Essay/short answers Essay Example | Topics and Well Written Essays - 750 words

/short answers - Essay Example The war integrates the constitutional and agrarian plebeian’s demands. Marcus Furius Cammillus, the conservative Patrician leader viewed the law as possible concession. The law is initiated towards the end of the 375 BCE anarchy periods. In the period, there were no elected or legitimate chief magistrates at Rome. Several constitutional aspects attempted to address the legitimacy of the chief magistrates, and also ensure more power to the plebeians (Walter 38). The agrarian aspects of the compromise illustrated higher form than substance, and hence were easily evaded. The year immediately after the compromise, saw a plebeian express interest in the consul. Majority of the historians illustrate that this is the initial time plebeians were allowed to work as consuls. The Lucinio-Sextian law also handled the economic demand of the Plebeians. The Consulship opening to Plebeians is the main reason for the 366 BCE concessions that developed both Praetorship and Curule Aedileship, which was open to only the Patricians. The Punic Wars entailed three wars that took place between 264BC and 146BC, from Rome to Carthage. The wars were the largest during that historical period. The main reason for the Punic Wars involved the conflicting interest between the Carthaginian Empire and also the Roman Republic which was expanding at high rates. The main interest of the Romans greatly depended on the expansion through Sicily, which was a strategic cultural melt point. A huge portion of Sicily was under the control of the Carthaginian authorities. The beginning stages of the Punic War illustrated Carthage as the dominant authority in Western Mediterranean, controlling a huge maritime empire. Rome was continuously dominating power in Italy; however, it did not possess the naval power that was illustrated by the Carthage (Bradley 97). During the final stages of the Punic Wars, Rome too effective control of the Carthage Empire, entirely destroyed Carthage

What to Do When the Invisible Hand Stops Working Essay

What to Do When the Invisible Hand Stops Working - Essay Example At a glance, Smith’s invisible hand is known for the market’s regulation of the market (and self-healing too according to Buchanan) and the government’s necessity to intervene in the market.   This was mentioned in passing but was not explained in detail leaving the reading without much clue that compels this paper to elaborate. With regard to the invisible hand of the market, Adam Smith originally meant that the mechanism of the invisible hand is a result of the market settling the distribution of goods and the prices between what the producers want to produce and what the consumers choose freely what to consume.   As a result, producers will have to create goods that are cheaper to produce undermining competition and gain market share.   This competition will ultimately benefit the individual consumer and hence, the greater community as a whole.   On a bigger picture, Adam Smith’s invisible hand may have been the precursor of globalization or the free market.   Perhaps even predated David Ricardo’s idea of Comparative Advantage of trading across economies in suggesting the idea of the freedom of trade as Adam Smith already tackled the dynamics of free trade across economies.   Adam Smith posited that a poor country will naturally have cheap labor and would be willing to work for wages lower than those of their rich counterpart countries.   As a result, the industry will naturally move to these countries as they make more profits by discounting on the labor cost as afforded by the poor country.   As the demand for labor increases, wages will also increase and will result in the higher purchasing power of those mentioned laborers.   As purchasing power increase, these new consumers will create a demand that local industry will have to hire additional labor to cope with the increasing demand for goods.   As this continues, the labor cost of the once poor country will eventually equal those of the host rich country to the point that the advantage of the poor country to provide cheap labor will be lost that it will no longer be advantageous for the rich country to move their factory or industry to the poor country.   In effect, Adam Smith was presupposing that the invisible hand will â€Å"guide† and regulate the market in the most beneficial manner.