David Ricardo Essay Example | Topics and Well Written Essays - 500 words

David Ricardo - Essay Example Ricardo contributed many important theories in the field of economics. Almost two hundred years back he presented the idea of comparative advantage (Salvatore, 1995, p.2). This contribution gained popularity after his death and now is one of the most popular concepts amongst developed world to grow their economies. Unfortunately, these implementations are resulting in many negative outcomes for poor nations or poor all around the globe. How the ideas of David Ricardo has affected our nations. The classic defense to free trade was already established by Ricardo; now free trade is the main debate amongst all developing nations, especially poor countries, which suffer the most. Almost 23 years after his death, Ricardo’s idea of free trade was picked as a public policy by Britain (Formaini 14). Free trade and comparative advantage no doubt was a great work by Ricardo; however, many poor countries suffered due to his theory. Rising prices of health and other commodities are the gro wing concern of all nations, but the idea of free trade and other trade agreements are positive for developed countries and multinational companies. For example, If U.S.

Exam 1 Essay Example | Topics and Well Written Essays - 500 words - 1

Exam 1 - Essay Example Jill would likely claim damages and remedies for suffering ‘injury’ and damaged reputation following the employer’s concealment of some sections of the contract to her during recruitment. Additionally, she may claim damages for wrongful dismissal from the job; and her denial of benefits despite the purported validity of the contract. As an arbiter I would ask the employer to reinstate Jill from the date of dismissal with compensation entitlements for the time the employee has been away, but under new and clearer terms that would not be injurious to her morals and reputation as a staunch Christian. She would then withdraw the notice she had issued to the Justice Department. Usually, any monetary compensation is not applicable in her case because she served for less than six months. According to Palmer, if she brought the issue to the Federal Court, the judges would order the implementation of any of the two primary remedies for illegal termination of the employment contract (158): first, the two parties can either be ordered to honor the contract and perform what it entails in letter and spirit throughout the remaining period of the agreement or order the payment of damages to Jill for the injuries she has suffered. As a Federal Judge, I would not recommend the implementation of a specific performance of the employment agreement because a substantial amount of time may have elapsed between the period of the purported breach of the contract or dismissal and when the verdict of the Supreme Court is given. The Federal Court deliberates mainly on appeal cases, which may have lasted several years under lower jurisdictions. Â   Secondly, I would be unwilling to force the two parties to carry on their employment relationship when frosty ties may have already set in. For instance, Jill’s decision to contact the Justice Department following what she perceived to ‘unethical’ responsibilities bestowed upon her by the employer,