Search results
Results from the WOW.Com Content Network
Economic Sociology. New York: Academic Press. Richard Swedberg. 1990. Economics and Sociology: Redefining Their Boundaries: Conversations with Economists and Sociologists. Princeton University Press. ISBN 0-691-00376-9, ISBN 978-0-691-00376-4 Description and chapter-preview links, pp. v-vi. Richard Swedberg. 2007. Principles of Economic ...
Social choice theory is a branch of welfare economics that extends the theory of rational choice to collective decision-making. [1] Social choice studies the behavior of different mathematical procedures (social welfare functions) used to combine individual preferences into a coherent whole.
In a 1938 article, Abram Bergson introduced the term social welfare function, with the intention "to state in precise form the value judgments required for the derivation of the conditions of maximum economic welfare." The function was real-valued and differentiable. It was specified to describe the society as a whole.
"If we have a function which, although in and for itself unproductive, is nevertheless a necessary moment of [economic] reproduction, then when this is transformed, through a division of labour, from the secondary activity of many into the exclusive activity of a few, into their special business, this does not change the character of the ...
An example in economic policy, economist Anthony Downs concluded that a high income voter ‘votes for whatever party he believes would provide him with the highest utility income from government action’, [19] using rational choice theory to explain people's income as their justification for their preferred tax rate.
Another world is possible" is an argument that is made by many protesters around the world, who gather in rallies more and more often every year. These protests are more prevalent in higher-income countries where most of the 1% live like the U.S. and the U.K. with a growing social cohesion among protesters because the vast majority of people in ...
In sociology, a social system is the patterned network of relationships constituting a coherent whole that exist between individuals, groups, and institutions. [1] It is the formal structure of role and status that can form in a small, stable group. [1]
[5] Relative mobility is a zero-sum game, absolute is not. Exchange mobility is the mobility that results from a "reshuffling" of incomes among the economic agents, with no change in the income amounts. For example, in the case of two agents, a change in income distribution might be {1,2}->{2,1}. This is a case of pure exchange mobility, since ...