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Political Capital
Political capital is the term used for an individual's ability to influence political decisions. This capital is built from what the opposition thinks of the politician, so radical politicians will lose capital. Political capital can be understood as a metaphor used in political theory to conceptualize the accumulation of resources and power built through relationships, trust, goodwill, and influence between politicians or parties and other stakeholders, such as constituents. Political capital can be understood as a type of currency used to mobilize voters, achieve policy reform, or accomplish other political goals. Although not a literal form of capital, political capital is often described as a type of credit, or a resource that can be banked, spent or misspent, invested, lost, and saved. Some thinkers distinguish between reputational and representative political capital. Reputational capital refers to a politician's credibility and reliability. This form of capital is accumul ...
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Capital (economics)
In economics, capital goods or capital are "those durable produced goods that are in turn used as productive inputs for further production" of goods and services. At the macroeconomic level, "the nation's capital stock includes buildings, equipment, software, and inventories during a given year." A typical example is the machinery used in factories. Capital can be increased by the use of the factors of production, which however excludes certain durable goods like homes and personal automobiles that are not used in the production of saleable goods and services. Adam Smith defined capital as "that part of man's stock which he expects to afford him revenue". In economic models, capital is an input in the production function. The total physical capital at any given moment in time is referred to as the capital stock (not to be confused with the capital stock of a business entity). Capital goods, real capital, or capital assets are already-produced, durable goods or any non ...
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Credibility
Credibility comprises the objective and subjective components of the believability of a source or message. Credibility dates back to Aristotle theory of Rhetoric. Aristotle defines rhetoric as the ability to see what is possibly persuasive in every situation. He divided the means of persuasion into three categories, namely Ethos (the source's credibility), Pathos (the emotional or motivational appeals), and Logos (the logic used to support a claim), which he believed have the capacity to influence the receiver of a message. According to Aristotle, the term "Ethos" deals with the character of the speaker. The intent of the speaker is to appear credible. In fact, the speaker's ethos is a rhetorical strategy employed by an orator whose purpose is to "inspire trust in his audience." Credibility has two key components: trustworthiness and expertise, which both have objective and subjective components. Trustworthiness is based more on subjective factors, but can include objective me ...
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The Review Of Austrian Economics
''The Review of Austrian Economics'' is a peer-reviewed academic journal published by Springer Science+Business Media. It was established by Murray Rothbard, who edited ten volumes between 1987 and 1997. After his death, Walter Block, Hans-Hermann Hoppe, and Joseph T. Salerno edited the journal for two years. It was published by Lexington Books and later by Kluwer Academic Publishers. The Ludwig von Mises Institute then replaced the journal with the ''Quarterly Journal of Austrian Economics''. The review is now affiliated with George Mason University. In 1999 it continued publication with volume 11.''The Review of Austrian Economics'' archives
at website. Th ...
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Pierre Bourdieu
Pierre Bourdieu (; 1 August 1930 – 23 January 2002) was a French sociologist and public intellectual. Bourdieu's contributions to the sociology of education, the theory of sociology, and sociology of aesthetics have achieved wide influence in several related academic fields (e.g. anthropology, media and cultural studies, education, popular culture, and the arts). During his academic career he was primarily associated with the School for Advanced Studies in the Social Sciences in Paris and the Collège de France. Bourdieu's work was primarily concerned with the dynamics of power in society, especially the diverse and subtle ways in which power is transferred and social order is maintained within and across generations. In conscious opposition to the idealist tradition of much of Western philosophy, his work often emphasized the corporeal nature of social life and stressed the role of practice and embodiment in social dynamics. Building upon and criticizing the theories o ...
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Social Capital
Social capital is "the networks of relationships among people who live and work in a particular society, enabling that society to function effectively". It involves the effective functioning of social groups through interpersonal relationships, a shared sense of identity, a shared understanding, shared norms, shared values, trust, cooperation, and reciprocity. Social capital is a measure of the value of resources, both tangible (e.g., public spaces, private property) and intangible (e.g., actors, human capital, people), and the impact that ideal creators have on the resources involved in each relationship, and on larger groups. Some have described it as a form of capital that produces public goods for a common purpose, although this does not align with how it has been measured. Social capital has been used to explain the improved performance of diverse groups, the growth of entrepreneurial firms, superior managerial performance, enhanced supply chain relations, the ...
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Edward C
Edward is an English given name. It is derived from the Anglo-Saxon name ''Ēadweard'', composed of the elements '' ēad'' "wealth, fortune; prosperous" and '' weard'' "guardian, protector”. History The name Edward was very popular in Anglo-Saxon England, but the rule of the Norman and Plantagenet dynasties had effectively ended its use amongst the upper classes. The popularity of the name was revived when Henry III named his firstborn son, the future Edward I, as part of his efforts to promote a cult around Edward the Confessor, for whom Henry had a deep admiration. Variant forms The name has been adopted in the Iberian peninsula since the 15th century, due to Edward, King of Portugal, whose mother was English. The Spanish/Portuguese forms of the name are Eduardo and Duarte. Other variant forms include French Édouard, Italian Edoardo and Odoardo, German, Dutch, Czech and Romanian Eduard and Scandinavian Edvard. Short forms include Ed, Eddy, Eddie, Ted, Teddy and ...
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George W
George Walker Bush (born July 6, 1946) is an American politician who served as the 43rd president of the United States from 2001 to 2009. A member of the Republican Party, Bush family, and son of the 41st president George H. W. Bush, he previously served as the 46th governor of Texas from 1995 to 2000. While in his twenties, Bush flew warplanes in the Texas Air National Guard. After graduating from Harvard Business School in 1975, he worked in the oil industry. In 1978, Bush unsuccessfully ran for the House of Representatives. He later co-owned the Texas Rangers of Major League Baseball before he was elected governor of Texas in 1994. As governor, Bush successfully sponsored legislation for tort reform, increased education funding, set higher standards for schools, and reformed the criminal justice system. He also helped make Texas the leading producer of wind powered electricity in the nation. In the 2000 presidential election, Bush defeated Democratic incum ...
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2004 United States Presidential Election
The 2004 United States presidential election was the 55th quadrennial presidential election, held on Tuesday, November 2, 2004. The Republican ticket of incumbent President George W. Bush and his running mate incumbent Vice President Dick Cheney were elected to a second term, defeating the Democratic ticket of John Kerry, a United States senator from Massachusetts and his running mate John Edwards, a United States senator from North Carolina. At the time Bush's popular vote total was the most votes ever received by a presidential candidate, a total that has since been surpassed; additionally, Kerry's total was the second most. Bush also became the only incumbent president to win re-election after losing the popular vote in the previous election. Bush and Cheney were renominated by their party with no difficulty. Former Vermont Governor Howard Dean emerged as the early front-runner in the 2004 Democratic Party presidential primaries, but Kerry won the first set of primaries ...
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Honeymoon Period
A grace period is a period immediately after the deadline for an obligation during which a late fee, or other action that would have been taken as a result of failing to meet the deadline, is waived provided that the obligation is satisfied during the grace period. In other words, it is a length of time during which rules or penalties are waived or deferred. Grace periods can range from a number of minutes to a number of days or longer, and can apply in situations including arrival at a job, paying a bill, or meeting a government or legal requirement. In law, a grace period is a time period during which a particular rule exceptionally does not apply, or only partially applies. For the grace period in patent law, see novelty (patent). In games (video and real life), a grace period is the time after a respawn in which a player cannot be hit or killed – they are 'safe' for a short time so that they will not die repeatedly, which would lead to loss of enjoyment. Types Business So ...
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Diplomatic Capital
Diplomatic capital refers to the trust, goodwill, and influence which a diplomat, or a state represented by its diplomats, has within international diplomacy. According to political scientist Rebecca Adler-Nissen, diplomatic capital is a kind of currency that can be traded in diplomatic negotiations and that is increased when positive ″social competences, reputation and personal authority" are portrayed. Accumulation and loss Diplomatic capital can be accumulated for example by economic cooperation and by contributions to the solution of international crises, It is strengthened when in other countries the sentiment prevails that the interests of a state or the diplomats representing it are aligned with their own interests. Conversely, it can be squandered when a country engages in a confrontation, an armed conflict or a war, if that is perceived as unjust or at odds with the interests of others. Diplomatic capital is also linked to the extent of enforcement of human rights ...
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Mandate (politics)
In representative democracies, a mandate (or seat) is the authority granted by a constituency to act as its representative. Elections, especially ones with a large margin of victory, are often said to give the newly elected government or elected official an implicit mandate to put into effect certain policies.Glossary , Elections ACT. Jul 2012. http://www.elections.act.gov.au/glossary (cf., ''The Government's claim that once elected they have the right and responsibility to implement their policies''.) When a government seeks re-election they may introduce new policies as part of the campaign and are hoping for approval from the voters, and say they are seeking a "new mandate". Governments and elected officials may use language of a "mandate" to lend legitimacy to actions that they take in office. In some languages, a "mandate" can mean a parliamentary seat won in an election rather than the electoral victory itself. In case such a mandate is bound to the wishes of the elector ...
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Social Capital
Social capital is "the networks of relationships among people who live and work in a particular society, enabling that society to function effectively". It involves the effective functioning of social groups through interpersonal relationships, a shared sense of identity, a shared understanding, shared norms, shared values, trust, cooperation, and reciprocity. Social capital is a measure of the value of resources, both tangible (e.g., public spaces, private property) and intangible (e.g., actors, human capital, people), and the impact that ideal creators have on the resources involved in each relationship, and on larger groups. Some have described it as a form of capital that produces public goods for a common purpose, although this does not align with how it has been measured. Social capital has been used to explain the improved performance of diverse groups, the growth of entrepreneurial firms, superior managerial performance, enhanced supply chain relations, the ...
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