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Economic sociology is an attempt by sociologists to redefine in sociological terms questions traditionally addressed by economists. It is thus also an answer to attempts by economists (such as Gary Becker ) to bring economic approaches – in particular utility maximisation and game theory – to the analysis of social situations that are not ...
Cultural economics is the branch of economics that studies the relation of culture to economic outcomes. Here, 'culture' is defined by shared beliefs and preferences of respective groups. Programmatic issues include whether and how much culture matters as to economic outcomes and what its relation is to institutions. [ 1 ]
Traditional society has often been contrasted with modern industrial society, with figures like Durkheim and Pierre Bourdieu stressing such polarities as community vs. society or mechanical vs. organic solidarity; [3] while Claude Lévi-Strauss saw traditional societies as 'cold' societies in that they refused to allow the historical process to define their social sense of legitimacy.
A traditional economy is a loosely defined term sometimes used for older economic systems in economics and anthropology. It may imply that an economy is not deeply connected to wider regional trade networks; that many or most members engage in subsistence agriculture, possibly being a subsistence economy; that barter is used to a greater frequency than in developed economies; that there is ...
A Critique of Soviet Economics; The Long Revolution; Guerrilla Warfare; The Wretched of the Earth; Reading Capital; The Society of the Spectacle; Pedagogy of the Oppressed; Ideology and Ideological State Apparatuses; Ways of Seeing; How Europe Underdeveloped Africa; Social Justice and the City; Women, Race and Class; Marxism and the Oppression ...
The formalist model is closely linked to neoclassical economics, defining economics as the study of choice under conditions of scarcity.All societies are therefore a collection of "choice making individuals whose every action involves conscious or unconscious selections among alternative means to alternative ends" or culturally defined goals.
Emphatically, traditional institutionalism is in many ways a response to the current economic orthodoxy; its reintroduction in the form of institutionalist political economy is thus an explicit challenge to neoclassical economics, since it is based on the fundamental premise that neoclassicists oppose: that economics cannot be separated from ...
Karl Paul Polanyi (/ p oʊ ˈ l æ n j i /; Hungarian: Polányi Károly [ˈpolaːɲi ˈkaːroj]; 25 October 1886 – 23 April 1964) [1] was an Austro-Hungarian economic anthropologist, economic sociologist, and politician, [2] best known for his book The Great Transformation, which questions the conceptual validity of self-regulating markets.