POL 2104 Lecture Notes - Social Mobility
22 Apr 2014
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March 14, 2013: what is political economy, figures in political economy. Originally economics focused on the allocation of wealth. However now economics has moved away from that. Tends to treat all economies as if they were the same. The theory is always right, the actor is always wrong. Two ways to allocate resources: states, markets. Focused on a few things: the question of power within the economy. Whenever power comes into any equation, interests are being observed. The allocation of resources will be unevenly distributed between social groups in the state. Look at the power of relationships between groups of peoples and individuals: social mobility isn"t as high as we like to think in canada. Capitalists have common interests: important to recognise the inherent complexity of this. Some sectors do drain more resources away from others: the third thing it looks at is the fact that at the nd of the day all markets are social systems.
