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Essay about Cultural and Financial Management

Assignment id 1016568
Discipline Other
Assignment type Essay
Words 1144
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This paper will scrutinizes the actual effect of culture on fiscal management. Before I proceed to what I believe to ben't just a factually awkward argument of cultural influence on economics but also a grossly delusional and rather prejudiced view as well, I must first set some sort of context to what I am alluding to. The assignment stipulates for me personally to, speech in the event the framework of fiscal management can use to any country or civilization. The straightforward and brief answer to this will be "no more", monetary management differs depending on the country and or culture. For instance Germans do not buy into exactly the same sort of capital construction that North Americans do, nor do Muslims have the identical sort of financial system to this west. Simply put various cultures and nations have different fiscal institutions and or authorities, in addition to various distinct values, attitudes and preferences. More broadly the mission asks me to discuss the role of culture in finance, which I find to not have a legitimate significance to economics or its own monetary institutions. Let me state that I'm not alone in my faith on this matter. Many economists are reluctant to think about civilization since it's too broad and vague to enter the economic discourse using a testable hypothesis (Guiso, Sapienza & Zingales 2006 p.1). This has however not stopped the insurgence of both sociologists going into the realm of economics with more powerful measuring tools to back their exaggerated claims of a cause and effect, of culture on economics. Specifically these sociologists and economists dispute Marx's claim that "The manner of production of material life conditions the social, political and intellectual life process in general" (Marx 1859). To put it differently economic condi...

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