Smith & Ricardo vs. Malthus, Bentham, Senior, J.S. Mill and Say Essay

Smith & Ricardo vs. Malthus, Bentham, Senior, J.S. Mill and Say - Essay Example It leads to increased productivity and consequently greater output, high wages and income per capita thus opulence of nations (Ekelund & Hebert 129). Natural harmony exists in economy due to the mechanism of the ‘invisible hand’ which drives individuals’ self-interests to promote greater good hence there is no need for government intervention. Competition in the market is vital and money is just for making trade more flexible. David Ricardo (1772-1823) in his Principles of political economy and taxation (1817) was concerned with distribution of wealth within Smith’s analytical framework. Like Smith he advocated for competition without restraint. He also acknowledged existence of use value and exchange value but concentrated on the natural exchange value which is determined by scarcity and labor cost of production (Bhatia, 116). Since rent is not part of the cost (its value in excess of real production) and capital is past labor, this leaves labor cost to determine relative value of commodities (Ekelund & Hebert 156). However, different types of labor are adjusted in market by relative rates of rewards and wages gravitate towards subsistence. If more than subsistence then population (labor supply) increases depressing wages and vice versa (p. 120). Thomas Robert Malthus (1766-1834) focus was on population. Unlike Ricardo, he saw an imbalance between population and means of subsistence hence ineffective demand. For Malthus population increased in geometrical progression while means of subsistence increased in arithmetic progression hence population was bound to outstrip supply of means of subsistence if not checked (Bhatia 135). Population growth thus needed to be checked through preventive and positive checks such as delayed marriage, celibacy, moral restraint, floods, droughts, famine, disease and war. For Smith and Ricardo, demand for labor determined rate of population increase and was always kept

Living space in architecture Essay Example | Topics and Well Written Essays - 750 words

Living space in architecture - Essay Example The living room as an architectural space has a complete interior design and has undergone renovation of an apartment composed of two floors. The main aim of building this apartment was to bring out a transformation of existing and dark apartments into brighter loft and meanwhile surface a real view elements found in ancient buildings. On the first floor there is a 60 m sq living room. Within the room itself many activities can be done at a go without getting involved into other areas and there is a conception that it is a space that is continuous with the capability of hosting variety of activities. There is staircase made of steel that is situated in a position that produces a transition linking the dining and cooking area. In the above there are walls that are made using satin glass and form a series which attracts natural light to the bathroom and the lower level. A seat is provided by an oak painted gray window bench which enjoys the striking view towards the neighborhoods. It c an also be used as storage cabinets. A sliding door made of nut wood provides a possibility of closing off entrance room from living space. As the inhabitants enjoy cooking, the kitchenette has been stuffed with appliances that are specifically designed for fulfillment of the kitchen needs. On the second floor there is a room for guests and the master bed room. The rooms border each other and are always flexible to adjustment in case of need. They can be joined to serve any other purpose. The bathroom’s location is just in between the master bed room and the guests’ room. ... As the inhabitants enjoy cooking, the kitchenette has been stuffed with appliances that are specifically designed for fulfillment of the kitchen needs. On the second floor there is a room for guests and the master bed room. The rooms border each other and are always flexible to adjustment in case of need. They can be joined to serve any other purpose. The bathroom’s location is just in between the master bed room and the guests’ room. There have been removals of plaster walls that have been into existence with the aim of exposing beams of old roof into view. There is a long closet measuring 11 meters that have designed with its main purpose being for storage and at the same time act as a wardrobe. A colorful closet which has existed there has a purpose of definition of the closet’s height and breaking of long line colored white of the latest furniture. On top of the closet there is light that is not direct that has been placed to put an emphasis on space continui ty. There has been keen choice of the lighting system and designing of indirect light has been done in such a way that various possibilities are created to the place. The plain plinths and doors without frames have been put in place to bring out the perception of sharp and pure surfaces. The floor has been made using bamboo which provides a feeling of warmth upstairs. On the other hand, on the initial floor an epoxy floor that is gray creates a contrast that is balanced with the elements of nut wood. The floor is made of smooth tiles which reflect light into the room through the staircases. This mood creates a relaxed environment which provides a room for social interaction. The ceiling is made of ply wood and moderately high above the floors. This enables the sources of light