An Analysis of WTO, European Union, China and the UK relations Essay

An Analysis of WTO, European Union, China and the UK relations - Essay Example In general, MFN means that every time a country lowers a trade barrier or opens up a market, it has to do so for the same goods or services from all its trading partners - whether rich or poor, weak or strong. National treatment: Treating foreigners and locals equally Imported and locally-produced goods should be treated equally - at least after the foreign goods have entered the market. The same should apply to foreign and domestic services, and to foreign and local trademarks, copyrights and patents. Freer Trade: Gradually through Negotiation Lowering trade barriers is one of the most obvious means of encouraging trade. The barriers concerned include customs duties (or tariffs) and measures such as import bans or quotas that restrict quantities selectively. From time to time other issues such as red tape and exchange rate policies have also been discussed. Opening markets can be beneficial, but it also requires adjustment. The WTO agreements allow countries to introduce changes gradually, through "progressive liberalization". Developing countries are usually given longer to fulfill their obligations. Predictability through Binding and Transparency Sometimes, promising not to raise a trade barrier can be as important as lowering one, because the promise gives businesses a clearer view of their future opportunities. With stability and predictability, investment is encouraged, jobs are created and consumers can fully enjoy the benefits of competition - choice and lower prices. The multilateral trading system is an attempt by governments to make the business environment stable and predictable. Promoting Fair Competition The WTO is sometimes described as a "free trade" institution, but that is not entirely accurate. The system does allow tariffs and, in...From time to time other issues such as red tape and exchange rate policies have also been discussed. Opening markets can be beneficial, but it also requires adjustment. The WTO agreements allow countries to introduce changes gradually, through â€Å"progressive liberalization†. Developing countries are usually given longer to fulfill their obligations. †¢ Predictability through Binding and Transparency Sometimes, promising not to raise a trade barrier can be as important as lowering one, because the promise gives businesses a clearer view of their future opportunities. With stability and predictability, investment is encouraged, jobs are created and consumers can fully enjoy the benefits of competition — choice and lower prices. The multilateral trading system is an attempt by governments to make the business environment stable and predictable. †¢ Promoting Fair Competition The WTO is sometimes described as a â€Å"free trade† institution, but that is not entirely accurate. The system does allow tariffs and, in limited circumstances, other forms of protection. More accurately, it is a system of rules dedicated to open, fair and undistorted competition.

Anova Assignment Example | Topics and Well Written Essays - 250 words

Anova - Assignment Example It has been alleged that younger members of the society, especially from both developed and developing countries do not have time to engage in eating healthy. Due to their tight schedules as students or young professionals, they tend to consume fast food to save on time and to socialize. From this idea, the independent variable would be the respondents age. This can be explained by the fact that ones age should dictate on fast food consumptions. Similarly, the dependent variable will be the frequency of fast food consumption. After running the analysis, I expect to find out that there is a significant difference in the mean number of times respondents consume fast food at the different level of age, (F=4. 962, P=0. 000). Similarly, I expect that the Tukey post hoc test will show that younger individuals probably less than 25 years old will have a significantly higher mean number of times they eat fast food (Mean=10.66) when compared to older respondents over 30 years

Reflective Report regarding Leadership Skills

Reflective Report regarding Leadership Skills Are people born with management skills and leadership qualities? Or is this something an individual develops with experience? These are some questions that have often troubled me throughout the latter part of my undergraduate degree, a confused stage in my life, where I was in a fix deciding if I should pursue my Masters in Management or gain working experience. My family and peers were instrumental in giving me the necessary encouragement in directing me towards my career goals. Even though I wasn`t able materialize on it straight after graduation, I somehow believed that a fair amount of corporate exposure would teach me the skills and give me the practical knowledge, I needed to tread the path of an entrepreneur. Building up on my academic background, I have completed my Bachelors in Arts Communication from Christ University, India where I specialised in Journalism, Psychology and Optional English. Being one of the top ranked universities in India, I not only received a strong academic foundation but also a platform to develop myself holistically. Soon after my graduation I took up my first job at Aviva (UK`S largest insurer) outsourced to Bangalore. To start with I was offered the role of a Motor Insurance Sales/Customer Service Advisor. This environment gave me a hands-on experience in interacting with customers in the UK, selling insurance products services tailor made to the customer needs with a high degree of customer experience. Professional achievements measured through my performance, initiatives and responsibilities, (in 15 months), elevated me to the position of a Level 2 Claims Analyst: a role that involved a great deal of liability/dispute handling, decision making, negotiation with solicitors/brokers, fraud investigation, resolution and settlement. After 2 years of managing this responsibility, I made a career move into a more challenging and rewarding role in the form of a Business Analyst (Credits/Collections) for the rapidly growing software giant Oracle, Inc. With five years of experience, my understanding about organizations and my role as an individual has grown leaps and bounds. I have gained insight into how organizations function, the hierarchical structure the importance of Customer experience. The creative marketing strategies multinational companies utilize to boost sales and the impact marketing has on its audience, inspires me to launch my own business enterprise someday. Who wouldnt like to be their own boss in a company thriving on new creative ideas, making a great deal of money? Keeping my dreams within my reach, and to make it achievable one day, I needed to start working on those goals and getting all the learning possible. I somehow felt the need to gather all my working knowledge, along with theories that will give me insight, help me develop my skills, and build a strong foundation for managerial responsibilities in the future. Pursuing an MBA, especially in an international arrangement would give me the platform to interact with people from very diverse cultures, share best practices, backgrounds and ideologies. It would give me a broader perspective of how markets function globally and help me get the learning I need to enhance my capabilities, thus providing a strong foundation to build a promising career. Most importantly it will also equip me with the skills that will prepare me to take on bigger roles and greater challenges in an organization. Thus a strong blend between practical knowledge, behavioural patterns at work and learning on management subjects, would help me set up my own business someday and turn my dream into reality. Reflection on Action: Through my conversations with people who have completed an MBA and entrepreneurs who have made their vision a reality, I have learned that Management is an ocean that cannot be crossed in a year or on completion of the program. It is a constant learning process through various experiences we encounter on a day to day basis, how we deal with situations and how we counter problems. There are numerous hurdles we are likely to face, in our journey, starting with how we complete given tasks, assignments, what approaches we use to learn, how we manage our time effectively etc. Therefore it is important that we do some introspection to see if we have the necessary skills to tackle these problems, if not work on the required strategies and plans to counter these issues effectively. The ability to resolve these problems effectively is dependent on experiences had in the past and the learning derived from it. It is vitally important to understand the nature of the problem and define it properl y before setting about resolving it. (Linstead et al. 2004) Preparing for this assignment got me thinking into aspects which I normally would have not thought about. It required me to spend some time introspecting and analyzing my life in more detail. An interesting conclusion could be drawn from doing a SWOT analysis to determine what factors are likely to hinder my progress from completing the MBA and most of all my approaches towards solving them. This has opened my eyes to a whole lot of issues that is likely to hinder my progress from completing the MBA successfully. Firstly focusing on my academic background with seventeen years of education I have had in India, where the learning was more theoretical. Subjects were taught in class, handouts given, specific texts were followed as per the curriculum. Learning was measured through term tests, mid-term and final examinations where we had to memorize chapters and reproduce information by way of answers to specific questions asked. This was completely a different methodology compared to the education system in the UK which is more of a practical approach to learning. We are expected to refer multiple books, journals, article etc. from libraries or electronic databases. Moreover, we are marked on assessments and presentations which is way different to the Indian system. This difference would require myself to quickly change my approach to preparation and learning. Secondly I have a little more than five years of work experience. Getting back to academics after a long break seems to be the biggest challenge I`m currently faced with. I havent done any reading, other than the newspaper, in the last few years. Thus lack of concentration and focus, could possibly lead to lack of preparation, resulting in assignments being undone until the very last minute. This will indirectly impact the quality of information submitted and ultimately lower grades. Another thing that goes against my favor is the fact that I tend to make short drafts initially before a final version is scripted. This seems to be a very tedious and time consuming task, even though improvements in quality and content can be guaranteed. Limited reading habits do not help me in analyzing from wider perspectives and from thinking out of the box. My time management skill is not something I can boast of. I often see myself putting forward things to a later date or until the very end. Prioritizing on lesser important things gets me more distracted than often. For eg. Instead of reading on related topics pertaining to assignments, I`d probably be involved in social networking sites or music/movie sites on the internet. When it comes to writing my assignment or reading, I quickly lose interest and find it difficult to spark that inspiration again. I need to improve my understanding on the Harvard system of referencing, because errors of not referencing or citing correctly could result in unintentional plagiarism. Even though I am a confident communicator, however I feel that sometimes I can present in a much more effective manner. Wider reading could broaden knowledge on the subject and improve vocabulary. Besides development and practice in PowerPoint and excel could improvise the effectiveness of presentation. This will give a know-how to balance aspects of presentation by keeping it crisp to the timelines, yet have a lasting impact on an audience, and more consistently. In the past, at school, I would just read or memorize specific topics for the sake of examinations and score good grades. Here it was more of theoretical and individual learning that was followed. Later at the graduate level, learning was through a combination of lectures, discussion with peers, theoretical and individual of sorts. Very soon things were a little different at my work place where learning was through multimedia presentations, on the job training, sharing experiences or best practices, building professional relationships, etc. I have had a very straightforward approach to learning and what was important was that I adapted to the different learning styles according to changing environments and situation. Most of my learning on tackling situations and solving problems has been based on past experiences, what I learned from those situations, what their outcomes were, etc. Pondering on those experiences may probably make me look at things from different perspectives. If pos sibly something did not go too well the previous time I have not been skeptical to try out something new to see if this works out, not forgetting to mention that I do some amount of brainstorming before drawing to conclusions. I feel it is better to consider all options at hand before drawing conclusions or taking action for problem solving. (Linstead etal. 2004) cites (Brown and Duguid 1991) by saying that learning in organizing is not for problem solving alone but focused towards improving relationships whenever people take up to behave in an organized way. He states that this process of learning to relate to circumstances is a form of situated learning among groups who practice this approach, in comparison to those who do individual and isolated learning. However individual learning to me has been useful to understand problems in depth by giving further insight. This knowledge broadens my perspective to come up with various possible resolution methods from theories. Learning styles defers from individual to individual. It is a preferred method an individual uses to learn a theory and concept, which is best suited for them and that could leave a lasting effect. To me learning style develops from past theoretical experiences and also from your personal traits. For e.g. when I was younger I implemented theoretical approa ches to learning and it for sure worked for me. As I grew older approaches were different as learning was through the different situation and problems I encountered be it at work or in my personal life. Kolb`s experiential learning cycle to a great extent relates to the learning style and methodology I have used in the past. From the words of David A. Kolb, he states that learning cycles normally start with some concrete experience. From this we analyze on the situation, through some reflective observations. This gives us possibilities to draw conclusions, as to what happened in the same situation previously and what methodology was used to counter it. If we were successful we look at it as learning experience. On the contrary if it did not go too well, we tend to reflect back and lay down reasons why things turned the way they did. However, it is inevitable that you envision into aspects that could have probably saved you effort or time, irrespective of the fact that it was successful or not. This is known as abstract conceptualization. Thus we may draw conclusions and take up shorter and more effective methods to ultimately implement actions to give you the desired output, which i s the fourth stage of the cycle called Active experimentation. This whole process thus creates a new experience which becomes learning unless situations change. Kolb also states that these stages not necessarily need to be followed in the given order. This learning style is vastly used by organizations for problem solving and finding. A diagrammatic representation below shows Kolb`s experiential learning cycle. Source: Anon (2009) Center for Teaching Excellence, Duquesne University from http://www.duq.edu/cte/teaching/understanding-students.cfm (Accessed: 06 April 2011) Even though I relate closely to Kolb`s experiential learning, contrasting views can be seen in the International Journal of Lifelong Education by Miettenen (2000) where he states that the model makes use of different ideologies and concepts from various sources. However these concepts are explained without sufficient reference to the background literature. Therefore he says these concepts remain ambiguous and varied interpretations. Another interesting fact by Smith (2001) David. A. Kolb on Experiential Leaning, the encyclopaedia of Informal education. (Retrieved: 06 April 2011) from http://www.infed.org/biblio/b-explrn.htm is that even though learning is considered to be affected by environments, Kolb combines contexts from different sources, irrespective of the limited cultures they come from and experience they have had, hence making it a very subjective theory. Action Planning: Reading from numerous sources, analyzing and introspecting with relevant approaches has given rise to a repertoire of thoughts towards approaches that I could possible use to enhance future learning and skills to counter problems effectively. With different methodologies in learning, especially with the standards being higher in a Masters degree, preparing for this assignment has sparked in new ideas to approaches I can implement. In this assignment I have covered aspects which have had certain relevance in my life. Even though I could not conclude my approach to learning through a single methodology, however a couple of theories had elements relevant to practices that I follow. Even though there is no concrete evidence or criticism to evaluate whether a methodology is right or wrong, I believe positives from other theories can perhaps help me to learn better and enhance my problem solving skills.

The Portrayal of Women in Joseph Conrads Heart of Darkness Essay

Women have gained equality with men over the many centuries of the evolution of the modern western civilization. Hence, it cannot be overlooked that there still exist many literary examples of social disregard for woman potential. Joseph Conrad's "Heart of Darkness" exemplifies the Western patriarchal gender roles in which women are given the inferior status. Not only are women portrayed as being inferior to men, but Marlow's (the protagonist's) seldom mentioning of them in his Congo adventure narrative symbolizes his view of their insignificance. There is a total of five women presented in Marlow's narrative but only three of them are significant minor characters: Marlow's aunt, Kurtz's African mistress, and Kurtz's "Intended." The following essay will examine how the presentation of each of these three women in Marlow's narrative contributes to connecting events in the story. Despite the generalized view of women of his time, Marlow's narrative indicates a more specified view of the value of women which suggest that they are all naà ¯ve but with culturally dependent personas. In presenting female characters, Marlow may have intended to add more essence to his narrative. Nonetheless, each of their appearances and his descriptions of them served to be metaphoric, yet powerful contributions to the story line. From the beginning, Marlow sends a clear message to the reader regarding his position on the image of women. He relates how he "tried the women" after he found no man to help him achieve his travelling and trading ambitions. He did something out of the ordinary for his time; he went to a woman for financial aid. Because this woman is actually his aunt, one might argue that perhaps Marlow is not thankful enough to his... ...he associates her with having powerful qualities, she is still considered naà ¯ve for not having expected departure from Kurtz. She displays sorrow and grief as she throws her hands to the sky as the steamboat pulls away. Finally, Marlow uses Kurtz's Intended to support his view of women as being accurate. In order to save their fantasy worlds, Marlow argues that men can stoop as low as lying. In unique ways the three significant female figures influence the development of Marlow's story but they do not influence the theme of the story; which is Marlow's exploration of the darkness of the human soul. Preserving the "beautiful world" of women as Marlow suggests denies women journey into the Darkness. Their role is therefore limited to their cultural environment and their own world because they might not have the strength to handle all the difficulties and temptation. The Portrayal of Women in Joseph Conrad's Heart of Darkness Essay Women have gained equality with men over the many centuries of the evolution of the modern western civilization. Hence, it cannot be overlooked that there still exist many literary examples of social disregard for woman potential. Joseph Conrad's "Heart of Darkness" exemplifies the Western patriarchal gender roles in which women are given the inferior status. Not only are women portrayed as being inferior to men, but Marlow's (the protagonist's) seldom mentioning of them in his Congo adventure narrative symbolizes his view of their insignificance. There is a total of five women presented in Marlow's narrative but only three of them are significant minor characters: Marlow's aunt, Kurtz's African mistress, and Kurtz's "Intended." The following essay will examine how the presentation of each of these three women in Marlow's narrative contributes to connecting events in the story. Despite the generalized view of women of his time, Marlow's narrative indicates a more specified view of the value of women which suggest that they are all naà ¯ve but with culturally dependent personas. In presenting female characters, Marlow may have intended to add more essence to his narrative. Nonetheless, each of their appearances and his descriptions of them served to be metaphoric, yet powerful contributions to the story line. From the beginning, Marlow sends a clear message to the reader regarding his position on the image of women. He relates how he "tried the women" after he found no man to help him achieve his travelling and trading ambitions. He did something out of the ordinary for his time; he went to a woman for financial aid. Because this woman is actually his aunt, one might argue that perhaps Marlow is not thankful enough to his... ...he associates her with having powerful qualities, she is still considered naà ¯ve for not having expected departure from Kurtz. She displays sorrow and grief as she throws her hands to the sky as the steamboat pulls away. Finally, Marlow uses Kurtz's Intended to support his view of women as being accurate. In order to save their fantasy worlds, Marlow argues that men can stoop as low as lying. In unique ways the three significant female figures influence the development of Marlow's story but they do not influence the theme of the story; which is Marlow's exploration of the darkness of the human soul. Preserving the "beautiful world" of women as Marlow suggests denies women journey into the Darkness. Their role is therefore limited to their cultural environment and their own world because they might not have the strength to handle all the difficulties and temptation.

Competencies Differences Between ADN and BSN Essay

Florence Nightingale was a nurse who started the nursing training programme in 1860 after the Crimean War. During that war, a lot of women committed themselves to give care for the sick and dying soldiers. The success in their work was evidenced by reduction in mortality and improved prognosis among those injured in the war. Nurses became an indispensable part of the military during that time due to their life-saving work. After the war, nurse training schools were established under the Florence Nightingale model in order to use nurses throughout society (Woolsey, 1950; Dock, 1907). In 1873 the first three training schools were established in New York, New Haven, and Boston. Students were able to attain their nursing education and skills training in two to three years. Society began to refer to these nurses as trained nurses as they were among the first to undergo formal schooling for nursing care. In 1912 the American Nurses Association (ANA) focused on obtaining legal recognition for trained nurses. In 1951, nurse educator Mildred Montag started a new two year associates degree program in nursing in order to produce trained nurses who would assist professional, baccalaureate prepared nurses. Her aim was not to replace the baccalaureate degree program with the associate degree program. The American Association of College of Nursing (AACN) believes that education has a significant impact on the knowledge competencies of nurse clinicians. Nurses with bachelors degrees in nursing are well equipped to meet the demand placed on today’s nurse especially because their curriculum places great emphasis on critical thinking. BSN nurses are also trained in case management, health promotion, and this in depth learning makes them highly versatile in that they are able to practice across a variety of inpatient and outpatient settings. Recent studies have indicated that, in the acute care setting, the mortality rate is reduced by the presence of greater numbers of baccalaureate prepared nurses (Aiken, Clarke, Cheung, Sloane & Sliber, 2003; Estabrooks, Midodzi, Cummings, Ricker & Giovanetti, 2005; Tourangeau et al. 2006). The BSN programme curriculum incorporates â€Å"clinical, scientific decision making and humanistic skill† (Vande Mortel and Bird 2010). The ADN can give efficient bedside care to the patient with their clinical experience, however these nurses are not exposed to the broad spectrum education that baccaulareate nurses experience. Thus, ADNs do not have a basis on which to implement wholistic care measures, and their knowledge base for critical thinking is limited—not due to their mental capacity, but because of the width and depth of their accelerated curriculum. In these days the health care is expanding and globalizing, thus, the demands placed on the nurse have grown and become more complex. Nurses therefore must have the appropriate knowledge base to bring about optimal outcomes in their patients. The American Association of colleges of nursing (AACN) recognizes the â€Å"bachelor of science degree in nursing as the minimum educational requirement for professional nursing practice† (AACN 2000, para 2). BSN prepared nurses are prepared in assertive and professional communication, patient/family education, critical thinking, and implementing measures based on a wholistic perspective. BSN focuses on a broader picture and thus an approach to nursing that places more emphasis on critical thinking. In the United States, associate degree graduates are working in a health care system that is rapidly growing and changing. So they can study while working in order to improve their degree standing to a bachelors or masters degree. This would advance not only their knowledge base, but their competency in nursing practice. Thus, patient outcomes could improve in their nursing setting. Moreover, many institutions have financial support in place to assist the working student nurse. This lessens the burden of attending school and benefits the institution. According to a study published by Dr. Betty Rambur and her colleagues, in the July/August 2003 issue of Nursing Outlook, increasing the proportion of baccalaureate prepared nurses in the registered nursing population may be essential to stabilizing the nursing workforce. Nurses prepared at the BSN level were also found to have higher levels of job satisfaction which is key to nursing retention. Effective clinical decision making is the important factor in quality of care. For example, in the clinical area, if we order labs for the patient, a skilled BSN nurse can identify the normal and abnormal lab result and this nurse can critically evaluate what may be wrong with the patient, based not only on the lab result, but much of the information in the patient’s chart. This information would include admission diagnoses, past medical history, family medical history, new complaints, medication effects, etc. A BSN would utilize his or her knowledge of biology, chemistry, psychology, faith and spirituality, etc. in a way that best advocates wholistic care of the patient. So, a patient with a past medical history of a heart attack, current diagnosis of congestive heart failure (CHF) and an abnormal lab result showing an elevated troponin level is can assess for signs and symptoms of a heart attack, provide nitroglycerine and make arrangements to have the patient placed on telemetry monitoring and/or transferred to a cardiac care unit. This will provide that patient with specialized care that will focus on his risk for myocardial infarction and try to improve his health outcomes. In this same situation, an ADN may not pick up on these cues as quickly and this may delay in good decision making that would affect the patient’s condition. This patient needs care that is intuitive and careful; a critically thinking nurse will be the best person to provide this life-sensitive care. Again, professional knowledge, keen assessment, and critical thinking assist the nurse in making an effective decision. A baccalaureate program in nursing would be well able to equip a nurse for this kind of care. I agree things can be done to improve the professional status of nurses ,but requiring a BSN is not one of them. Its upto all nurses that keep doing continuing education as a part of our practice. Any one can take nursing classes, pass those exams and even they can pass NCLEX exam, but not anyone can be a good nurse.

Philosophy assignment one Essay

Aristotle begins the study of politics with the household and its parts as the parts of the whole, the city, is composed. His discussion of the family gives three kinds of rule that is found in the household, master over slave, husband over wife and father over child. Aristotle provides an intellectual and rational means to the good life and the best society, or politics is autonomous and self-sufficient, that is, it is an activity independent of other spheres of human endeavor, and thus a sphere possessing knowledge and a technique independent of other forms of knowledge. To Aristotle community is based on reason. So, to Aristotle the polis and the logos are inextricably interwoven. The expansion or acquisition of property could be said to be internal dissension and internal strife, which deems salutary to the power and growth of Rome while laments the strife and factionalism that was a direct cause contributing to the fall of the republic. This stress on strife and conflict is significant in that is shows that the internal conflict over acquisition is transformed into an external conflict for acquisition. Aristotle’s view of society called the substantial form or the soul of the human body was conceived in such a way that the human being was seen to depend on the community for the satisfaction of its needs. Natural law forms the basis of all positive law, and whenever a positive legal stipulation contradicts this natural law, it loses its legal validity. It is possible to deduce objective natural law, valid for humanity as a whole, from teleological ethical basic principle. Aristotle defends politics by considering whether human beings are natural slaves and by repelling the economic view that all nature is the property of man. With property and money in Aristotle’s opinion, nature does require and permit property, but she does not require humans to acquire many possessions for the sake of their economic wellbeing. She may, however, require and permit the pursuit of another kind of wealth in virtually unlimited quantities. The tools, or wealth, that human beings use are secured by the art of moneymaking. But how human beings use wealth and therefore to some extent how much they use would seem to be determined by the household manager. So it is somewhat unclear whether moneymaking is properly the same as, a part of, or a subsidiary of household management. Both the household and the city are properly concerned with the perfect preservation of human beings and their rulers presumably acquire and use all things for that end. Nature has made all things for the use of human beings. We need as much of what moneymaking provides us as is necessary for life and for the good life secured in the household and the city. If the things that human beings can possess or use are of great variety, as indeed they seem to be and if it is the task of moneymaking to contemplate where useful things and property come from, then moneymaking must contemplate virtually all of visible nature and seek its cause or causes. However useful to economics and politics moneymaking may be, the study of nature or natural philosophy, to which moneymaking gives rise might return to its beginnings in economics. Human beings can use their skills to acquire nourishment and the store of things useful for life and the good life in various ways, nature seems to facilitate their consumption of her resources. Humans and other animals are said to be able to procure nourishment with ease and even according to their choice. Humans can combine various nourishments and the means of procuring them in order to live more pleasantly. Among the perfectly acceptable mans are robbery, the use of all inferior beings in nature, and even war against intransigent inferiors. These means are not contrary to nature and do not amount to expropriation from a hostile nature. Nature seems to sanction these means as necessary. When nature’s selfishness becomes all too apparent a second kind of acquisition comes into being. Nature’s failure to guarantee the self-sufficiency of each individual necessitates exchange. Although not by nature, exchange is according to nature, fir it serves her end of preservation. True moneymaking emerges reasonably from exchange or barter but becomes something different. Exchange, especially with foreigners is facilitated by the invention of money. Once its value has been agreed upon and signified by an impression on its face, money becomes the measure and standard for the value of the necessary things traded. Money and all other things come to be used to make more money and the generation of money from money, or interest, becomes comparable to natural genesis. Moneymaking and devotion to money, it appears, are as limitless as the natural human desires for life and pleasure. Money assumes central importance because it is thought to ensure satisfaction of the original desire for preservation carried to its logical conclusion, the desire for immortal happiness. Aristotle acknowledges that the culmination of moneymaking in usury is hated, but he himself does not condemn the unlimited form of moneymaking. He even teaches the art of trade, a form of moneymaking. He does, however, contend that it is an error to equate money with true wealth. Locke contends that there is a natural law derived from reason regulating the relations of individuals in the natural condition. The law of nature contains three distinct but interrelated commands. Locke claims that the power to execute the natural law is every mans, whereby each individual has the right to punish anyone who violates the natural law by threatening one’s self-preservation or harming another in their life, liberty or possessions. In regards to private property it involves both the explicit renunciation of property claims and implicit recognition of the equality of the private party to agreements. Locke may mean no more than that any explicit agreement with another regarding one matter includes implicit recognition of the property integrity of the various parties. Locke may intend a more expansive construction of the meaning of implicit recognition such that any explicit assertion of property integrity by one state produces an implicitly renunciation by that state of any property claim against any other. Locke assumes that every individual must have property of its own.