Essays on Impossibility

The Impact of the Theory of the Consumer Choice on Demand Curves, Higher Wages and Higher Interest Rates

The theory of consumer behavior shows how the choice is affected by the price of goods, income and preferences, and the way buyers maximize their net gains from the purchase of goods and services. The price change of a good affects the consumer demand structure in two ways. Any change in the price results in the appearance of the income and substitution effects, as it changes the amount of available goods and their relative prices. The above effects are consumer reaction to changes in relative prices and real income (Mankiw, 2014). The substitution effect is the change in the ...

The Culture of Fashion

With special attention to decadism, Breward overviews the changes in fashion trends in the beginning of the twentieth century (184-185). Here, decades are characterized not only by specific preferences in clothing, but also by cultural and social features of the time. In other words, fashion is determined by sociocultural movements. The author highlights the importance of fashion’s temporality in organizing the chronology of the history of fashion. Particularly with this art, time frames may be easily outlined by months, years, or decades with high degree of accuracy. Therefore, fashion is described as a “cultural clock”, which is unconnected ...

Damien Hirst is one of the most expensive contemporary artists who became such because of topic of death and his own impudence. His works provoke both delight and disgust; collectors pay for them millions of dollars. How he manages to sell the dismembered animals rolled into formaldehyde for such fabulous sums – this seems to be a secret. But one thing is for sure – Damien Hirst is a talent who has his own unique style. In 1988, Hirst organized the exhibition of young artists called Freeze. A collector and promoter Charles Saatchi came to check young talents and their works. ...

Faith, being an intangible concept, is almost indefinable. But there are theologians, like Soren Kierkegaard and Paul Tillich, who dared to define faith and its role in everyday life. There are similarities and differences between the interpretation of Kierkegaard and Tillich of faith, and some critics are not contented with or opposed to their ideas, particularly as regards the subject-object division. This paper argues that a thorough, critical analysis of the ideas of Kierkegaard and Tillich regarding faith will demonstrate both theologians remaining devoted to the conflict between the finite world and the infinite, unbounded realm. Kierkegaard often emphasizes ...

Overview

The theory of consumer choice is interested in the manner through which make decisions on the amount of money that they can commit on their preferences considering their budget constraints (Levin & Milgrom, 2004). All consumers have a budget past which they cannot spend. This budget is influenced by the wealth and income of the individual consumers. The budgets erect constraints on the ability of consumers to acquire their preferences. The consumer choice theory informs the choices a consumer will make considering the price of a certain good or service and his income. The exploration of the consumer choice theory ...

Abstract

“Bartleby the Scrivener” is a marvelous short story of the American nineteen century that has been discussed greatly from various disciplinary perspectives over the last century. Bartleby has been seen as a revolutionary figure who intentionally disrupts the capitalist system and has been traced to numerous real people, including Thoreau, Emerson, and even Melville himself. Critics have attached numerous equivalences to the protagonist; therefore, it is important to study the historical, political, and cultural context to choose the proper one. “Bartleby the Scrivener” demonstrated not only allusion to specific people and conflicts in New York but also showed class ...