BUS 1050 1nd Edition Lecture 9Outline of Last Lecture I. Intro to EmmersonOutline of Current Lecture II. Emmerson PhilosophyCurrent LectureEmmersonNature is an outcome of God. (Emmersonian God)Believe to establish small relationships with environment.Homofaber- the man/maker of goods.Homoeconomics- Maker of money.Homo Consumens- ConsumersIf not acting as a producer, you are a consumer.Plato and Aristotle ______ vs_____Confucius and SmithEmmerson is in between (synthesis) Erudite(ion) employs knowledge to achieve better understanding and life. P142. L17. The mind acts from where they are bound to where they are wanted.Comparative Advantage- (Political Economy: David Ricardo)Personal analogy: Finding personal special talent, could be large or small aspect. One skill to drive personal opportunities. Everything begins with needs. Each man should take care of themselves. DemoralizationPoor People do not have honesty.Health creates moral universe. P144. L59. Clarity and applying resources.P145. L34. Buying things should not cause you to be materialistic.These notes represent a detailed interpretation of the professor’s lecture. GradeBuddy is best used as a supplement to your own notes, not as a substitute.Satisfying wants is to execute design of desire. P145. L48. Focus on intellectual laws and experiences.Emmerson believes you must know finance, accounting, marketing, management, and production.P149. L 35. Finance- Expense derives from character and investment is safe. Character Morality is logical to pay back everything. P 150. L72. Spend after genius. Nature goes by rules. Secret of success is in the relation of income and outgo. Revenue->Cogs-> Expenses-> Net Profit P151. L76. Impera- necessary to know when to stop. You cannot mismanage.Third Principle (marketing)- Be wise, take the loss and move on.Fourth Principal (Management)- Trust and friendships and relationships.Production- All things ascend. Fixed Cost+Variable Cost = Total CostsContribution= amount after total cost is met. Could be used back for profit or future fixed cost.P153. L15. And L41 Invest and invest. (Reinvest) Emmerson conjunction- Richest are most honest, and your duty is to get rich.Spiritualize the world through production- Emmerson.P164. The love of money is the root of all evil.P165. Emmersonian nature. Making an idol of money, and obscures common sense.Production of things turn us into crude
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