Hope Elena Sardella<\/p>\n\n\n\n
LSTD 1313-201 What are the Social Sciences?<\/p>\n\n\n\n
Professor Jeffrey Roby<\/a><\/p>\n\n\n\n University of Oklahoma \u2013 College of Professional and Continuing Studies<\/p>\n\n\n\n Seventeen seventy-seven, Adam Smith, father of early capitalist philosophy, made a prolific statement that would shape the field of economics by describing the seen and unseen forces that influence the world. According to Smith:<\/p>\n\n\n\n “He generally, indeed, neither intends to promote the public interest nor knows how much he is promoting it. By directing that industry in such a manner as its produce may be of the greatest value, he intends only his gain. In many other cases, he is led by an invisible hand to promote an end which was no part of his intention. Nor is it always the worse for a society that it was no part of it. By pursuing his interest, he frequently promotes that of society more effectually than when he intends to promote it.” <\/strong><\/p>\nAdam Smith, 1777<\/strong><\/cite><\/blockquote>\n\n\n\n The initial quote is interpreted as human beings possess no cognitive awareness that their perceived self-interest is not their own. Financial players design interests to promote interest to be consumed by society; interests are programmed into the consumer’s conscious and unconscious actions. Thus, individual agents influence humans to make choices, reflecting early concepts of microeconomics. Comparatively, Smith’s second position embodies early macroeconomics concepts by stating that this process of individual agents influencing society is not inherently unethical if the manipulated interests serve a greater purpose for humanity on a large scale than the self-interest of the person’s true desires.<\/p>\n\n\n\n This essay is built upon social sciences and economics foundations to examine methods that public and private actors perpetrate corruption within state governments. Likewise, the research proceeds with primary definitions of microeconomics and macroeconomics. I then describe and analyze the fundamental principles that make them different from one another. In light of these ideas, it makes sense also to explore the crucial reasons why the comprehension of market-systems is vital for society. Finally, I highlight a recent occurrence which state government officially was subject to scrutiny from, in an attempt to sway public perception away from predators within their organization, through an organized press conference with a local news station orchestrated to tranquilize public perceptions through interpreting the public what they statistics truly meant. For decades Oklahoma’s Department of Human Services has been under review by many child-welfare reform watchdog groups attempt to diminish its importance of the event the public used a variety of socio-psychology<\/p>\n\n\n\n Microeconomics & Macroeconomics<\/strong><\/p>\n\n\n\n At the outset, microeconomics & macroeconomics’ study gives one a detailed account of specific economic markets’ inner workings and niche consumer choices. The discipline of Microeconomics is also a branch of social science that analyzes consequences<\/em> of agency of individuals decisions on the world of finances, regarding impacts of choices concerning how funding is circulated and consumed (Barnier, 2020). The decisions and what motivates those choices ultimately impacts the amount of money available for specific products. Examining a product’s valuation identifies independent agents & corporations that impact trade and business through structured operations (Barnier, 2020). The previous evidence proves that fluctuations in a product’s value are impacted by individual agencies and big businesses’ processes because individual agents ultimately control the constituents’ choices. Macroeconomics is a subdivision of economics that studies architecture, achievement, conduct, policy development, and implementation of adoptive judgments (Investopedia, 2020). The macroeconomics research is categorized based on the analysis of long-run economic expansion, interpreting rhythms & frequencies’ of short term circuits of economic business growth.<\/p>\n\n\n\n Market Systems & Society<\/strong><\/p>\n\n\n\n Societies need to read between primary economic lines in order to creating and sustain culture of transparency and ending public corruption. Government policies commonly designed for equity shared goals with aspiring and carrying out economic prosperity reformations through taxation, and socialized public welfare does not always reflect the intended or unintended outcomes (Mankiw, 2011). The perceived intentions of government policy do not always translate to a promise of the future. An example to analyze is: “Public Policy is made not by angels but by a political process that is far from perfect. Sometimes policies are designed to reward the politically powerful. Sometimes they are made by well-intentioned leaders who are not fully informed” (Mankiw, 2011).Similar to Smith’s description of individual agents<\/em>, one can infer the author was addressing the existence of state policies conjured-up annually, designed with intentions not reflective that of the constituents but forces utterly unknown to the public and more than likely the public official may not be fully aware of the magnitude of disruption a proposed policy could create. One cannot ensure that the laws written create doorways for economic power to benefit the population in which it is infiltrating. The moral of the story is that a well-informed society retains the long term objectives of freedom that our founders built this great nation\u2014the ability to understand how an enemy walks and talks also means how an enemy makes money. One cannot know their enemy if they cannot define it. The application of micro and macroeconomics gives an individual the power to make connections of how corruption thrives.<\/p>\n\n\n\n Statistical Fallacies & Oklahoma Department of Human Services;<\/strong><\/p>\n\n\n\n A literally historical <\/em>example of corruption & economics surfaced in twenty-seventeen, per a public relations clean-up to curb the perceived by ‘recent’ evidence of Oklahoma’s child welfare systems, representatives of the state department are scrambling to sway public perception away from the cold hard fact that predators have been running rampant within their organization for quite some time. Using an organized press conference with a local Oklahoma news station KOCO 5 News, DHS sent Director of Communications and Community Relations; Sheree Powell to tranquilize public perceptions by interpreting statistics of the ACF’s 2015 report on foster-care perpetrators.<\/p>\n\n\n\n\n
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