Lecture 6 - Lecture 6 Theoretical Perspectives...

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Lecture 6 Theoretical Perspectives -Neoclassical -Political Economy different assumptions different actors Neoclassical -Basic assumptions self interested, rational individual maximization competition -Microeconomics: search for laws governing behavior -Formalism Neoclassical/Microeconomics -social dynamics, the sum of individual choices -assumptions: freedom of choice, perfect markets -good of individuals is good of society Elasticity of Demand -demand- price relation is not simple -Inelastic demand: food, water, basics -Elastic demand: luxuries -Veblen effect (conspicuous consumption) -values are cultural Political Economy -Basic assumptions principal actors are social classes domination/power history ideology Macroeconomics -capitalism WORK -humans are essentially productive -we produce ourselves and our society over the course of history -use value, exchange value, surplus value
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This note was uploaded on 11/25/2010 for the course ANTH ANTH 2 taught by Professor Walsh during the Spring '08 term at UCSB.

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Lecture 6 - Lecture 6 Theoretical Perspectives...

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