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Relational Goods
Relational goods are non-material goods that can only be produced and consumed within groups, and which are intrinsically linked to relationships and interaction. Popular examples include the enjoyment of a football game in a stadium, where the collective enjoyment of the game adds a relational good in terms of excitement and enjoyment to all in the stadium. This constitutes an experience that cannot be had when watching alone. Other examples include group charity work, friendship or reciprocal love. Relational goods can be necessary for the optimization of an activity like the football game example. On the other hand, a relational good may be the relationship in itself, with the good being dependent on the existence of the relationship. Friendships is an example of a relationship in which the value that comes from the relationship is tied up in the existence and maintenance of the relationship. The essential point tends to consider relational goods as goods that are produced and ...
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Parade In Hjoerring Denmark 2004 Ubt
A parade is a procession of people, usually organized along a street, often in costume, and often accompanied by marching bands, floats, or sometimes large balloons. Parades are held for a wide range of reasons, but are usually some variety of celebration. The term "parade" may also be used for multiple different subjects; for example, in the Canadian Armed Forces, "parade" is used both to describe the procession and in other informal connotations. Protest demonstrations can also take the form of a parade, but such cases are usually referred to as a march instead. History The first parades date back to , only being used for religious or military purposes. The Babylonians celebrated Akitu by parading their deities and performing rituals. To celebrate the federal government's victory in the American Civil War, 145,000 Union soldiers marched in a two-day Grand Review of the Armies in Washington, D.C. They passed before the President, the Cabinet, and senior officers from May ...
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Children Watching TV
A child () is a human being between the stages of birth and puberty, or between the developmental period of infancy and puberty. The term may also refer to an unborn human being. In English-speaking countries, the legal definition of ''child'' generally refers to a minor, in this case as a person younger than the local age of majority (there are exceptions such as, for example, the consume and purchase of alcoholic beverage even after said age of majority), regardless of their physical, mental and sexual development as biological adults. Children generally have fewer rights and responsibilities than adults. They are generally classed as unable to make serious decisions. ''Child'' may also describe a relationship with a parent (such as sons and daughters of any age) or, metaphorically, an authority figure, or signify group membership in a clan, tribe, or religion; it can also signify being strongly affected by a specific time, place, or circumstance, as in "a child of nature" ...
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Positional Good
Positional goods are goods valued only by how they are distributed among the population, not by how many of them there are available in total (as would be the case with other consumer goods). The source of greater worth of positional goods is their desirability as a status symbol, which usually results in them greatly exceeding the value of comparable goods. Various goods have been described as positional in a given capitalist society, such as gold, real estate, diamonds, and luxury goods. Generally any coveted goods, which may be in abundance, that are considered valuable or desirable in order to display or change one's social status when possessed by relatively few in a given community may be described as positional goods. What could be considered a positional good can vary widely depending on cultural or subcultural norms. More formally in economics, positional goods are a subset of economic goods whose consumption (and subsequent utility), also conditioned by Veblen-like pr ...
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Time (magazine)
''Time'' (stylized in all caps as ''TIME'') is an American news magazine based in New York City. It was published Weekly newspaper, weekly for nearly a century. Starting in March 2020, it transitioned to every other week. It was first published in New York City on March 3, 1923, and for many years it was run by its influential co-founder, Henry Luce. A European edition (''Time Europe'', formerly known as ''Time Atlantic'') is published in London and also covers the Middle East, Africa, and, since 2003, Latin America. An Asian edition (''Time Asia'') is based in Hong Kong. The South Pacific edition, which covers Australia, New Zealand, and the Pacific Islands, is based in Sydney. Since 2018, ''Time'' has been owned by Salesforce founder Marc Benioff, who acquired it from Meredith Corporation. Benioff currently publishes the magazine through the company Time USA, LLC. History 20th century ''Time'' has been based in New York City since its first issue published on March 3, 1923 ...
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Gross National Happiness
Gross National Happiness, (GNH; ) sometimes called Gross Domestic Happiness (GDH), is a philosophy that guides the government of Bhutan. It includes an index used to measure a population's collective happiness and well-being. The Gross National Happiness Index was instituted as the goal of the government of Bhutan in the Constitution of Bhutan, enacted on 18 July 2008. History The advent and concept of "Gross National Happiness" (GNH) germinated in the mind of Bodhisattva Druk Gyelpo, the 4th King of Bhutan, Jigme Singye Wangchuck, groomed with the evolution of "Gaki Phuensum" (Peace and Prosperity) and the modernization period of Bhutan during the reign of Druk Gyelpo, the 3rd King of Bhutan, Jigme Dorji Wangchuck. The term "Gross National Happiness" as conceptualized by the 4th King of Bhutan, Jigme Singye Wangchuck, in 1972 was declared, "more important than Gross Domestic Product." The concept implies that sustainable development should take a holistic approach towards noti ...
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United Nations General Assembly
The United Nations General Assembly (UNGA or GA; , AGNU or AG) is one of the six principal organs of the United Nations (UN), serving as its main deliberative, policymaking, and representative organ. Currently in its Seventy-ninth session of the United Nations General Assembly, 79th session, its powers, composition, functions, and procedures are set out in Chapter IV of the United Nations Charter. The UNGA is responsible for the UN budget, appointing the non-permanent members to the United Nations Security Council, Security Council, appointing the UN secretary-general, receiving reports from other parts of the UN system, and making recommendations through United Nations General Assembly resolution, resolutions. It also establishes numerous :United Nations General Assembly subsidiary organs, subsidiary organs to advance or assist in its broad mandate. The UNGA is the only UN organ where all member states have equal representation. The General Assembly meets under President of th ...
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Social Indicators Research
''Social Indicators Research'', founded in 1974, is a journal that publishes research results dealing with the measurement of the quality of life. Editors () * Editor-in-chief: David Bartram, Ph.D., University of Leicester, UK * SINET selection editor: Kenneth Land, Duke University, Durham, North Carolina Abstracting and indexing ''Social Indicators Research'' is abstracted and indexed in the Social Sciences Citation Index. According to the ''Journal Citation Reports'', the journal had a 2018 impact factor of 1.703.{{cite book , year=2019 , chapter=Social Indicators Research , title=2018 Journal Citation Reports , title-link=Journal Citation Reports , publisher=Clarivate Analytics , edition=Science , series=Web of Science The Web of Science (WoS; previously known as Web of Knowledge) is a paid-access platform that provides (typically via the internet) access to multiple databases that provide reference and citation data from academic journals, conference proceedi ... Note ...
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Eastern Economic Journal
The ''Eastern Economic Journal'' is a quarterly peer-reviewed academic journal covering all aspects of economics. It was established in 1973 and is published by Palgrave Macmillan on behalf of the Eastern Economic Association. The editors-in-chief are Susan L. Averett and Edward N. Gamber (Lafayette College Lafayette College is a private college, private Liberal arts colleges in the United States, liberal arts college in Easton, Pennsylvania. Founded in 1826 by James Madison Porter and other citizens in Easton, the college first held classes in 18 ...). Abstracting and indexing The journal is abstracted and indexed in: External links * Eastern Economic Association Economics journals English-language journals Academic journals established in 1973 Quarterly journals Palgrave Macmillan academic journals Academic journals associated with learned and professional societies {{econ-journal-stub ...
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Golden Age Of Television (2000s–present)
The first Golden Age of Television is an era of television in the United States marked by its large number of live productions. The period is generally recognized as beginning in 1947 with the first episode of the drama anthology '' Kraft Television Theater''Anthony Slide, ed., ''The Television Industry: A Historical Dictionary'', Greenwood Press, 1991, p. 121. and ending in 1960 with the final episode of ''Playhouse 90'' (although a few Golden Age shows and stars continued into the 1960s). The Golden Age was followed by the network era, wherein television audiences and programming had shifted to less critically acclaimed fare, almost all of it taped or filmed. Limitations of early television Prior to 1928, there had been some attempts at television programming using the mechanical television process. One of the first series made specifically for television to have a sustained run was CBS's 1931–1933 murder-mystery series '' The Television Ghost'', which ran for all 19 month ...
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Life Satisfaction
Life satisfaction is an evaluation of a person's quality of life. It is assessed in terms of mood, relationship satisfaction, achieved goals, self-concepts, and the self-perceived ability to cope with life. Life satisfaction involves a favorable attitude towards life—rather than an assessment of current feelings. Life satisfaction has been measured in relation to economic standing, degree of education, experiences, residence, and other factors. Life satisfaction is a key part of subjective well-being. Many factors influence subjective well-being and life satisfaction. Socio-demographic factors include gender, age, marital status, income, and education. Psychosocial factors include health, illness, functional ability, activity level, and social relationships. People tend to gain life satisfaction as they get older. Factors affecting life satisfaction Personality Meta-analyses using the Five Factor Model of Personality found that, among its "Big Five" personality traits, ...
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The Theory Of Moral Sentiments
''The Theory of Moral Sentiments'' is a 1759 book by Adam Smith. It provided the ethical, philosophical, economic, and methodological underpinnings to Smith's later works, including ''The Wealth of Nations'' (1776), '' Essays on Philosophical Subjects'' (1795), and '' Lectures on Justice, Police, Revenue, and Arms'' (1763) (first published in 1896). Sympathy Smith departed from the " moral sense" tradition of Anthony Ashley-Cooper, 3rd Earl of Shaftesbury, Francis Hutcheson, and David Hume, as the principle of sympathy takes the place of that organ. "Sympathy" was the term Smith used for the feeling of these moral sentiments. It was the feeling of understanding the passions of others. It operated through a logic of mirroring, in which a spectator imaginatively reconstructed the experience of the person he watches:Smith, Adam (1872). Black, Joseph; Hutton, James (eds.). The Essays of Adam Smith' (6 ed.). London: Alex. Murry & Co. p. 9. Retrieved 21 Jan 2021. As we have n ...
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Utility
In economics, utility is a measure of a certain person's satisfaction from a certain state of the world. Over time, the term has been used with at least two meanings. * In a normative context, utility refers to a goal or objective that we wish to maximize, i.e., an objective function. This kind of utility bears a closer resemblance to the original utilitarian concept, developed by moral philosophers such as Jeremy Bentham and John Stuart Mill. * In a descriptive context, the term refers to an ''apparent'' objective function; such a function is revealed by a person's behavior, and specifically by their preferences over lotteries, which can be any quantified choice. The relationship between these two kinds of utility functions has been a source of controversy among both economists and ethicists, with most maintaining that the two are distinct but generally related. Utility function Consider a set of alternatives among which a person has a preference ordering. A utility fu ...
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