Public economics aims to allocate resources to benefit all individuals in a market, with redistribution of wealth being a major tenet. A command economy or wealth redistribution are common methods used, but both have their challenges. Public choice is placed in the hands of individuals, but sustainability may be an issue. The public economic theory […]
The theory of continental drift suggests that all continents were once united into one supercontinent called Pangea, which drifted apart over time. Alfred Wegener first proposed this theory in 1912, but it was not widely accepted until the 1950s. Evidence such as identical fossils and minerals on separate continents, along with the theory of plate […]
Theory Z is a management technique that combines American and Japanese approaches to business, emphasizing a common environment among employees and social values. It originated from Douglas McGregor’s “Theory Y” and William Ouchi’s response to it, promoting a community-oriented approach. Theory Z encourages slow company advancement, long-term employment, and high support for skills development. Theory […]
Trickle-down theory suggests that improving conditions for the richest members of the economy will stimulate production and benefit the poorest. However, critics argue that it widens the wealth gap and only enriches the rich. It is based on the laws of supply and demand and is contrary to the theory that lack of demand is […]
The resource curse theory suggests that countries with rich but limited natural resources may fail to develop other industries, leading to financial problems. This can result in a lack of infrastructure and wealth concentration, and reliance on other nations. To combat this, economists encourage diversified investment and development. The resource curse theory is a theory […]
Econometric theory uses math, stats, and economics to create models for business studies. There are different types, including introductory, spatial, and nonparametric estimation, each relying on collected data. Econometrics aims to provide the best data for decision-making with less risk and greater economic rewards. Econometric theory uses a blend of mathematics, statistics, and economics to […]
Marxist crisis theory examines the causes of economic crises, including the tendency for boom and bust cycles in capitalism. Marx argued that all crises can be linked to a fall in the rate of profit, leading to a snowball effect of unemployment and underconsumption. Some believe capitalism is not sustainable and interventions like nationalization may […]
The Theory of Constraints, presented by Dr. Eliyahu M. Goldratt, suggests that productivity is limited by bottlenecks in a system. His five-step process aims to improve efficiency, productivity, and profitability by managing or circumventing these constraints. The process involves identifying the most restrictive bottleneck, examining its activities, subordinating non-constraint features, and determining whether productivity has […]
Jean Piaget’s theory of cognitive development involves finding equilibrium between assimilation and accommodation. Humans go through four stages of growth, building on each other, and developing more complex thought processes. Genetic makeup and environment play a role in overall intelligence. In most cases, the theory of cognitive development refers to a case study written by […]
The domino theory was a Cold War-era idea that suggested communist influence in one country could lead to the spread of communism to neighboring countries, just like a row of dominoes falling. This theory influenced American foreign policy in the 1950s and 1960s, leading to interventions in Korea and Vietnam. It was revived in the […]
Relational frame theory explains how humans infer relationships between objects using language and symbolic relationships. It expands on BF Skinner’s theories of behaviorism and highlights the unique cognitive learning tool of language possessed by humans. Humans can infer relationships using imagination and experience, while non-human organisms can only identify relationships through conditioning. Relational frame theory […]
The assassination of President John F. Kennedy in 1963 sparked years of speculation and investigation. The Warren Commission concluded that Lee Harvey Oswald acted alone, firing three shots from a book depository building. The “single bullet theory” suggested that one bullet caused multiple wounds to both Kennedy and Governor Connally. Critics have questioned the theory, […]
Public policy theory is the study of policies that affect the public, often taught in university courses. It involves observing and analyzing policy with theory, and can lead to careers in academia. Understanding of history and politics is helpful, and there are numerous publications on the subject. Public policy theory is the study or discussion […]
The Lone Gunman Theory, stating that Lee Harvey Oswald acted alone in the assassination of JFK, has been challenged by conspiracy theorists who believe in a cover-up. The theory is based on witness testimony and forensic evidence, but inconsistencies have been pointed out, including the trajectory of the “single bullet” and the possibility of multiple […]
Achievement motivation theory is part of the three needs paradigm, which determines different personality types in work environments based on needs for success, authority, and affiliation. Employees with a high need for success tend to be independent and goal-oriented, and employers can use screening tests to place them effectively. Achievement motivation theory is part of […]
The traditional IQ test only measures analytical skills, but the triarchic theory of intelligence adds creative and practical intelligences to estimate a person’s potential. Contextual intelligence, or practical intelligence, is the ability to apply knowledge to the real world. The experiential intelligence aspect bridges analytical and practical thinking, and creative intelligence is highly specialized. The […]
Just war theory is a set of philosophical doctrines that determine the justifiable causes for war, codes of conduct during combat, and rules for post-war actions. The theory includes jus ad bellum, jus in bello, and jus post bellum, which focus on just causes for war, codes of conduct during combat, and proportionate actions towards […]
When choosing online music theory classes, students should review the syllabus, check for visual and auditory examples, self-test features, good music terminology, communication with the teacher and other students, general course schedule, transfer credit, teacher qualifications, and cost. Specific goals should be determined and compared to the student’s needs. People can study music theory online […]
The “capability theory” suggests that students learn best when educational tools like television and computer games are used to present lessons based on their ability to remember and understand topics. The theory examines how unconventional tools can help students learn and acquire knowledge, and discusses three important elements: narrative processing, educational content processing, and distance. […]
Attribution theory in psychology explains how people attribute causes to actions and events. There are two types of explanations: internal and external. People are inconsistent when applying attributions and tend to take credit for success and avoid blame for failure. Attribution theory can influence social interactions and is important in challenging prejudices and understanding workplace […]
