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Karl Polanyi, in his book The Great Transformation, was the first theorist to propose the idea of "embeddedness", meaning that the economy is "embedded" in social institutions which are vital so that the market does not destroy other aspects of human life. The concept of "embeddedness" serves sociologists who study technological developments.
In economics and economic sociology, embeddedness refers to the degree to which economic activity is constrained by non-economic institutions. The term was created by economic historian Karl Polanyi as part of his substantivist approach. Polanyi argued that in non-market societies there are no pure economic institutions to which formal economic ...
Illustration from a 1916 advertisement for a vocational school in the back of a US magazine. Education has been seen as a key to socioeconomic mobility, and the advertisement appealed to Americans' belief in the possibility of self-betterment as well as threatening the consequences of downward mobility in the great income inequality existing during the Industrial Revolution.
The Huffington Post and The Chronicle of Higher Education have teamed up to tell the story of what the subsidization of college athletics means for universities like James Madison and for the students who are forced to foot the bill, often without their knowledge or real consent. The investigation, which included an analysis of financial ...
Multiple income streams can complicate your tax situation, said Sherman Standberry, a licensed CPA and managing partner at My CPA Coach. “You might fall into a higher tax bracket or have to deal ...
On campus, views are mixed about what constitutes a reasonable subsidy, and whether students should foot the bill. Subsidies make possible thousands of athletic scholarships, which often go to low-income students who might otherwise not attend college. Without subsidies, many non-revenue sports like track and field and swimming would probably ...
Another possibility for measuring income segregation is the use of a ratio of the between-neighborhood variation in mean income to the total variation of income, one of the variation of this approach is a centile gap index (segregation is equal to one minus the ratio of the within-neighborhood variation in income percentile rank to the overall ...
The Pew Research Center defines middle-income Americans as those whose annual household incomes are two-thirds to double the national median. With the median annual income sitting at about $74,580 ...