.... and Reinhard Selten of the Rheinische Friedrich- Wilhelms-Universitat in Bonn(a German economists), shared the award, and the $930,000 cash award for their achievements in economics." The trios accomplishment portrayed the significance of Von Neumann and Morgenstern's contribution to game theory, which was recognized by economists and others almost immediately. The lessons they drew from homely games like chess and poker had exemplified universal application to economic situations in which the participants had the power to anticipate and affect other participants' actions. Harsanyi stated "it is a theory of strategic interactions .....

.... Piece Rate Wages..n 2. Table 2........................n 3. Table 3........................n 4. Table 4........................n 5. Table 5........................n Introduction This paper is in response to the assignment for a paper and short speech concerning a person with relevant contributions to the world of management. Frederick Taylor is affectionately referred to as the “Father of Scientific Management.� The modern systems of manufacturing and management would not be the examples of efficiency that they are today, without the work of Taylor. Frederick Taylor was instrument .....

.... went to Detroit to work as an apprentice machinist. Ford remained an apprentice for three years, he then returned to Dearborn. Over the next few years Ford repaired steam engines found occasional work in factories and over hauling his father farm equipment. Upon his marriage to Carla Bryant in 1888 he supported himself by running a sawmill, but Ford was looking for better opportunities, and in 1891 he began work as an engineer in the Edison Illuminating Co., this signified a conscious decision an Ford’s part to dedicate his life to industrial pursuits. his promotion to chief engineer in 1893 gave him enough time and money to devote at .....

.... a 3.0% growth in the third quarter, compared to 2.2% in the second quarter. Eventhough it is not true recession, the slow growth is a sure sign of a slight one. Low inflation is also is also prevalent and is symptomatic of a weak economy. A low inflation rate of 1.4% in November 1996 does not provide much of an indication for economic growth and expansion. A shrinking positive balance of payments indicates these are tough economic times. A fourth indication of a slight recession is the high unemployment rate. An unemployment rate of 10.0% in November 1996 is definitely not a sign of strong economic recovery. Canada is always tr .....

.... that does and will continue to plague advertisers in the future will be persuading the viewer to try the service or product. Interactivity has three core characteristics: I. Offers much more information than a television advertisement. II. Requires the conventional copywriting skills combined with those of the direct marketer to turn the browsing viewers into sales prospects. III. The emphasis, simply due the nature of the medium, is more likely to be on sales promotion type tools to entice the viewers to visit an ad and from then on constantly refreshing the content and creative treatment, to ensure that they revisit it (Steyn, 1996) .....

.... forces the everyday worker to support those currently on Social Security with his payments. Whoever is still in the work force should be given the opportunity to do with their money as they see fit. If someone feels that they are unable to invest wisely in the stock market, there are other options available. For instance, and perhaps the simplest, is to invest the funds into a money-market account, which will on average receive 1-1 1/2% more interest than a traditional savings account. From the time the average American starts working - say 16 or 17 - till the time he retires, there will be a lot of money that has accumulated in this accou .....

.... in French, “leave alone to do�, is self-explanatory. A strong believer in this type of economics is Adam Smith, both a philosopher and an economist. Born on 1723 in Kirkcaldy, Fife, he studied at Oxford, and became a professor of logic at Glasgow (1751), but took up the chair of moral philosophy the following year. In 1776, he moved to London, where he published An Inquiry into the Nature and Causes of the Wealth of Nations (1776), the first major work of political economy. This examined in detail the consequences of economic freedom, such as division of labor, the function of markets, and the international implications of a .....

.... trend that started approximately six years ago, the stock market is in what is commonly referred to as the longest bull market in history. And with the Dow Jones Industrial Average (DJIA), the Standard and Poor's 500, and Nasdaq Composite continuing to break new records, many in the financial world are worrying about what is in store for the market this year. Specifically, they are concerned whether or not the stock market will correct (or worse, crash) in 1997. In focusing on the possibility of a market correction or crash this year, some arguments for and against will be examined. Currently, many people, including financial analysts, mone .....

.... of living is one of the major obstacles toward development. Low levels of living is comprised of low incomes, high inequality, poor health and inadequate education. The gross national product (GNP) is the most commonly used measure of the overall level of economic activity. The gross domestic product (GDP) measures the total value for final use of output produced by an economy, by both residents and nonresidents. Thus GNP comprises GDP plus the differences between the income residents receive from abroad for factor services (labor and capital) fewer payments made to nonresidents who contribute to the domestic economy. Many Third World cou .....

.... working by relating it to religious beliefs. Sloth is sinful, but the Puritans also pointed out that it was self-defeating. Leisure is even considered an "evil temptation" (Bedford and Colbourne 235-238). Marge Piercy, a modern day poet, essayist, and novelist, attempts to explain why work is desirable on contemporary terms in her poem "To Be of Use." To Piercy, hard workers who really persevere are admirable because of the fact that the world is full of temptations to stop working, or to not work altogether. This admiration for determination is apparent because work is as "common as mud," and it must be done sometime (Piercy 2 .....