SOCY 122 Lecture Notes - Lecture 5: Economic Sociology, Economic Determinism, Late Capitalism

• School: Queen's University
• Department: Social Sci, Edu and Soc Work - Sociology
• Course: SOCY 122
• Professor: Victoria L Friesen

Document Summary

Refers to monocausal determinism by material, economic factors. Dialectical materialism allows for more flexibility and may even include a feedback mechanism. Closely related is economic reductionism emphasis is placed on the idea that the economy is closely intertwined with all forms of the culture of consumerism. Economic determinism equally misleading, one-sided idealist determinism: economic development. Concerned with how societies have, could, and should pursue improvement in the quality and quantity of life for their inhabitants. The politically and socially important pursuit of economic development continues and involves academics, nation- states, regional and international organizations, non-governmental organizations, and philanthropic foundations. Economic development theories were largely based on the belief that all societies developed through a set of stages that ultimately would lead to a modern nation- state and industrial economy: economic sociology: classical political economic perspectives. The science of the production, distribution, exchange and consumption of wealth.