Soc.173 (Economics + Sociology)
Soc.173 (Economics + Sociology)
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This 4 page Bundle was uploaded by Nina Khar on Sunday May 18, 2014. The Bundle belongs to a course at University of California - Los Angeles taught by a professor in Fall. Since its upload, it has received 469 views.
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Date Created: 05/18/14
Week 4 Commodities From Production to Consumption Carruthers and Babb Markets Meanings and Social Structure Hirsch Processing Fads and Fashions 0 Advertising creates tastes and preferences Wherry Cultural Dimensions of Market Supply Money Historical Aspects Cipolla Dollars of the Middle Ages 0 Money needs high unitary value intrinsic stability long after 1 issued support by strong economy involved in international trade Ex Mediterranean econ Defaced petty coins9 only gold coins Smith Of the origin and use of Money 0 Week 5 Division of labor 9 need to exchange 9 money can be anything Metal was most efficient Problem weighing fraud metal Solution coined stamped money from private mints Money and The State Strange Money Power and Space 0 State regulates money 38 international politics Foreign debt Important links btwn economics money politics power and geography space Market economy US military power after WWII 9 control over entire moneta system Two crises that of the creditors who had risked their business by lending too much and that of the borrowers who had risked their economies by borrowing too much at variable rates of interest 9 stock market crash Industry and confidence was quickly restored thanks to reassurance of governments through the central banks System provided most credit to the rich countries and especially US Big transnational business does better out of the new global game of nance than small local business A shift of power from state to market a certain loss of national control over material life for the citizens of the state The loss is much more apparent for small weak poor states than for large rich and powerful ones Kaelberer The Euro and European Identity Symbols Power and the Politics of European Monetary Union Euro as example 0 OOO Assess the relationship between money collective identity and European integration Move of European Union towards a common currency contradicts conventional one nationone money assumption Money is a social relation that involves collective identity based on trust between individuals to use medium for exchange commodities coins paper or computer blips Process of modernization trust has become abstract and institutionalized Now diffuse identity based on utilitarian or contractual factors is sufficient Money and identity are connected through a reciprocal relationship Money served as an identity creating tool in the process of national monetary unification during the late 19 century Money can be part of a process that forms a community Money requires at its foundation some level of collective identity Money is a social relation and it dependson the trust between individuals that the medium they use for exchange commodities coins paper or computer blips o Modernization process relationship between money and identity has increasingly become abstract 0 Trust is now generated more thoroughly through institutions than through affective ties Week 6 Money Cultural In uences Poggi Simmel s Philosophy of Money 0 as an institution in social theory framework 38 means of exchange symbol tool impersonal abstract dynamic potentiality associated with politics freedom individualization Zelizer The social meaning of money Special Monies 0 Gender domestic not men s money Differed by class working class wives handed out allowances Markets Classic vs NeoClassical View Smith Wealth of Nations Division of Labor is limited by extent of market 0 Classic view of markets Divison of labor 9 people need to exchange Money facilitates this as barter system is inconvenient Radford Prisoner of War Camp 0 Cigs currency 9 medium of exchange is arbitrary Shows naturalness of Markets Barteringexchanging physical location classic view Week 7 Markets Imperfections or Realities Block The Market 0 Post industrial economies complex social processes NOT like NC Economies microeconomic choices social regulation state action Spot markets don t work Firms have contracts relationships culture in uences Geertz Bazaar Economy Info And search in Peasant Marketing 0 Networks personal ties in uence buying and selling Classic view of markets bc Clientelization repeat buyers bartering exchanging bargaining adversarial asymmetries of info Markets Sociological Views Spillman Cultural Dimensions of Markets 0 Cultural prescriptions drive buying and selling not supply and demand Market exchange reciprocit3 redistribution norms Markets in uenced by embeddedness of social networks institutions Fligstein Markets as Politics 0 Firms want stability survival steady income pro t not primary Problems 1 Price competition going out of business Soln cooperation integration diversification 2 Firms form political coalitions 9 state crucial Firms in uence politics 1 own property 2 want state uphold private property rights 3 want state to restrict competition 0 Politicians lobby the state 9 laws good for business 0 Politics in markets works in stages 1 Formation of Markets political action social action 2 Stable Markets 3 Market transformation against NC view Week 8 Markets NonMarketables on the Market Zelizer Life insurance 0 Urbanization marketing tactics made life insurance acceptable Life insurance became formalized and a sacred ritual of the management of death Landes and Posner Economics of the Baby Shortage Rethinking commodif1cation 0 Babies should be boughtsold bc fewer babies in foster care more efficient NC position bc supply demand Economy De nitions and Types Carruthers and Babb Markets Meanings and Social Structure 0 Market behavior thru econonmics Markets social constructions embedded in non market social relations 1 Markets have preconditions need to function 2 Markets differ in time space spheres of economic life and different societies Bandelj Economy and State A Sociological Perspective 0 State in uence on economy depends on social forces State manages functioning of markets ex property rights regulating commodification of labor setting corporate govemance standards intemational exchange rules in uences economic outcomes for individuals firms amp nations Polanyi Reciprocity Redistribution and Market Exchange 0 Economies acquire unity and stability through forms of economic integration 0 reciprocity householding subsistence manorial preindustrial pretty commodity feudal economies redistribution socialist ancient state economies market exchange capitalist Week 9 Economy The Development of Capitalism Emigh Transitions to Capitalisms 0 Classical theories Marx Weber Neoclassical theories capitalism as political agenda We embed assumptions about the transition to capitalism We view it as inevitable without looking at the social and cultural factors that made capitalism ideal In order to understand current market transitions we need to look at the historical rise of capitalism Emigh The Unmaking of Markets 0 Way to visualize the economic and social evolution of 15th century Turscany Subsistence economy Castelnuoro practiced generalized reciprocity There was enough property being circulated through inheritance dowry s sales that land was being circulated through the community Visual representation of concepts Week 10 Economy Comparative Capitalisms Biernacki Politics and Society 0 Cultural differences in Labor theory of value different in diff countries England LME Germany BCME 0 Transition to Capitalism I England wage rate regulated 9 employment in terms of production of commodities so producers could exchange goods Contract for labor amount of commodities produced 9 Laborers wanted higher wages for commodities LME from English individualism more contractual model I Germany wage compensated for labor power 9 labor power bought and sold Contract for labor power between powerful employer and subordinate employee 9 Laborers wanted more vacations and compensation for expended labor power BCME from German corporatism less contractual model 0 Different de nitions words illustrate different forms of capitalism Ex Wage labor embodied labor Britain Labor power Germany FG and Babb Paths to Neoliberalism in four countries 0 Compared 4 different countries to understand what happens under globalization pressure to conform to LME model France and Britain more developed Mexico Chile less developed 0 Britain Chile implementation of reforms strictly in LME model Mexico France followed BCME model and implemented LME reforms more loosely 0 Findings Mexico France reforms 9 economic growth and countries remained in BCME model 9 2 forms of capitalism both fairly robust 0 Economic policies and reform applied to 4 countries but played out different because of different political social and cultural context in each country 0 Neoliberalism neoliberal economists apply policies in a blanket way to predict future but in reality the model does not apply Both articles introduce cultural variables How economies actually look varies according to historical political and cultural context 0 Extra Authors Pahl 1 Production for use 2 Petty commodity production 3 Industrial capitalism 4 Post industrial economy Taussig Subsistence economy and industrial capitalism economy commodities tin sugar had use value before the Spanish colonists When the Spanish colonists introduced wage labor the Indians then worked for a wage and they viewed the commodities as work of the devil Reverse fetishism of commodities Because the Indians didn t go to the shopping mall and buy things They made things and used them and when they didn t understand how things were made then they viewed it as having a life of its own Labor labor power f of c rei cation They attributed working in the fields or a mine is the working of the devil same with using their objects They are not used to using their labor power in that way
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