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35 Cards in this Set

  • Front
  • Back
said globalization is the expansion and stretching of social relations, activities and interdependencies
Inda and Rosaldo
said globalization is the intensification of global interconnectedness, suggesting a world full of movement and mixture, contact and linkages, and persistent cultural interaction and exchange; borders become more porous; globalization is uneven
said market does not always know best and regulation is needed
Mickletwait and Wooldridge
say globalization limits governmental power and increases freedom
uses sugar and meat as examples of ways things are naturalized and how naturalization is a way of maintaining power
said we should look at how globalization affects women and explore the power dynamics
said the African slaves had to be dehumanized in order to defend the use of their labor
said you need to watch how things are named and that Darfur is not a genocide but is a civil war
said that human identity is closely linked to nationalism and nation-states
says there should be a balance found between the Lexus and the Olive Tree (modernization and traditions, culture
says that modernization seems cumulative (building on itself) and irreversible; these ideas make globalization seem natural
said that people are naturally not moral people and interaction makes them more moral; markets make people interact and thus increases morality
Marx and Engels
said that the history of society is based on the history of class struggles; communism is the only way there will be no class struggle (since no class)
said that the market and the social sphere have disembedded but it seems now that the economy engulfs the society
says that the free market is regulated by society; for example, why do we have welfare and such?
said that by planning the after-war economy, American was able reconstruct the economy in the way it wanted
said that economic structuring was only to benefit the north and harmed the south
said that development was invented through a word, "undevelopment" and that underdevelopment was the incomplete form of development
golden straightjacket
private sector becomes primary engine of economic growth; has only this option to be successful; Friedman
system of shared ideas, patterned beliefs, guiding norms, regulative ideals accepted as fact by some group
set of social processes that appears to transform our present nationality condition to one of increasing globality
the end of history hypothesis
end of human development will be reached when all nations are democratic and capitalist; Fukiyama
political doctrine that emphasizes the protection of the freedoms and rights of the individual; emphasizes open markets and promoting interconnectedness; Smith
banks create this from debt and this is owed in taxes
classical economics
idea that the economy will fix itself; gives economic freedom but some governmental regulation if needed; Smith
neoclassical economics
approach that places supply and demand on the individual's rationality to maximize personal utility; Keynes
Invisible Hand
in pursuing one's own interests, it promotes that of the society; Smith
Labor Theory of Value
the value of something is the toil and trouble of acquiring it; Smith
Commodity fetishism
capitalism affects the way people interact with one another based on the classes they belong to; Marx
use value
the utility of some particular object
exchange value
the value that good has in purchasing other goods
how things have become embedded into our minds, society, etc
myth of the self-regulating economy
idea that markets will self-regulate; Polanyi disagrees and says the government must get involved
Homo Economicus
economic man and money becomes the most important thing in life; Polanyi critiques this
costs that slip through the net of prices