Econ Essay Example | Topics and Well Written Essays - 500 words - 4

Econ - Essay Example He is known for his works which include: A Discourse on the Commonwealth of this Realm of England (1549). Sir William Petty considered taxes, land and labor as the most important resources of the growth and acquisition of national income. He came up with several ways to optimize the collection and generation of taxes while being fair to every individual. He believed and recommended that the taxes collected should be just equal to the nation’s expenditure. Petty was against poll taxes and the unequal taxation of the poor excessively (Petty p30). He came up with strategies to raise taxes fairly. He suggested that imports should be taxed, but only in a way that they would be at the same level with the locally produced products. He also began turning his concerns towards income distribution and the relative value created by the contributions; He was talking of diminishing returns on land relative to their distance from the market (Petty p84). This was a result of the initiation of the idea that rent on land was a surplus above wage payments. He also initiated the â€Å"labor theory of value†. This stated that the value of goods produced should have been determined by the number amount of time the labor went into it. The Basic theme of The Discourse on the Commonwealth of this Realm of England was an attack on debasement which Sir Thomas Smith was openly against; this even led to his exile. He claimed that debasement was responsible for social unrest, high prices and inflation, and the biggest losers were fixed income earners. In his works he claimed that the King was one of the biggest losers from the high prices caused by debasement, since it adds immediately to the king’s revenue and before the rise of prices comes, contrarily the king is the prime beneficiary of monetary measures of inflation and debasement (Rothbard p67). Smith was a mercantilist as seen by his

PHP information technology essay Example | Topics and Well Written Essays - 750 words

PHP information technology - Essay Example Several important features of PHP will ensure that PHP remains the central instrument of application development in the nearest future. First, PHP is an open source language of programming that enables both the beginners and professional programmers to develop and deploy new open source applications. As a result, open source software is not only cheaper but much more competitive than the applications developed by commercial organizations. â€Å"It has a cheap, fast, reliable, and widely supported environment to run in, therefore it is mainly used in standard web deployment, not only large enterprises† (Anonymous). For the reasons stated above, large and small businesses can use PHP in the development of their own non-commercial applications. For example, small businesses that have just entered the market can apply to PHP and develop their own programs and applications without any major costs. Second, PHP is perfect for beginners (Anonymous). It is easy to use, and it will cont inue to dominate open source systems and applications created by non-experienced programmers and users. PHP is both flexible and diverse in the sense that it can be used in a variety of ways. PHP is portable and functional, and its promising future is predetermined. However, the issue of protecting property rights has the potential to reduce the usability and applicability of PHP in open source software. Actually, the rapid expansion of the copyright and intellectual property movements can destroy the very phenomenon of open source software, including PHP. As of today, open source software developers cannot be secured from the risks of violations and patent lawsuits from copyright and patent owners (Thomas 2). Thus, future programmers and legal professionals will have to work together, in order to find the most appropriate legal and software balance, while also letting PHP flourish in the open source landscape. DQ 2 Data warehousing provides numerous benefits but can become a major source of problems for organizations. Inherent in the use of data warehousing techniques within organizations are the issues of security in data management, security in data exploration, and the risks of abusing data encryption used to enhance data privacy (Agosta). It should be noted, that the data warehousing concept has already become one of the central innovations in the field of organizational data management (Ramamurthy, Sen & Sihna 976). Data warehousing is being widely used to support organizational decision making (Ramamurthy, Sen & Sihna 976). Data warehousing can be conceptualized as a unique and extremely effective way to store large volumes of information, which makes it particularly useful in organizations. Data warehousing holds a promise to enhance businesses’ information processing capacity and ability to access, collect, allocate, and share information with the goal of improving the quality of management and consumer relations (Ramamurthy, Sen & Sihna 976). Unfortunately, data warehousing is not without problems. Security and safety of business data remains a matter of continued professional concern. Business data can be extremely sensitive and require additional protection from the risks of misuse and abuse, but data warehousing systems may simply lack capacities and functions required to guarantee security and full protection of sensitive data (Agosta). Another problem is directly related