SOSA 2141 Lecture Notes - Lecture 17: Canadian Imperial Bank Of Commerce, Deskilling, Occupational Segregation
25 Aug 2016
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The economy is doing well ; the economy collapsed , etc what is the thing we call the economy . Economy is different from other realms of life economic sphere as opposed to political sphere, cultural sphere. What it"s not: politics, society, the household or so we think. Economy" dates back only to the mid 19th century. Adam smith and others did not call themselves economists, partaking in economics, but rather political economy. Economy then referred to the prudent use of resources; did not refer to this fixed space. A social construct depicting a sphere in which all production (labour) and consumption (buying and selling) of goods and services happens. Connected to the emergence of mathematical economics (aka macroeconomics) Not a natural inevitable thing, but a social construction humans created. A labour market is where employers and employees come together, where workers get distributed into jobs and industries . Employees and potential employees = the labour force .
