Finance and Positivism

Acquaintance According with Little (2005), reasoning of sociology is an academic order that endeavors to break down the rationale, strategy, methods of clarification of the sociologies, in which its examinations incorporate brain research, human science, human sciences, history and financial aspects. Sociology gives comprehension of ordinary collaborations of people and connections among human culture in social establishments. Giving expectation and clarification to human conduct and its outcomes are a portion of the primary points of sociology (Rosenberg, 1988).The reason for this paper is to inspect how theory of sociology can help in clarifying speculators’ practices. This paper is isolated into five segments. It will start by clarifying the theoretical practices of stock merchants on lottery sort of stocks, the likely information source and strategy. This will be trailed by presenting the idea of positivism and recognizing the explanations behind choosing positivism. This paper will likewise give a few reactions to positivism. In conclusion, the paper closes with a summary.Speculative Behaviors of the Stock Traders in Lottery Type of Stocks My exploration will be basically center around the theoretical practices of the stock brokers, for example, finance supervisors and retail examiners on lottery sort of stocks. Hypothesis is unique in relation to venture, in which as indicated by Peers (2003), On the one hand, theory includes taking huge measure of dangers endeavoring to gain snappy benefit. Hypothesis is where expected return and hazard are both indeterminate.As an outcome, examiners need to take generally enormous measure of hazard as for endeavor to foresee what's to come. A straightforward case of theory is buying gold. Theorists may feel that purchasing gold is a superior utilization of cash because of the expansion. Since gold relies more upon inflationary rate and depends less on worldwide economy, purchase gold during time of money related emergency will assist examiners with generating snappy benefit. Be that as it may, gold costs are currently incredibly high, and there is no assurance that costs will continue expanding in the future.Since there are enormous variances in gold costs, theorists are likely need to hold up under huge measure of hazard when they bought gold. Then again, as per Taylor Frigon Capital Management LLC (2007) speculation includes investigating the future procuring and the inclination of taking part in those future profit. The normal future estimation of speculation is higher than the expense of the venture. Expected future worth considers for the entirety of the potential fortunate or unfortunate occasions increase by the likelihood of those events.Investors generally scan for determinable anticipated future worth, limit hazard and financial specialists have ostensible hazard avoidance, which implies that speculators will lean toward a more ensured payout and the dubious one, in any case, fina ncial specialists will require a higher anticipated that profits all together for them should embrace the hazard. Utilizing the gold guide to separate financial specialist and examiner, speculators buy gold and hold it for quite a long time, in light of the fact that after couple of decades, the profits from selling those measures of gold will be higher than the underlying expense of purchasing those measures of gold, considerably subsequent to taking away the profits from the exchange costs.Furthermore, gold will in any case be considered as one of the most valuable metal after couple of decades. Financial specialists don't have to stress that the estimation of gold will worth nothing, accordingly expected future worth is more ensured and hazard is limited somewhat. Theorists buy gold during the times of money related emergency, and offer gold so as to purchase stocks during times of air pocket. This technique can assist theorists with generating speedy benefit, nonetheless, it is very difficult to foresee when air pocket or emergency will happen, and this vulnerability may make examiners experience colossal measure of misfortune as well.Lottery Type of Stocks According to Kumar (2009), a few stocks are delegated lottery type since they have conspicuous qualities of lottery. Lottery sort of stocks has low costs and moderately high expected result, much the same as big stake in lottery. The normal returns of lottery sort of stocks are negative however low, and they have dangerous adjustments. The value conveyance of lottery kind of stocks has exceptionally high fluctuation, and most especially, the likelihood of acquiring an immense benefit is incredibly small.Since lottery sort of stocks has an extremely huge likelihood of encountering a misfortune and a little likelihood to produce a gigantic addition, both hazard and expected future worth are vague. By applying the meaning of financial specialists and theorists that we referenced before, just examiners will have the inclination of purchasing lottery sort of stocks, because of their hazard cherishing conduct, while speculators don't, on the grounds that chance loath financial specialists like to limit chance despite the fact that there is a little change to gain enormous profit.Positivism One of the primary subjects in theory of sociology is positivism. As indicated by the Merriam-Webber’s Dictionary, â€Å"positivism† is a perspective on logical techniques and a way of thinking approach that characterizes positive information depends on common wonders and their properties and relations as checked by the exact sciences, and characterizes religious philosophy and metaphysic as prior flawed methods of knowledge.According to Perry, Riege and Brown (1999), a portion of the ontological suppositions of positivism are that the world exists remotely, it is described by normal laws and it very well may be dispassionately seen by utilizing a logical way. As such, positivism can be seen as a proper philosophy of sociology, which underscores experimental perception. Positivism is likewise connected with induction, just the occasions, things or animals that can be watched dependent on sense, understanding and positive confirmation by means of the five faculties can be considered as true knowledge.According to Creswell (2003), the fundamental epistemological suspicion of positivism is that there is an autonomous specialist of the examination venture, who is worth and inclination free, and has no impact on the aftereffect of research or information gathered. Moreover, Ticehurst and Veal (2000) states that the methodological methodology for positivism is confined in term of clarification and disclosure of realities. Analyst utilizes created speculations and structures to portray practices dependent on the perceptions and realities collected.As an outcome, logical, empiricist, experiental, deductive or quantitative methodologies are engaged with the exploration. Wha t's more, Guba and Lincoln (1994) express that the worldview stresses the worth free hypothesis testing rather than hypothesis building. A portion of the key presumptions of the positivism worldview, as per Phillips and Burbles (2000) incorporate, above all else, specialists utilize invalid theory on the grounds that established proof in their exploration is normally error prone and defective. Also, greater part of quantitative investigates start with the trial of a theory.Researches can be considered as an act of making claims, and along these lines either surrendering or refining them. Thirdly, information is molded by the information, proof and balanced contemplations. Besides, examine endeavors to create proclamations those are significant and valid, in which they can give portrayals and clarifications to the circumstance or causal relationship. Ultimately, one of the most significant pieces of a skillful request is to being objective. Information and MethodologyIn request for l ottery sort of stocks to coordinate the primary attributes of lotteries, as a matter of first importance, the information will chiefly concentrate on the stock with low costs (under one pound for every stock). Inside the arrangement of stocks with low costs, my PhD research will concentrate on stocks with higher stock explicit skewness, in light of the fact that these are the stock with higher possible result and they has all the earmarks of being progressively alluring to theorists. Ultimately, among the arrangement of stocks with higher stock explicit skewness and costs underneath one pound, my PhD research will concentrate on stocks with higher quirky volatility.It is on the grounds that stocks with higher eccentric unpredictability are bound to be considered as lottery sort of stocks, since examiners may accept that when instability is high, there is bigger likelihood to understand the outrageous returns that happened before (Kumar, 2009). The philosophy will be like Kothari and Warner (2006), in which the arrival of some random security at some random time can be acquired by including the normal return based expected return models, as Fama-French three elements model, to the anomalous return. The irregular return of a given time eriod can be acquired by averaging all the strange returns of the given time frame. Given the test measurements gave by Kothari and Warner (2006), the paper will test the invalid theory, looking at the profits of lottery kind of stocks and list returns. In the event that the test insights are essentially lower, at that point the proof may propose that the profits of lottery kind of stocks fail to meet expectations list returns, or the other way around. Reactions to Positivism Some of the reactions to the positivism is that the ontological situation of positivist versus reality that social reality exists in an autonomous manner to the specialist (Schutz 1954).It isn't useful for the exploratory research, in light of the fact that t he examination endeavors to comprehend significance of the hypothesizing procedure and shifting impression of theorists. Berg (2004) guaranteed that individuals, occasions, items and circumstance do have meaning themselves; these components present importance because of human connection. Moreover, it is improper to ask the positivistic situation on the epistemological inquiry of â€Å"In what way one can get information from a specific reality? † because of the hypothesis that researching in such a reality gives no change to that reality.Moreover, one of the principle reactions of the positivism worldview, as indicated by Hussey and Hussey (1997), is that it is difficult to

All About the Empire State Building

About the Empire State Building The Empire State Building is one of the most popular structures on the planet. It was the tallest structure on the planet when it was worked in 1931 and saved that title for almost 40 years. In 2017, it was positioned as the fifth tallest structure in the United States, besting out at 1,250 feet. The all out tallness, including the lightning bar, is 1,454 feet, yet this number isn't utilized for positioning. It is situated at 350 Fifth Avenue (somewhere in the range of 33rd and 34th boulevards) in New York City. The Empire State Building is open each day from 8 a.m. to 2 a.m., making conceivable sentimental late-night visits to the perception decks. The Building of the Empire State Building Development started in March 1930, and it was formally opened on May 1, 1931, when then-President Herbert Hoover pressed a catch in Washington and turned on the lights.The ESB was structured by the draftsmen Shreve, Lamb Harmon Associates and worked by Starrett Bros. Eken. The structure cost $24,718,000 to construct, which was about a large portion of the normal expense as a result of the impacts of the Great Depression.â In spite of the fact that bits of gossip about several individuals biting the dust on the work site coursed during the hour of its development, official records state that lone five specialists passed on. One laborer was struck by a truck; a subsequent tumbled down a deep opening; a third was hit by a crane; a fourth was in an impact area;â a fifth tumbled off a framework. Inside the Empire State Building The principal thing you experience as you enter the Empire State Building is the hall - and what an anteroom this is. It was reestablished in 2009 to its valid craftsmanship deco plan that remembers roof paintings for 24-karat gold and aluminum leaf. On the divider is an iconicâ image of the structure with light spilling out of its pole. The ESB has two perception decks. The one on the 86th floor, the primary deck, is the most noteworthy outside deck in New York. This is the deck that has been put on the map in innumerable motion pictures; two notable ones are An Affair to Remember and Sleepless in Seattle. From this deck, which folds over the tower of the ESB, you get a 360-degree perspective on New York that incorporates the Statue of Liberty, Brooklyn Bridge, Central Park, Times Square and the Hudson and East streams. The top deck of the structure, on the 102nd floor, gives you the most staggering perspective conceivable of New York and a winged animals eye perspective on the road lattice, difficult to see from a lower level. On a sunny morning you can see for 80 miles, says the ESB site. The Empire State Building additionally houses shops and eateries that incorporate the State Bar and Grill, which serves breakfast, lunch and supper in a craftsmanship deco setting. Its off the 33rd Street hall. Other than all these touristy attractions, the Empire State Building is home to rentable space for organizations. The ESB has 102 stories, and if youre fit as a fiddle and need to stroll from road level to the 102nd floor, you will climb 1,860 stages. Regular light radiates through 6,500 windows, which additionally manage the cost of breathtaking perspectives on Midtown Manhattan. Domain State Building Lights Since 1976 the ESB has been lit up to stamp festivities and occasions. In 2012, LED lights were introduced - they can show 16 million hues that can be changed in a moment. To discover the lights plan, check the Empire State Building site, connected previously.

How Self-Esteem Affects Social Anxiety Disorder

How Self-Esteem Affects Social Anxiety Disorder Social Anxiety Disorder Symptoms Print How Self-Esteem Affects Social Anxiety Disorder By Arlin Cuncic Arlin Cuncic, MA, is the author of Therapy in Focus: What to Expect from CBT for Social Anxiety Disorder and 7 Weeks to Reduce Anxiety. Learn about our editorial policy Arlin Cuncic Reviewed by Reviewed by Amy Morin, LCSW on November 29, 2019 facebook twitter instagram Amy Morin, LCSW, is a psychotherapist, author of the bestselling book 13 Things Mentally Strong People Dont Do, and a highly sought-after speaker. Learn about our Wellness Board Amy Morin, LCSW Updated on February 23, 2020 Social Anxiety Disorder Overview Symptoms & Diagnosis Causes Treatment Living With In Children Pixabay/avi_acl Self-esteem is known to play a role in social anxiety disorder (SAD) and general anxiety disorder (GAD). While lowered self-esteem may put you at risk of later social anxiety, having an anxiety disorder can also make you feel worse about yourself. In this way, these two afflictions interact to continue a negative cycle. If you wish to overcome your social anxiety, start by taking a good hard look at how you view yourself. Low self-esteem can create anxiety and loneliness, which only reinforces your negative self-image. Core Beliefs and Self-Esteem If you live with SAD, you likely have core beliefs about yourself such as I cannot control my anxiety around people, and I do not have adequate skills to cope with social and performance situations. As you can see, these core beliefs help to maintain your anxiety and may be rooted in low self-esteem. While most people have transient feelings of making mistakes, they usually bounce back. On the other hand, if you have low self-esteem, how you feel in a particular situation may determine how you feel about yourself overall.?? Your beliefs about yourself are dependent on the momentâ€"so any misstep can send you spiraling into negativity. In contrast, people with healthy self-esteem are able to accurately assess themselves, their strengths, and their weaknesses, and still believe that they are worthwhile people. Origins of Low Self-Esteem If you have low self-esteem, you might wonder how it developed. Or, perhaps you have a good idea when you started to feel this way. Experiences that can lead to lowered self-esteem include the following events during childhood and later life: Criticism from parentsPhysical, emotional, or sexual abuseNeglect or being ignoredBullying or teasingRidicule by peersUnrealistic expectations or impossibly high standards of others On the other hand, people who grow up being heard, respected, loved, celebrated, and accepted are less likely to develop a poor self-image. Of course, many people with challenging upbringings can have good self-esteem, and even those with loving parents and good experiences with peers may develop self-esteem problems. This emphasizes that low self-esteem is not something you have to live with. Your Inner Voice What does your inner voice say to you? This is one way to evaluate your self-esteem. If that voice in your head is accepting and reassuring, then your self-esteem is likely healthy. On the other hand, if you say things to yourself that are harshly critical or belittling, then you may suffer from low self-esteem. Research shows that patients with social anxiety disorder are more likely to be highly self-critical.?? People who were highly socially anxious were less likely to associate positive words with themselves than were people who were not socially anxious. Studies have also  shown that self-esteem is lower among those with social phobia compared to those without the disorder. Even more importantly, a 2011 study published in  Behavioral and Cognitive Psychotherapy  showed that people with social anxiety have negative social self-esteem and actually seek out and prefer negative social feedback through a process called self-verification.?? For some people with SAD, those negative voices in your head telling you that you are no good in social and performance situations  are actually a self-fulfilling prophecy. The more you think them, the more you seek out confirmation in the world around you that they are true. In other words, you stop looking for evidence that conflicts with your beliefs about yourself. You stop looking to discount that voice in your head that tells you that you are not good enough. Instead, you feed that voice what it wants to hear, and it continues to grow stronger. To silence the voice, you need to first acknowledge that it is there. How to Reduce Negative Self-Talk for a Better Life Cycle of Low Self-Esteem If you live with social anxiety disorder, you likely have unrealistic social standards and trouble choosing goals that are attainable.?? For example, you may believe that everyone must like you and that you must never say or do the wrong thing. In social and performance situations that you find challenging, you are likely to shift your attention inward toward your anxiety, view yourself negatively, and overestimate the negative consequences of making mistakes. You probably then fall back on strategies that you feel have worked for you in the past, such as avoiding situations or using safety behaviors. Then, when its all over, you probably repeat in your head everything you did wrong, over, and over again. In this way, low self-esteem and social anxiety perpetuate each other in a vicious cycle. While it may feel safer to stay home from that party or avoid a meeting at work, how does it make you feel about yourself as a person? 3 Coping Strategies That Actually Make Social Anxiety Worse Boosting Self-Esteem and Lowering Social Anxiety If you have low self-esteem, its not a life sentence. Even if youve been held back in your life because of your low self-esteem, you can begin to make small changes that will improve your outlook on yourselfâ€"which can only have positive outcomes in terms of your social anxiety. While treatment such as cognitive-behavioral therapy (CBT) is advised to manage symptoms of SAD, and may help your self-esteem as well, you can also do things on your own to help boost your ability to accurately view and accept who you are: Challenge That Inner Voice Get in the habit of listening to what you say to yourself. Then, when you are critical, try to acknowledge what you did right instead of beating yourself up over what you did wrong. Be Compassionate Treat yourself as well as you would treat a close friend or family member. Remember what we already said? If you are  heard, respected, loved, celebrated, and accepted  you are more likely to develop healthy self-esteem. THINK When you speak to yourself, ask yourself is it True, Helpful, Inspiring, Necessary, and Kind (THINK)? If not, find something else to say. Stay in the Present See past your mistakes. One mistake doesnt mean a lifetime of failure. See past transient situations such as a person frowning at you. It may have nothing to do with you. Why not ask instead how you can help or if something is wrong? Dont look too far into the future and expect things to go badly. None of us know or can predict what is going to happen tomorrow, a week from now, or a year from now. Forgive Yourself Most importantly, forgive yourself for anything thats been holding you back. This is your chance to wipe the slate clean. Know that you are human and will not do everything perfectly. Accept bad emotions as they come, but dont let them sweep you away in their current. How to Forgive Yourself A Word From Verywell If you find yourself living with low self-esteem and social anxiety that is difficult to overcome on your own, consider reaching out to a friend, family member, doctor, or other person in the community to explain how youve been feeling. Sometimes feelings of low self-esteem and anxiety are so severe that they require professional help, in the form of therapy and/or medication. There is no shame in reaching out for help. Rather, reaching out for help may allow you to move forward and help others in the same position as you.

Health Promotion Professionals Voluntary Sector...

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To find parent support groups, play and leisure groups, sibling groups, respite and other services in your area contact social services. If the child is hospitalized for short/long periods of time there are facilities and help groups placed within the hospital services which also provide contact numbers, Policies for improving health in early life are aimed at increasing children’s and parents awareness the general level of education and provide equal opportunity of access to education, to improve the health of children and families, by providing health andShow MoreRelatedLetter Of Motivation : Why Are You Interested Of Studying Medicine?1308 Words   |  6 Pagesbe prevented in the community level and how people in the community can be served better. It knocked in my mind and I became interested to learn more about public health. During my one year paid internship in Dhaka Medical College and Hospital, I decided to build my career in public health. 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Personal Growth And Preparation For Future Goals - 990 Words

Kids these days are involved in numerous sports. Therefore, lots of time is spent practicing. A number of people believe children are too focused on sports and not focused enough on anything else. Young athletes are pushing themselves to become superior everyday; they are spending a large amount of time on the court, the field, or the track. Every year, there are younger children getting involved with sports. Certain people find that it is too much for such young kids. Therefore the criticism towards intensely focused athletes can be overcome by understanding its benefits for personal growth and preparation for future goals. The problem multiple children are facing today is the criticism from adults because they choose to be involved in multiple sports. They make sure that they are spending enough time practicing so they can be perfect. When they practice too much is when people begin to talk. 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Beliefs and values influence the decisions or choices people make in their personal and professional lives. My philosophy of nursing incorporates my beliefs and values, which includes being an advocate for patients and their

Creative Writing †Happyness (Partial) Free Essays

â€Å"Mother, I can not wait for school today!† At four years old I shouted this with excitement and glee, wonderful thoughts sprung into my mind and bounced around it like hot air in a balloon. Nothing could burst my bubble and I was determined to make a excellent impression on my new and caring teacher. It was my first day at primary school and I was to be introduced into reception. We will write a custom essay sample on Creative Writing – Happyness (Partial) or any similar topic only for you Order Now Miss Campsten, a young and friendly lady took my hand and led me into the strange yet curious room. I could see a dozen toddler faces gleaming up at me. It was all so inviting and fresh. Only then had I realised these were my new classmates. I scanned the room for a play mate and saw what I was sure was a sobbing boy. He moaned and groaned in the corner of the room behind a creaking wooden door. I shuffled slowly over and plucked up the courage to ask him â€Å"Will you play with me?† He twisted his head upwards to face me and smiled, I knew this was the start of a friendship which would seem to never end. Slowly but gradually he started to come out of his shell frequently talking to me like a shy tortoise. Playing in the deep and spacey sandpit was great. I used to pick up the sand and let it slide through my fingers acting as if it was a human sieve. Ben copied me and laughed at my stupid thinking in an amused matter. I did not really mind as long as it kept him happy. I was always confused about why he was so depressed that morning. The curiosity was biting at me like an impatient gnat. Miss Campsten explained, Ben, was suffering home sickness and had also been admitted that morning into school. At this age I did not believe this excuse, how could you be home sick at school? How could you not be excited?! I was buzzing like a bee around the classroom collecting worksheets and doing simple errands for Miss Campsten. It was overwhelming, I had no time to stop and think, learning numbers and the alphabet was challenging enough. Things were flowing nicely at school, new friends, great respect from my teacher and most of all a brilliant learning experience. The afternoon only just got better! We had taken a trip to the school gardens which led down a long, windy path to a greenhouse. The greenhouse was perfectly sound and stable with beautiful plants adorning it. The vast space inside was fascinating. Plant pots and crockery lay perfectly around the sides of the greenhouse on clear glass shelves. Ben and I screamed in delight! Delicately we picked an orchid to deliver as a gift to Miss Campsten, our teacher we were surprisingly fond with only after a few hours. The orchid embellished stunning features with its striking purple leaves and its long elegant stem. Perfection to a tee! â€Å"Home time children!† she said while clapping her hands enthusiastically. Oh no! The day had flown by in a flash. Ben and I exchanged grins of cheerful spirit because we had to explore so much more tomorrow. How to cite Creative Writing – Happyness (Partial), Papers

Relating Marxist Theory with the Business Cycle in Economics free essay sample

Marx question essay How does an over-abundance of goods produce an apparent famine (depression)? Is it possible to produce too much as Marx contends and if so, how can such overproduction be prevented? When Marx says over production causes famine he is referring to the economic/ business cycle. This is a theory which had been confirmed by the ‘the panic of 1825’a stock market crash that started in the Bank of England arising in part out of speculative investments in Latin America, including the imaginary country of Poyais. This is how it works: The growth trend refers to potential Gross domestic Product (GDP) or simply the level of economic growth, which is desiredi. e. in which the level of unemployment neither below nor above the optimal level. The bending arrows represent the actual level of economic growth achieved or RealGross domestic Product (RGDP). This is alsocalled real output aslabeled on in the diagram. We will write a custom essay sample on Relating Marxist Theory with the Business Cycle in Economics or any similar topic specifically for you Do Not WasteYour Time HIRE WRITER Only 13.90 / page Aggregate demand is the total amount of goods and services that all buyers in an economy want to buy at different prices, Aggregate supply is the total quantity of goods and services produced in an economy at different price levels) This happens in perpetual cycles that cannot usually be accurately predicteduntil it is too late. Governments and the market try to ease the effects of these cycles. When Marx says â€Å"a great part not only of the existing products, but also of the previously created productive forces, are periodically destroyed† he is referring to the collapse of markets, the closure of business and the loss of jobs that happen during recessions. And when he saysâ€Å"famine† and â€Å"a state of momentary barbarism† he is talking of the effects of these collapses such as widespread unemployment, shortages of food, protests and riots and a general reduction in standards of living. Despite the unpredictability of the economic cycle what is certain is that a recession follows a boom. In a boomas more is produced people earn more and spend more, as a result prices become higher, and when prices become too high people are in effect earning less and they spend less therefore then the economy goes into recession, eventually the process repeats itself. This is why it can be contended that overproduction causes this famine. In Marx’s eyes the destructive effects of the cycle become worse and worse each time it occurs and this will eventually lead to the total collapse of the system itself. The only remedy to this problem would be a complete upheaval of this system. This is because of the way it its intrinsically structured. Marx says isâ€Å"Constant revolutionizing of production, uninterrupted disturbance of all social conditions, everlasting uncertainty and agitation distinguish the bourgeois epoch from all earlier ones. † What this means is that the system is built in such a way that production needs to keep changing and expanding; as old markets close new ones open up and this continues on in this way. This causes the fluctuations in aggregate demand and supply and consequently the cycle of boom and recession. So while society may try to ease the effects of the fluctuations the fluctuations themselves cannot be stopped. Thus another way of providing for the needs of people needs to be developed, the bourgeoisie needs to be uprooted and a system of communism put in place. If material wealth is distributed on the basis of need there should never be over-production, there will be no need for continual exploitation of new markets and thus the economic cycle should no longer occur. Marx’s thinking makes a lot of sense especially when observing the effects of economic downturns since the panic of 1825. Their effects have gotten increasingly worse. In latest downturns we see record high rates of unemployment and record lowstandards of living globally. However the claim that this directly arises from over-production can be disputed because of the basic principle of supply and demand. Production in a Capitalist economy is driven by demand. If people are willing to purchase goods at certain prices they will be produced by profit seeking (1) http://en. wikipedia. org/wiki/Business_cycle#Marxist_economics suppliers. If demand falls, production falls and vice versa. Therefore one can argue that production is dependent on societies’ needs and wants so any overproduction will be an impossibility, as nothing that is not demandedwill be produced. This has the implication that the fluctuations in the economy are caused by societies’ demands. However if society were to bearranged in such a way that the means of production were commonly owned and wealth was distributed by basis of need then the fluctuations would affect everyone equally and would effectively cause no real problem. In this situation a communist system would be essential Overall one would say that Marx’s idea seems to hold water. This is especially because of the historical evidence we have of economic crises even long after his death. Nevertheless there are some inconsistencies in what he contends and those need to be addressed for his system to work. As I stated in class there should have been more distinction between Marxist economic theory.