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V. Rajasekaran, EditorNEW PERSPECTIVES IN ELT 2018Selected Papers from the National Seminar on New Perspectives in ELT Conducted by the Department of EnglishTheni Kammavar Sangam College of Technology, Theni 625534Tamilnadu, India . Editors: D. Nagarathinam, Ph. D. , and R. Vani, M. A. , M. Phil. Annamalai UniversityDepartment of EnglishSelect Papers from the National Seminar on Subaltern Literature: Resistance and ReconstructionIndian Writing in English: A Subaltern Perspective .
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Many early Wiccans, such as Alex Sanders, Sybil Leek and Alex Winfield, referred to their own magic as white magic, which contrasted with black magic, which they associated with evil and Satanism. Sanders also used the similar terminology of left hand path to describe malevolent magic, and right hand path to describe magic performed with good intentions; terminology that had originated with the occultist Helena Blavatsky in the 19th century. Some modern Wiccans however have stopped using the white black magic and left right hand path dichotomies, arguing for instance that the colour black should not necessarily have any associations with evil. Scholars of religion Rodney Stark and William Bainbridge claimed in 1985 that Wicca had reacted to secularisation by a headlong plunge back into magic and that it was a reactionary religion which would soon die out. This view was heavily criticised in 1999 by the historian Ronald Hutton who claimed that the evidence displayed the very opposite: that a large number were in jobs at the cutting edge , such as computer technology. The historian Wouter Hanegraaff noted that the Wiccan view of witchcraft was an outgrowth of Romantic semischolarship.
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This is an example in game theory called the Bertrand game, where two firms are constantly bidding prices down in order to attract market share until they reach the zero economic profit condition. Furthermore, as more companies begin to enter this taxi market such as Ingogo we can even see more characteristics of perfect competition emerging. For example Macmillan suggests that Uber, Lyft, TaxiMagic, SideCard, continue to imitate each others features, which we can identify as homogeneity of services, a fundamental tenet of perfect competition. Another key feature of Uber which has intrigued economists is the concept of price surging. Ubers business model represents one of the most basic principles of economics: increased demand raises prices and allows supply to expand. One example of this is during a snowstorm in New York in December 2013. The road conditions were terrible and there was a deficit of usual yellow taxis, leaving many stranded. In this instance Uber increased its fares up to six fold. While many customers have labelled this as price gouging, it achieved its intended effect of incentivising drivers to hit the roads and meet the demand willing to pay these prices. This phenomenon is so intriguing because unlike many markets, demand and supply adjustments are made instantaneously. Although this is not a perfect bidding market, but rather algorithm based pricing, it still fascinating to see information immediately reflected in prices.
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