SOSC 2330 Lecture Notes - Lecture 1: John Stuart Mill, Homo Economicus, Economica
26 Sep 2017
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Subjectivity from an economic perspective as well as a legal perspective. We based our theories off of this, it makes it easier for economic theory. A mainstream (neoclassical) response today would be: the study of how society allocates scarce resources . If we were to broaden the study of production, consumption, exchange and distribution of goods within society. Economics emerged as the mathematical science that we know today at the end of the. Most of our goods come from elsewhere which contributes to how complex our contribution to economics can be. Political economy predates the emergence of economics as a science. It deals with the political realm (the state), the private realm (the individual or household), and the interrelations between them. One can think about political economy as the study of the social relations, particularly the power relations, that mutually constitute the production, distribution, and consumption of resource vincent mosco, 2009.
