The trouble with economics can be it generates a markets know best attitude.
This may or may not be right but I like students to tackle provocative stuff
- it is part of the process of owning our own ideas - not mimicking.
Regards
Richard Young
AST Teacher of Business Studies, Economics & ICT
Deputy Head of VI Form - Year 12
Wood Green School
Woodstock Road
Witney OX28 1DX
Tel 01993 702355
Fax 01993 774961
www.woodgreen.oxon.sch.uk
BECTa/Guardian Secondary School Web Site of the Year 2001
[log in to unmask]
-----Original Message-----
From: Economics, business, and related subjects
[mailto:[log in to unmask]] On Behalf Of Duncan
Williamson
Sent: 05 June 2003 07:34
To: [log in to unmask]
Subject: Re: Finbarr found that Development online book :-)
Richard,
I downloaded the Wealth and Poverty booklet from the series you pointed us
to and was immediately struck by three things.
1 They say this on page 1: "15% of the world's population take nearly all
(91%) of the income." This is very emotive stuff and suggests that we are
all unworthy: this kind of stance is provocative and is attractive to many.
However, don't WE all assume that we earn our daily bread rather than take
it? I know I do!
2 Page 6 has this "CEOs have thwarted all control of their salaries, there
is no relationship between the performance of the companies they rule and
their compensation. The CEOs self-reward." This is not true: yes CEOs have
great power and some CEOs have enormous power; but to suggest as blandly as
this that there is NO RELATIONSHIP between performance and compensation is a
gross over simplification and the recent GlaxoSmithKline issue shows that
things could be about to change.
3 My overall impression is that nothing has changed over the last century or
so and this document adds little to the debate: it provides some nice
pictures but not much else, I'm afraid.
However, at least this series, based on my sample of one, should get the
astute and argumentative student all aglow!
Duncan Williamson
PS does anyone have any British and European comparators to add to the US
centric stuff in this series?
-----Original Message-----
From: Economics, business, and related subjects
[mailto:[log in to unmask]] On Behalf Of Richard Young
Sent: 04 June 2003 19:44
To: [log in to unmask]
Subject: Finbarr found that Development online book :-)
For those of you who want a critique of capitalism to get your development
classes outside the Washington paradigm get them to look at
http://www.gritty.org/
An overview of global economics and politics in a highly graphical
colourful presentation making a serious subject matter easy to digest.
Regards
Richard Young
AST Teacher of Business Studies, Economics & ICT
Deputy Head of VI Form - Year 12
Wood Green School
Woodstock Road
Witney OX28 1DX
Tel 01993 702355
Fax 01993 774961
www.woodgreen.oxon.sch.uk
BECTa/Guardian Secondary School Web Site of the Year 2001
[log in to unmask]
---
Incoming mail is certified Virus Free.
Checked by AVG anti-virus system (http://www.grisoft.com).
Version: 6.0.459 / Virus Database: 258 - Release Date: 25/02/2003
---
Outgoing mail is certified Virus Free.
Checked by AVG anti-virus system (http://www.grisoft.com).
Version: 6.0.459 / Virus Database: 258 - Release Date: 25/02/2003
|