SOC 3380 Lecture Notes - Lecture 6: Market Failure, Biofuel, Ecological Footprint

• School: University of Guelph
• Department: Sociology
• Course: SOC 3380
• Professor: Anthony Winson

Document Summary

Question on early part that predates book, (classical greek etc) and then questions related to material in the book covered. Few multiple choice and fill in the blank on sea sick. Chapter 4 economic growth in a world of wealth and poverty. Gnp not captured where generated but gdp are. Exxon valdez- huge amount of contamination (over (cid:884)(cid:882) years ago still hasn"t knowledge and income/per capita (isn"t that much different in terms of life recovered) Hdi: life expectancy, academic attainment, gdp per capita etc. Indicators do not necessarily line up: costa rica, cuba and usa in longevity expectancy and income where it is known usa is wealthier) Important to put funding in the right areas ex. healthcare, schooling. Some differences between market liberals and intuitionalists but. Both really embrace the assumptions of neoclassical economics. In this model growth in economic a result of inputs of capital and labour. Natural environment viewed as static and infinitely available.