What are the five constant factors of the art of war according to Sun Tzu?
Heaven, Earth, Method of Discipline, Moral law, Commander
TZU Role of War and the State
Should only go to war when necessary but should end quickly
How Tzu factors of war can be allplied to Bus (Heaven)
Heaven-Signifies night and day, cold and heat, times and seasons. These are things that we can't control and we have to be able to adapt as needed as a business.
ow Tzu factors of war can be allplied to Bus (Earth)
Earth-comprises distances, great and small; danger and security. Geography, Businesses need to factor geography into their planning.Especially now with international trade. Transportation costs are very important so know the geography can help with that.
TZU 5 Cardinal virtues
Self Respect/Self Control
Wisdom
Uprightness of mind
Humanity/Benevolence
Good Faith
The 6 Steps in the Art of war
Laying plans
Waging Wars
Attack by Strategen
Tactical Disposition
Energy
Weak Points and Strong Points
Connection to the Art of War and Darwin
The people who adapt the best are the ones that are going to survive (win)
What was the first type of property? Veblen
Women
(Galbraith )Where do wants originate from?
Productions creates wants which can become needs
Del Castillo
Conquistador from Spain
Motivation was religion and money
Endgame for the Atec was Disease (Smallpox)
Why is paper money valuable? (Marco Polo)
It had a seal on it
Gold backing
You couldn't forfeit it
Was widely distributed
Impacts of Polo
Found a new trade route (Silk Road)
Discovered Paper money for the western society
What did he think the role of government should be according to Mills?
#NAME?
What were the different components of wealth? From John Stewart mill
Importing and exporting
Aquinas Background
Born in Italy to a very wealthy family but he wanted to give away all his money and become a preist
His family (dad) was so upset about this that he locked him up in
Usury
Thee act of lending money at an unreasonably high rate of interest
Aquinas
Aquinas though on taxes
Thought it was very bad, Its the peoples money and we (government, church) shouldn't take it from them
Keynes
He wanted the government to lower taxes and increase government spending. He wanted to give back to the working class. He wanted to stimulate from the bottom up. It was very controversial for the gov to be in a deficit.
Keynes and Market valuation (How do you vaule something)
You value something by considering many factors not just the price that is given
Matching supply and demand
When does a bubble occur?
Buying on speculation, not on value. It's all hearsay, then it eventually crashes.
It was the idea that if it kept going up in value then it would continue on that trend.
Tulipomania
-Single tulip bulb could be traded for a up scale house in Ambsderdamn in the Golden Age
-They were a symbol of wealth and success
-It was the idea that if it kept going up in value then it would continue on that trend(people buying and selling with tulip futures)
-Since people are buying on speculation, people evetually realized they were paying a crazy amoung of money for only a flower and then the bubble burst
Other bubbles (Mckay)
Housing bubble of 2008
Cryptocurrencies
What was the thing that freed the salves?
The emancipation proclamation.
Was Greely from Brittian
No, he was an newspaper jounalist
Why would Horace Greely attack President Lincoln
he wanted to end slavery but his personal beliefs would not trump polices( he had to save the Union). Personal vs. public opinions.
What do you need for double entry accounting
Debits and Credits
Checks and Balances
Writing Systems
An economy that can handle trade and Commerce
Where would we be without it would the economy be as good?(Double entry accounting )
No, it has helped the economy flurish
*Double entry accounting needs accountability because they always have to be in balance