KP211 Lecture Notes - Lecture 7: Thomas Sowell, Corporatism, Longitudinal Study
31 Jan 2019
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Document Summary
Structural-functional view: what is the impact of the family on sports, how does the family aid in social cohesion. What does the data say: journal article methods and ndings, operationalizing the family. Categories of people who share an economic position: combination of income, wealth, education, occupation, and social networks. The allocation of scarce resources with alternative uses: economist thomas sowell. The best economies are the ones that ful ll the material needs of society. State-controlled economies: capitalism vs. socialism, current economy: corporatist. Government allows certain types of private ownership through regulations and control. View the economy as a well-oiled machine designed for maximum e ciency: support tenets of the stays-quo, health of the economy is vital for health of a society. Impact of dysfunctions are devaststing: ie. crash of 2007/08. Inequalities produced are a part of the functioning of the system: high skills=high wages/low skill=low wages. All types o work needed to produce maximum e ects.
