is stimulated to an increase of production. In this book we shall use,the words demand and supply in the sense given them rdinarily by business men, meaning by supply the goods in the market seeking a purchaser, and by demand the quantity of goods which people will buy at or near any given price. 7. The value equation. —Any business man knows that the price or value of an article tends to rise when-ever the demand for it at the existing price is in excess of the supply offered for sale at that price; and conversely that the price of an article is likely to decline whenever the supply offered at the existing price is greater than the demand.It is conditions of this sort which account for the zigzagging of prices in the speculative markets. In the worlds great exchanges, where the prices of certain basic commodities are fixed, the traders give consideration to all possible circumstances that may affect the present or future demand or supply of the article in which they are trading. A drought in Argentina may fore-shadow a lessened supply of wheat and cause traders to bid a higher price for it, or storms in Kansas and Nebraska may threaten the corn crop and bring on a rise in the price both of corn and of pork.At any given time there are in any market a number of men more or less anxious to bu y a certain commodity and others who wish to sell. If the sellers are asking too high a price, certain buyers hold off and all the stock cannot be sold. On the other hand, if they should offer their goods at too low a price, the demand would exceed the supply, certain buyers would get all they wanted and others would be disappointed.