MHR 522 Lecture Notes - Lecture 2: Perfect Competition, Pareto Efficiency, Anti-Capitalism
Document Summary
Theory: attempt to explain something that isn"t known, that begs for an explanation. Paradigm: assumptions, norms, value, moral, that influence others in a fundamental sense (building block, could be deeply held from within) similar to lenses. Dives into industrial readings and relations and comes up with 5 paradigms: perhaps his own paradigm affects the 5 paradigms he has created. 5 paradigms: (like the political spectrum) left & right wing. Radical equality left wing (communism: marxism, socialist, concern for deeper social structures -> property ownership, very critical about labour movement, being weak, values, beliefs. Liberal reformist (we need more balance/reform: reform to the orthodox-pluralist way (critical side, realistically we don"t actually achieve this bargaining balance in the. Orthodox-pluralist institutionalist industrial relations (middle. Normative claim how things ought to be, implies a judgement, coffee ought to have sugar. A day ought to have 36 hours in a day, or should.