Albert Einstein: Economics Research & Discoveries on Socialism - Essay Sample

Introduction

Albert Einstein used to carry out a lot of research about several matters. This was in the fields of physics, economics among several others and through these researches that he was conducting; he would come up with great discoveries. There are so many discoveries by Albert Einstein in the field of economics and its related aspects. He wrote the article that is known as Why Socialism as an essay to explain a lot about the impact of socialism in the field of economics. Discussed in this scope are a few things that are found in this essay by Einstein that had and acquired a lot of fame after it was written and published.

Is your time best spent reading someone else’s essay? Get a 100% original essay FROM A CERTIFIED WRITER!

Order now

Discussion of Questions

The expression of the ideas in the economics by Albert Einstein is done in several ways and therefore the essay on why socialism covers a lot of things which in turn can answer a diverse number of questions which are related to economics as a field general. In the first place, according to Einstein, there are certain things that make the discovery of general economics laws difficult. Some of the things which are discovering the general economic laws difficult include the fact that most of the observed financial spectacles get affected by several other dynamics which are not easy to be evaluated in a separate way (Einstein). To add to this, the discovery of the same general laws is more difficult as a result of the accumulated experience right from the time the civilization period came into human history. This civilization and the accumulated experience have always been affected and impacted on by causes which do not seem to be economic.

Similarly, Thorstein speaks about the historic tradition and predatory stage of human growth. He says that the predatory phase of human development has not yet been overcome. In this, what Thorstein refers to and describes as the predatory phase is the stage in human development whereby nearly all the human beings depend on others to get a particular satisfaction of their needs (Einstein). In other words, it is the period of continuous dependency on others for survival.

Albert Einstein majors greatly on socialism and describes the main purpose or rather the role that socialism plays in the economic world today. According to the description that is given by Einstein (Einstein), socialism serves the greatest purpose of overcoming and progressing past the destructive stage of human growth in a precise way (Einstein). This means that with socialism, it is possible for the society to get over the dependency rates and achieve another level in which people in the society are economically stable and independent by themselves.

Einstein argues that man is constantly and simultaneously in two states which come together and cannot in any way be separated from each other. By this, he says that male is all at equal time, a lonely and a social being (Simon Pp, 1-13). This means that as a solitary being, man focuses so much on his development and that of those who are closest to him and protects them. Turning on to the other state, as a social being, a man begins to strive for the affection and recognition by the other people around him. He does what is possible to protect them, help them and comfort them,

The author of the essay, Albert Einstein, provides a clear abstract meaning of society. He says that society means that each person is the total of their indirect and direct relations to the other people and contemporaries of the earlier generations. This is in that this person can feel, think, work, and strive alone while at the same time depending so much on the society for his intellectual, emotional, and physical existence (Einstein). In other words, this person cannot be thought of and understood outside society's framework. Concerning the point conveyed by Einstein about a man and the society, there is a proof that there will be no any given time when a man can get completely independent. Instead, the people of the entire society depend on each other in different ways for them to be complete.

According to Einstein, the real source of all the evils in the society today is the existence of the economic anarchy of capitalist societies whereby people are being deprived of their fruits they have produced by the others who have not taken part in the production (Klein et al). All this is happening because of the bad rules that have been established in capitalist societies. When private capital is so much concentrated in few hands, there is the risk of the interests of the lower people not being represented to the maximum, and thus their representatives will not give them a chance to enjoy their political rights.

Conclusion

In conclusion, Einstein explain a lot about the impact of socialism in the field of economics in terms of the unlimited competition and huge labor waste as the most crippling evil of capitalism.

Works Cited

Einstein, Albert. "Why Socialism?" Monthly Review 52.1 (2000): 36.

Klein, Martin, et al. "The Collected Papers of Albert Einstein." (1994).

Simon, John J. "Albert Einstein, radical: a political profile." Monthly Review 57.1 (2005): 1-13.