SOSC 1340 Lecture 10: SOSC 140 Fall Week 10

• School: York University
• Department: Social Science
• Course: SOSC 1340
• Professor: John Simoulidis

Document Summary

Business and economics is inherently social and political not purely technical or administrative! Politi(cid:272)al e(cid:272)o(cid:374)o(cid:373)(cid:455) is (cid:862)a fusio(cid:374) of e(cid:272)o(cid:374)o(cid:373)i(cid:272) a(cid:374)d politi(cid:272)al theo(cid:396)(cid:455) i(cid:374)to o(cid:374)e si(cid:374)gle so(cid:272)ial theo(cid:396)(cid:455)(cid:863) (cid:894)(cid:1005)(cid:895) Economic view (cid:858)suppl(cid:455) a(cid:374)d de(cid:373)a(cid:374)d(cid:859) only explains half the story. Recall heilbroner and polanyi: phillips also looks at different types of economic s(cid:455)ste(cid:373)s a(cid:374)d ho(cid:449) the(cid:455) sol(cid:448)e the (cid:858)e(cid:272)o(cid:374)o(cid:373)i(cid:272) p(cid:396)o(cid:271)le(cid:373)(cid:859) T(cid:455)pes of e(cid:272)o(cid:374)o(cid:373)i(cid:272) s(cid:455)ste(cid:373)s disti(cid:374)guished (cid:271)(cid:455) the politi(cid:272)al e(cid:272)o(cid:374)o(cid:373)(cid:455) of (cid:862)(cid:449)hat, ho(cid:449) and for whom the s(cid:455)ste(cid:373) (cid:449)ill p(cid:396)odu(cid:272)e(cid:863) (cid:894)p. (cid:1013)(cid:895) Tradition, command, market socialism (former yugoslavia) and market capitalism. All these solutions involve power (ideological, institutional and class): we need an u(cid:374)de(cid:396)sta(cid:374)di(cid:374)g of ho(cid:449) ea(cid:272)h e(cid:272)o(cid:374)o(cid:373)i(cid:272) (cid:858)solutio(cid:374)(cid:859) (cid:396)elates to the social (class) structure of societies. Market capitalism is a system of exchange, production and distribution where: There is private ownership of the means of production. All production is production for sale on the market. All incomes are derived from such sales.