Panopticism he states that the development of discipline Essay Example for Free

Panopticism he states that the development of discipline Essay In Michel Foucaults (1975) excerpt, Panopticism he states that the development of discipline in the 18th and 19th centuries came from he emergence of prison as the form of punishment for every crime. During these times the major crimes committed were from the French Revolution and the major riots and civil unrest in the French society. In these prisons the Panopticon puts the inmates in a different state in which each one is there own separate individual. Foucault states that the major effect of these Panopticon are that they â€Å"induce the inmate in a state of conscious and permanent visibility that assures the automatic functioning of power. † †Such a structure allows individuals to be seen and restricts their ability to communicate with the security, the warden, or other prisoners. In this case, crowds are nonexistent and each person is confined to their cell where they can be viewed by the watcher. He states that this new form of punishment lead to the development of a whole new kind of individuality for bodies. The brilliance of this prison is that the Panopticon forces blindness onto the prisoner where he or she is never sure if someone’s watching or not, inducing a harmless form of paranoia, keeping people in place. When a person is accused of a crime, society finds upon itself the responsibility of punishing him or her. The question of morality, however, is finding the perfect punishment in compensation of the crime that was committed. With the Panopticon, rather than breaking them down physically by using tortures like the thumbscrew or whips, prisoners can be broken down mentally, which allows the reconstruction of their mentality. This entire theory is effective due to the natural desire that people in general have to conform to society’s pressures. After all, it is ingrained in the natural being of humans to know that in order to survive, everyone needs a place in society whether it is as the businessman or as a joker. The fear of complete abandonment from this institution allows the system to work properly. Next, the Panopticon is essential to society in its ability to give a prisoner the chance of redeeming himself or herself to become a crucial part of society again. Instead of seeing revenge on the prisoners, this system allows them to be reformed through a force of habit. As prisoners get used to the idea that they’re being watched at all times with or without their knowledge, they adjust their behavior to meet society’s standards and norms. Thus, with a strong sense of paranoia, once the prisoner comes out of the Panopticon, he or she will rethink any decisions of breaking the rules. Once the person goes through that phase of the Panopticon imprisonment, he or she is set for a regular life in the real world with human interaction. In addition, with the Panopticon, power isn’t centralized in the hands of the warden or prison guards. The mere concept of being spied on causes others to display normal behavior, one that they want to portray to society. The real punishment that the prisoner goes through is one within his or her own mind where due to paranoia, the person shapes up to meet the rules of society in what is right rather than wrong. In this case, no one has power over another and even the amount of guards can be lessened; the prisoner is unable to tell the difference as to who is watching or how many people are watching. Power isn’t given to people but is within the architecture of the Panopticon. There will be no more vicious beatings of prisoners and no more degradation of them. In the end, they’re like everyone else, another everyday person in today’s world. Panopticism creates self-discipline forced into play through one’s own mentality of paranoia and fear, allowing criminals to be broken down mentally instead of physically, to redeem themselves as a part of society again, and to allow power to not be centralized in the hands of the warden or prison guards. It’s not only an effective system but it’s also efficient in the way that those separated from society may still have the ability to blend back in after undergoing this type of imprisonment. As a result, the concept of a Panopticon would certainly be better than the status quo where punishment is used and people are locked away behind bars without given a chance to prove that they’re reformed. Any cruel and unusual punishments that may occur are abolished and finally, for those who have made a mistake or two, redemption is finally possible.

Explain Why It Is Impossible To Derive An Analytical Formula For Valu :: essays research papers

Explain Why It Is Impossible to Derive An Analytical Formula For Valuing American Puts. Explain why it has proved impossible to derive an analytical formula for valuing American Puts, and outline the main techniques that are used to produce approximate valuations for such securities Investing in stock options is a way used by investors to hedge against risk. It is simply because all the investors could lose if the option is not exercised before the expiration rate is just the option price (that is the premium) that he or she has paid earlier. Call options give the investor the right to buy the underlying stock at the exercise price, X; while the put options give the investor the right to sell the underlying security at X. However only America options can be exercised at any time during the life of the option if the holder sees fit while European options can only be exercised at the expiration rate, and this is the reason why American put options are normally valued higher than European options. Nonetheless it has been proved by academics that it is impossible to derive an analytical formula for valuing American put options and the reason why will be discussed in this paper as well as some main suggested techniques that are used to value them. According to Hull, exercising an American put option on a non-dividend-paying stock early if it is sufficiently deeply in the money can be an optimal practice. For example, suppose that the strike price of an American option is $20 and the stock price is virtually zero. By exercising early at this point of time, an investor makes an immediate gain of $20. On the contrary, if the investor waits, he might not be able to get as much as $20 gain since negative stock prices are impossible. Therefore it implies that if the share price was zero, the put would have reached its highest possible value so the investor should exercise the option early at this point of time. Additionally, in general, the early exerices of a put option becomes more attractive as S, the stock price, decreases; as r, the risk-free interest rate, increases; and as , the volatility, decreases. Since the value of a put is always positive as the worst can happen to it is that it expires worthless so this can be expressed as where X is the strike price Therefore for an American put with price P, , must always hold since the investor can execute immediate exercise any time prior to the expiry date. As shown in Figure 1,

Abraham Lincoln Summary

The book Abraham Lincoln, written by James M. McPherson, constitutes not only Abraham Lincoln’s life, but also his remarkable presidency. Abraham Lincoln was the sixteenth president of the United States. He also was considered a peacemaker because his passion was to follow God’s law and create every man to be equal. During Lincoln’s first term of presidency in 1860-1864, he followed his passion by abolishing slavery, otherwise known as the Thirteenth Amendment. Following his first term, his second term’s goal is now known as the Fifteenth Amendment.To say the least, McPherson argues the brilliancy of Abraham Lincoln’s ideas and the colossal contribution Lincoln had regarding the United States of America. Abraham Lincoln was born on February 12, 1809 by Thomas Lincoln and Nancy Hanks. Lincoln’s childhood was preserved, and his education was gained through many different schoolhouses since his father was on the move so much. Abe Lincoln’ s love for reading made his father’s relationship with Abe more distant.Since Lincoln did not have love for the plantations or farming, his father grew bitter towards his son’s future. Abe Lincoln’s coming of age required him to realize he was getting old. He decided to marry Mary Todd in 1842. A few years after his father died in 1851, Lincoln volunteered for the militia. This increased his interest in government and the Union. Abraham Lincoln was a Republican with Whig ideology. Lincoln succeeded in his campaign for congressmen and after that, he decided to run for president.Although his campaigns for presidency failed several times, Abraham Lincoln never gave up because he knew it was what he wanted to do. His last candidacy with Senator Douglass was a hard campaign, but Lincoln’s lead in free state votes guaranteed his election as a Republican president. This was only the beginning of a long crucial time for the North and South. The decreasing supplie s at Fort Sumter lead to the start of the American Civil War. The American Civil War was a long lasting war between the Union [northern states] and the Confederacy [southern states].The origin of this war was the quarrel issue regarding slavery. In 1863, Abraham Lincoln stated his view on the purpose of the war. Stating, â€Å"This nation could either be perished from the earth, or might live through this flexible, simple issue, which can only be tried by war† (McPherson 35). Lincoln was not fond of violence, but he knew that this is what it took for the United States to become a country of equality and righteousness. Throughout the war, Abe Lincoln had many commanders that failed him and his hope for winning the war.There was one commander that Lincoln applauded because they had the same military strategy. Ulysses S. Grant was the successful commander that led the Union multiple battles of victory. In fact, Abe Lincoln was so pleased with Grant, Lincoln granted a higher rank for Grant; making him general in chief of all Union armies. As matters bound up throughout this war Lincoln stood tall and firm on his beliefs regarding different issues. One matter rose up about slavery, this was during 1862, the time the Emancipation Proclamation was issued.The Emancipation Proclamation was essentially a document that freed slaves from Confederate territory forever. As a result of the Emancipation Proclamation, Lincoln and his administration decided to adopt a Constitutional Amendment to abolish slavery. This is now known as the Thirteenth Amendment. Although Abe Lincoln did not live to see the issue of the Thirteenth Amendment, his presidency is the foundation of that Amendment. In November 1865, Lincoln was reelected to be president. However, that term did not last very long.In April 1866, Booth, an egotistic member of the Confederate secret service, shot Lincoln in the head. Few might say Lincoln help too much power, but others would proclaim him as a saint. J ames McPherson contends Lincoln’s phenomenal presidency and his great contribution to the United States of America. Without Lincoln, the nation might have still been divided, and segregation would be more than a controversial topic. Abraham Lincoln is a riveting book that tailgates not only Lincoln’s life, but also his fascinating presidency.

Ethical Issues Of The Workplace - 1494 Words

Ethical Issues in the Workplace Student’s Name Task 1 Helen is facing a big problem and challenge as well. This ethical concern can be termed as a challenge rather than a problem since it has not taken a side that can be considered as a problem. The challenge is evident and if the alteration of the financial statement to suit the demands of the customers. In the case Helen changes the document then she will have gone against accounting ethical codes. If she fails to adjust the financial statement by showing that the company has more expenses so that it could not pay more taxes than she will be out of the current position (Taylor Curtis, 2010). This cannot be considered as a problem as prior stated, yes, Helen has various†¦show more content†¦The government and the board of accountants are examples of allies who can help her positively. Unethical dimension will not only affect Helen’s professional career, but also the career of the people in senior positions in XYZ Company. Based on the case of Enron Company the mistake done by David worse hated other senior employees who were later charged and dismissed from the Company. Although the consequences of negative action that Helen may take will destroy the reputation of the Company as well as those of the stakeholders, it will hit Helen as an accountant much worse as she will face charges and also stripped accounting license by the board. The ethical issue that affects the public is not informing them of the correct information concerning the company that could have helped them to make decisions of investing or not. For the case of unethical conduct of Helen, she will have broken various codes of ethics or the key principles. One of the principles that the stakeholders are threatening of Helen is integrity. Changing the financial statements is considered as unethical behavior in accounting and an act of dishonest to the public and the Accounting professional in general. Helen is objected to handling all his roles and func tions in an organization with almost objectivity to the profession, and if she goes against this, she will have failed the professional