CMST 1A03 Lecture Notes - Lecture 3: Otterville, Ontario, Chartered Institute Of Public Relations, Symbolic Capital
11 Apr 2013
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Document Summary
Alex s vigny, apr, mcipr, phd (winter term, 2013) Completed his ph. d. in political economy at the university of chicago. People inhabit both a symbolic and a material environment. Classically liberal, believed in free markets constrained by common moral and ethical principles. The invisible hand - within boundaries of law, morality, and principles there is an invisible hand that brings together buyers and sellers in the market. Smith the moralist influenced innis the moralist. The theory of moral sentiments (a. smith)- says that the market only works when constrained by commonly held beliefs values attitudes and morals. Communities share values and beliefs that constrain the market. Changes in the mode of communication lie at the heart of social, cultural and economic evolution. Took a look at the history of economics from the perspective of symbolic capital, he learned that communications and technologies were the vehicle pushing and changing economic patterns of behaviour.
