ISS 225 Lecture Notes - Leninism, Invisible Hand, Totalitarianism

• School: MSU
• Department: Integrative Studies Social Sci
• Course: ISS 225
• Professor: Patricia Molloy

Document Summary

Economics is part of social sciences dealing with human behavior. Walter adams economic professor who was one of the best but he would testify on capital hill and upset people by what he said. Part of the problem is that people who write economic books don"t write the books in plain english they use difficult language. Focuses on individual sector of a large picture. Macro large looks at the whole system of economic activity. Needs: food some people eat what they can when they can; water pure clean drinking water; shelter- roof over your head, a safe place (but people live where they can live sometimes) clothing. Each generation considers something to be necessary that generation before does not: types of economic system. Tradition: anthropologist concerned with traditional society; culture, how lived. Command: system which is an extension of the state (totalitarian ideas where all the decisions are centrally made by gov.