SOSC 1000 Study Guide - Midterm Guide: Moral Economy, Aggregate Demand, Keynesian Economics
14 Jul 2017
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Two sex-linked qualities that distinguish the ideal moral characteristics of men and women manliness for men and sexual shame for women. A struggle of self-discipline over cowards and sensuality; flaws of animal nature that continually threaten the limit the natural nobility of the man. A moral economy can be defined as an economy that is based on fairness, goodness and justice. It is based on cultural beliefs combined with economic activates. The moral economy runs on a system that makes sure everyone has something, and it makes sure everyone is taken care of. Significance: we thrive on a market economy instead of moral economy, where in a market economy everything is done to better ones own situation. Unlike a market economy, where only the fittest survive, notion of public good: new international division of labour. It is a spatial division of labour which occurs when the process of production is no longer confined to national economies result of globalization.
