01:920:314 Lecture Notes - Lecture 17: Gross Domestic Product, Walmart, Exxonmobil

• School: Rutgers University
• Department: Sociology
• Course: 01:920:314
• Professor: Dr.Eleanor La Pointe

Document Summary

The social reproduction of inequality: pierre bourdieu and g. w. Habitus: the idea that has phenomenological roots: we acquire from everyday habits that we often take for granted. Stocks, bonds, etc: total wealth includes savings, stocks, bonds, real estate, and other privately-owned propert(cid:455). What is espe(cid:272)iall(cid:455) i(cid:373)porta(cid:374)t is produ(cid:272)ti(cid:448)e assets . do (cid:455)ou o(cid:449)(cid:374) the (cid:271)uildi(cid:374)g(cid:894)s(cid:895) and the company: wealth is the (cid:271)est i(cid:374)di(cid:272)ator of a perso(cid:374)"s pla(cid:272)e i(cid:374) the (cid:272)lass s(cid:455)ste(cid:373). Warre(cid:374) buffet, the (cid:449)orld"s se(cid:272)o(cid:374)d ri(cid:272)hest (cid:373)a(cid:374) (cid:894)(cid:1006) (cid:271)illio(cid:374)(cid:895), took a (cid:1004)(cid:1004),(cid:1004)(cid:1004)(cid:1004) salar(cid:455). So if (cid:449)e used i(cid:374)(cid:272)o(cid:373)e as the sole (cid:373)easure, his i(cid:374)(cid:272)o(cid:373)e is (cid:373)iddle (cid:272)lass : the richest 5% of our population is said to be worth about 40 trillion dollars! Multiple dimensions: economic capital (assets/resources, social capital (network connections, cultural capital (everyday ease, competence, education, coolness): form of power. Social class differences: a function of differences in volume and use of economic, social, and cultural capital.