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10 Cards in this Set
- Front
- Back
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Capitalism as a system
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Private ownership of the means of production, commodification of labor, global marketplace, ceaseless accumulation of capital
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Fordism
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Deliberately overpaying workers so they would be loyal to the company and be able to afford to buy cars. High wages promote mass consumption
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Sociology of Economic Life
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Using sociological theories and methods to analyze economic processes
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Post-Fordism
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Outsourcing, flexible production, mobile factories
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Nation-State logic versus Capital Logic
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Nation-state is territorial, tied to land and borders, focused on nationalism
Capital is global, wants expansion, focused on shareholders |
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Globalization
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Increasing economic, political, socials, and culturing integration and interdependency
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Embeddedness Thesis
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Idea that the market is always embedded in power networks, social networks, and cultural practices
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Social construction of markets
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Human made institution, riddled with imperfections. Not natural but real and vary acccording to time, geography and culture
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Varieties of capitalism
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Organized in different ways in different places depending on political climate, culture, and national systems
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Development
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Planned social change to improve the material well-being of society.
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