Exam (elaborations)
ECON 330 WORKERS AND THE ECONOMY UNIT 3 SUMMARY (Reading and Content) ATHABASCA UNIVERSITY
- Course
- Institution
ECON 330 WORKERS AND THE ECONOMY UNIT 3 SUMMARY (Reading and Content) ATHABASCA UNIVERSITY
[Show more]
Content preview
lOMoAR cPSD| 19857451ECON 330 WORKERS AND THE
ECONOMY UNIT 3 SUMMARY
(Reading and Content) ATHABASCA
UNIVERSITY.
, lOMoAR cPSD| 19857451
Unit 3: History
Textbook Readings: Chapters 1-7 of Capitalism Book
Notes on Introduction:
- Economists care little for history until there is a crisis that may be explained by
looking at history (imagine that?)
- Book review available as an example
Unit 3 Reading Notes:
Study Questions for Chapters 1-4:
o How does Bowles define capitalism? Compare his definition with the one
Yates gives in chapter 2 of Naming the System. Do you find one definition more
convincing than the other?
o Why are there different approaches to analyzing capitalism?
o Can you think of the policy implications of pro- and anticapitalist theories,
respectively?
o Do you see a connection between the respective interests of workers and
employers and the different theories introduced by Bowles?
Chapter 1—“How to Think about Capitalism”
- Battle of Seattle: The protests and street protests between anti-globalization activists
and police which accompanied the World Trade Organization Ministerial meetings in
1999.
- Capitalism promises prosperity to all; anti-globalization argues capitalism will only bring
more poverty and give more power to corporations
- Capitalism appears in a variety of forms across countries. Some examples follow:
- Gangster Capitalism (Russia): characterized by lawlessness and private enforcement of
contracts
- Laissez-faire capitalism (Hong Kong): The market plays a major role and government a
minimal role. Similar to market capitalism.
- Crony capitalism (Asia & Latin America): economies in which the relationship between
government and business is too close giving rise to possibility of corruption and crises by
unsound lending practices
- Red capitalism (China): countries ruled by socialist parties in which party cadres play
important roles as economic managers motivated by profit
- Merchant capitalism: Early form in which profits were made in the trading of goods
- Basically capitalism varies much across countries and time and yet has common
elements that enable just this behavior.
The benefits of buying summaries with Stuvia:
Guaranteed quality through customer reviews
Stuvia customers have reviewed more than 700,000 summaries. This how you know that you are buying the best documents.
Quick and easy check-out
You can quickly pay through credit card or Stuvia-credit for the summaries. There is no membership needed.
Focus on what matters
Your fellow students write the study notes themselves, which is why the documents are always reliable and up-to-date. This ensures you quickly get to the core!
Frequently asked questions
What do I get when I buy this document?
You get a PDF, available immediately after your purchase. The purchased document is accessible anytime, anywhere and indefinitely through your profile.
Satisfaction guarantee: how does it work?
Our satisfaction guarantee ensures that you always find a study document that suits you well. You fill out a form, and our customer service team takes care of the rest.
Who am I buying these notes from?
Stuvia is a marketplace, so you are not buying this document from us, but from seller saraciousstuvia. Stuvia facilitates payment to the seller.
Will I be stuck with a subscription?
No, you only buy these notes for $15.39. You're not tied to anything after your purchase.
Can Stuvia be trusted?
4.6 stars on Google & Trustpilot (+1000 reviews)
75759 documents were sold in the last 30 days
Founded in 2010, the go-to place to buy study notes for 14 years now