Explain Why Ryle Refers to the "Official Doctrine" as "The

question 141

Essay

Explain why Ryle refers to the "official doctrine" as "the dogma of the Ghost in the Machine." How well do you think this metaphor addresses the problems in the "official doctrine"?

---

Definitions:

Discount Rate

The rate of interest known as the discount rate is employed in discounted cash flow analysis to figure out the current value of cash flows expected in the future.

Working Capital

A measure of a firm's ability to fulfill short-term financial obligations, underscored by its liquid assets minus its due debts.

Salvage Value

The appraised remaining value of an asset at the point of its life end.

Pretax Return

The earnings of a company before taxes have been deducted.