Reaction Paper About Monetary Policy - 3087 Words

1. SOCIOLOGY is the ordered, logical study of human society and its origins, development, organizations, and institutions. It is a social science which uses various methods of empirical investigation and critical analysis to develop a body of knowledge about human social activity, structures, and functions. A goal for many sociologists is to conduct research which may be applied directly to social policy and welfare, while others focus primarily on refining the theoretical understanding of social processes. Subject matter ranges from the micro level of individual agency and interaction to the macro level of systems and the social structure. The traditional focuses of sociology include social stratification, social class, culture,†¦show more content†¦Both Auguste Comte and Karl Marx set out to develop scientifically justified systems in the wake of Europeanindustrialization and secularization, informed by various key movements in the philosophies of history and science. Marx rejected Comtean positivism but in attempting to develop a science of societynevertheless came to be recognized as a founder of sociology as the word gained wider meaning. For Isaiah Berlin, Marx may be regarded as the true father of modern sociology, in so far as anyone can claim the title. Herbert Spencer (27 April 1820 – 8 December 1903) was one of the most popular and influential 19th century sociologists. It is estimated that he sold one million books in his lifetime, far more than any other sociologist at the time. So strong was his influence that many other 19th century thinkers, including Émile Durkheim, defined their ideas in relation to his. Durkheim’s Division of Labour in Society is to a large extent an extended debate with Spencer from whose sociology, many commentators now agree, Durkheim borrowed extensively. Also a notable biologist, Spencer coined the term survival of the fittest. Whilst Marxian ideas defined one strand of sociology, Spencer was a critic of socialism as well as strong advocate for a laissez-faire style of government. His ideas were highly observed by conservative political circles, especially in the United States andShow MoreRelatedMonetary Policy Should Consider Asset Prices944 Words   |  4 PagesTo look into the is sue of whether monetary policy should consider asset prices in particular their appreciation, we lay out a model in which we corporate a role for asset prices in particular bubbles. To carry this forth, we lay the paper out into 3 sections, where in section one we summarize our model and findings, section two we look into the model in further detail. In section three we evaluate four scenarios in which a monetary policy maker could face in a given economy, and in the last partRead MoreRational Expectation Hypothesis Proposed By Lucas ( 1973 ) And Sargent1524 Words   |  7 Pagesmoney, considering hedge risk or make investment. As a result, the monetary supply become overabundance so that promote the rise of price level. Dotsey and King (1983) implied the aggregate supply and rational expectation theory to explore the monetary policy. Consequently, they suggest that the supply hypothesis and rational expectation are conducive to the draft of an activist monetary policy. Therefore, the implementation of the policy of the central bank should make the general price level changesRead MoreEvent Study Analysis1064 Words   |  5 Pagesstock return data respond to monetary policy shocks through an event study analysis, similar to Ekanayake and Sengupta (2009) . Thorbeke concludes, measured by the innovations in the federal funds rate, that explanatory monetary policy increases ex-post stock returns. Plus, using a multi-factor model also indicates that exposure to monetary policy boosts an asset’s ex-ante return. 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