Economies of scale

In microeconomics, economies of scale are the cost advantages that enterprises obtain due to size, output, or scale of operation, with cost per unit of output generally decreasing with increasing scale as fixed costs are spread out over more units of output. Often operational efficiency is also greater with increasing scale, leading to lower variable cost as well. Enjoy the Day... Brian Sullivan

PayPal Mafia

PayPal Mafia" is a term used to indicate a group of former PayPal employees and founders who have since founded and developed additional technology companies[1] such as Tesla Motors, LinkedIn, Matterport, Palantir Technologies, SpaceX, YouTube, Yelp, and Yammer.[2] Most of the members attended Stanford University or University of Illinois at Urbana–Champaign at some point in their studies. Several also attended the Illinois Mathematics and Science Academy during high school. Three members, Peter Thiel, Elon Musk, and Reid Hoffman, have become billionaires. Enjoy the Day... Brian Sullivan

the social contract.

Civil society  -  Civil society is the opposite of the state of nature: it is what we enter into when we agree to live in a community. With civil society comes civil freedom and the social contract. By agreeing to live together and look out for one another, we learn to be rational and moral, and to temper our brute instincts. Common good  -  The common good is what is in the best interests of society as a whole. This is what the social contract is meant to achieve, and it is what the general will aims at. Enjoy the Day... Brian Sullivan

The Social Contract

The Social Contract Social contract  -  The agreement with which a person enters into civil society. The contract essentially binds people into a community that exists for mutual preservation. In entering into civil society, people sacrifice the physical freedom of being able to do whatever they please, but they gain the civil freedom of being able to think and act rationally and morally. Rousseau believes that only by entering into the social contract can we become fully human. Enjoy the Day... Brian Sullivan


Charles-Louis de Secondat, Baron de La Brède et de Montesquieu (/ˈmɒntɨskjuː/;[1] French: [mɔ̃tɛskjø]; 18 January 1689 – 10 February 1755), generally referred to as simply Montesquieu, was a French lawyer, man of letters, and political philosopher who lived during the Age of Enlightenment. He is famous for his articulation of the theory of separation of powers, which is implemented in many constitutions throughout the world. He did more than any other author to secure the place of the word despotism in the political lexicon.[2] Enjoy the Day... Brian Sullivan

The Social Contract

The Social Contract Context Jean-Jacques Rousseau (1712-1778) was active at the height of the French Enlightenment. Thinkers such as ##Voltaire##, Diderot, and d'Alembert headed a movement that placed supreme faith on the powers of reason. They were disdainful of religion or blind faith of any kind, believing that reason and knowledge could slowly bring about the betterment of humankind. Diderot and d'Alembert undertook the editorship of the Encyclopedie, the crowning glory of the Enlightenment, which was meant to serve as a record of all human knowledge collected to date. Enjoy the Day... Brian Sullivan