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What is the problem we wish to solve when we try to construct a rational economic order? On certain familiar assumptions the answer is simple enough. If we possess all the relevant information, if we can start out from a given system of preferences, and if we command complete knowledge of available means, the problem which remains is purely one of logic. That is, the answer to the question of what is the best use of the available means is implicit in our assumptions. The conditions which the solution of this optimum problem must satisfy have been fully worked out and can be stated best in mathematical form: put at their briefest, they are that the marginal rates of substitution between any two commodities or factors must be the same in all their different uses. A Small Good Thing Essay

An essay is, generally, a piece of writing that gives the author's own argumentbut the definition is vague, overlapping with those of a lettera paperan articlea pamphletand a short story. Essays have traditionally been sub-classified as formal and informal.

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Formal essays are characterized by "serious purpose, dignity, logical organization, length," whereas the informal essay is characterized by "the personal element self-revelation, individual tastes and experiences, Esway mannerhumor, graceful A Small Good Thing Essay, rambling structure, unconventionality or novelty of theme," etc. Essays are commonly used as literary criticismpolitical manifestoslearned argumentsobservations of daily life, recollections, and reflections of the author. Almost Gpod modern essays are written in prosebut works in verse have been dubbed essays e. In some countries e.

Secondary students are taught structured essay formats to improve their writing skills; admission International Human Resources are often used by universities in selecting applicants, and in the humanities and social sciences essays are often used as a way of assessing the performance of students during final exams. The concept of an "essay" has been extended to other media beyond writing. A film essay is a movie that often incorporates documentary filmmaking styles and focuses more on the evolution of a theme or idea. A photographic essay covers a topic with a A Small Good Thing Essay series of photographs that may have accompanying text or captions.

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The word essay derives from the French infinitive essayer"to try" or "to attempt". In English essay first meant "a trial" or Essaj attempt", and this is still an alternative meaning. The Frenchman Michel de Montaigne — was the first author to describe his work as essays; he used the term to characterize these as "attempts" to put his thoughts into writing.

Subsequently, essay has been defined in a variety of ways. One definition is a "prose composition with a focused subject of discussion" or a "long, systematic discourse". Aldous Huxleya leading essayist, gives guidance on the subject. Furthermore, Huxley argues that "essays here to a literary species whose extreme variability can be studied most effectively within a three-poled frame of reference". These three poles or worlds in which the essay may exist are:. Huxley adds that the most satisfying essays " Montaigne's "attempts" grew out of his commonplacing.

A third volume was published posthumously; together, their over examples are widely regarded as the predecessor of the modern essay. While Montaigne's philosophy was admired and copied in France, none of his most immediate disciples tried to write essays. But Montaigne, who liked to fancy that his family the Eyquem line was of English extraction, had spoken of the English people as his "cousins", and he was early read in England, notably by Francis Bacon. Bacon's essayspublished in book form in only five years after the death of Montaigne, containing the first ten of his essays[6]andwere the first works in English that described themselves as essays. Ben Jonson first used the word essayist inaccording to the Oxford English Dictionary. Other English essayists included Sir William CornwallisAnd Comfort Care published essays in and that were popular at the time, [6] Robert Burton — and Sir Thomas Browne A Small Good Thing Essay In England, during the Age of Enlightenmentessays were a favored tool of polemicists who aimed at convincing readers of their position; they also featured heavily in the rise of periodical literatureas seen in the works of Joseph AddisonRichard Steele and Samuel Johnson.

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Addison and Steele used the journal Tatler founded in by Steele and its successors as storehouses of their work, and they became the most celebrated eighteenth-century essayists in England. Johnson's essays appear during the s in various similar publications. On the other hand, Locke's An Essay Concerning Human Understanding is not an essay at all, or cluster of essays, in the technical sense, but still it refers to the experimental and tentative nature of the inquiry which the philosopher was undertaking.]