Friday, January 24, 2020

Anorexia and Bulimia :: Causes of Bulimia Nervosa, Anorexia

A variation of Anorexia, Bulimia ranges from excessive food intake, to an out of control compulsive cycle of binge eating where extraordinary amounts of any available food, usually of high carbohydrate content, may be consumed. Once having gorged, the victims are overcome with the urge to rd themselves of what they hate eaten by purging themselves, usually by vomiting, and sometimes by massive doses of laxatives. Between these obsessive bouts, most are able to accept some nutrition. Whereas the anorexic sufferer fears fatness from anticipated loss of eating control, and unlike the anorexic sufferer the typical bulimic individual is not emaciated, but usually maintains a normal body weight and appears to be fit and healthy. However, the obsessive binge purge cycle causes them deep distress, shame, guilt, self-loathing and social isolation, and many will go to any lengths to hide their â€Å"shameful† secret from the family and friends. Typical Sufferers The anorexic or bulimic may be either sex, but the smaller percentage is in males. However the male percentage is on the increase. Most sufferers come from middle and upper income families, and are usually highly intelligent. Anorexic and bulimic people are often perfectionists, with unrealistically high expectations. They frequently lack self-esteem, with their feelings of ineffectiveness and a strong need for other peoples’ approval. Causes There is at present no generally accepted view of the causes of anorexia or bulimia. Most authorities believe the problem to be psychologically based, possibly stemming from family and social pressures, or other forms of stress in our modern environment. Where a high value is placed on slim-ness, women are most likely to be judged on their appearance, against a heavy background of high carbohydrate junk food promotion. Often, the illness is triggered by a major change in the person’s life. Age and Extent Anorexia tends to start in early the early teens, whereas bulimia usually occurs in the late teens and older age groups. Sometimes bulimia develops out of anorexia, but can occur without a previous history of anorexia. It often persists over many years. It is known girls as young as 8 years of age had displayed an unhealthy pre-occupation with dieting. The full extent of the problem is not known, but estimates very from one in every hundred school girls with anorexia, to six percent of Australian women with bulimia. Since bulimia is not a physically obvious condition, the numbers could be far higher. Social Isolation People who have anorexia or bulimia have probably been feeling isolated and friendless for a long time. This may have been one of the factors contributing to their belief that they are essentially unacceptable people. However, the condition itself increases social isolation. Sufferers dare not let people get too close to them in case their real self, which they

Thursday, January 16, 2020

Agency Theory Reconsidered Essay

â€Å"Angel Agents: Agency Theory Reconsidered† is an article that explores the relationship between agents and company owners. The article opens by stating the premise that company executives, who fail to operate under the every single objective of owners, don’t have the company’s best interest at heart. But the writers refute this by arguing that executives at times can be more engaging than the owners themselves; and for that reasons could make the best decisions for stakeholders. The writers pose a different spin on the Agency Theory, which holds that unless carefully monitor company executives will use information to exploit owners. The article tries to dispel the idea that agents are opportunistic but rather show ways that owners exhibit their greedy ways. The author offer examples like family owners appropriate company funds for family benefit and when poor investments by owners cause company down-sizing or acquiring. As a result CEOs are sometimes influenced by powerful owners. So in an effort to reconsider how agents can receive a  more favorable or lighter view; the writers expound on the pressures that agents operate under. The article notes how executives are majorly blame for any failures a company may experience. Furthermore, the executives position are emphasis by stating the it is virtually impossible for executives to behave appropriately, if directed poorly by owners. Writers take a look in retrospect at the â€Å"Renault Case† that deals executive Pierre Lefaucheux’s action has a company executive. In an effort to work toward his vision of created an affordable people’s car, he went up against company owners and the government and refuse to turnover company profits. Instead he invested the profits and as a result experienced phenomenal revenues and profits. In conclusion, there is evidence of agency theory in business today but the article compels the system for Angel Agents to step up and be responsible about business affairs. Although it may be risky to face those that are able to terminate you, writers provide the example of Lefauchex who faced giants receiving desired results.

Tuesday, January 7, 2020

A Brief Guide to Defining Money

The Economics Glossary defines money as follows: Money is a good that acts as a medium of exchange in transactions. Classically it is said that money acts as a unit of account, a store of value, and a medium of exchange. Most authors find that the first two are nonessential properties that follow from the third. In fact, other goods are often better than money at being intertemporal stores of value, since most monies degrade in value over time through inflation or the overthrow of governments. The Purpose of Money So, money isnt just pieces of paper. Its a medium of exchange that facilitates trade. Suppose I have a Wayne Gretzky hockey card that Id like to exchange for a new pair of shoes. Without the use of money, I have to find a person, or combination of people who have an extra pair of shoes to give up, and just happen to be looking for a Wayne Gretzky hockey card. Quite obviously, this would be quite difficult. This is known as the double coincidence of wants problem: [T]he double coincidence is the situation where the supplier of good A wants good B and the supplier of good B wants good A. The point is that the institution of money gives us a more flexible approach to trade than barter, which has the double coincidence of wants problem. Also known as dual coincidence of wants. Since money is a recognized medium of exchange, I do not have to find someone who has a pair of new shoes and is looking for a Wayne Gretzky hockey card. I just need to find someone who is looking for a Gretzky card who is willing to pay enough money so I can get a new pair at Footlocker. This is a far easier problem, and thus our lives are a lot easier, and our economy more efficient, with the existance of money. How Money Is Measured As for what constitutes money and what does not, the following definition is provided by The Federal Reserve Bank of New York: The Federal Reserve publishes weekly and monthly data on three money supply measures -- M1, M2, and M3 -- as well as data on the total amount of debt of the nonfinancial sectors of the U.S. economy... The money supply measures reflect the different degrees of liquidity -- or spendability - that different types of money have. The narrowest measure, M1, is restricted to the most liquid forms of money; it consists of currency in the hands of the public; travelers checks; demand deposits, and other deposits against which checks can be written. M2 includes M1, plus savings accounts, time deposits of under $100,000, and balances in retail money market mutual funds. M3 includes M2 plus large-denomination ($100,000 or more) time deposits, balances in institutional money funds, repurchase liabilities issued by depository institutions, and Eurodollars held by U.S. residents at foreign branches of U.S. banks and at all banks in the United Kingdom and Canada. So there are several different classifications of money. Note that credit cards are not a form of money. Note that money is not the same thing as wealth. We cannot make ourselves richer by simply printing more money.