Reading Notes November 28th

Reading Notes November 28th - Carter Whittington Jordan...

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Carter Whittington Jordan Radke Soci 415 28 November 2011 Reading Notes 11/28 In Chapter 8 Lindblom looks at the market system through the eyes of a visitor to earth that is unfamiliar with any of its rules in order to show that it is not just. He talks about the rule of “quid quo pro” which means you get what you put in. Rand talks about the tribal nature of European societies and explains capitalism through a political economic view noting that we can study society by looking at man, but we can’t study man by looking at society. Furthermore, she talks about how slavery gave way to wage slavery and so on, until the recent societies/economies evolved. The main idea behind the principle of "quid pro quo" is that individuals get out what they put in. Lindblom and Rand evaluate the justice of this principle differently. Lindblom’s argument is that individuals do not get out what they put in because that is only measurable in terms of what someone can sell in the market. He notes how capitalism creates inequality and how things
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This note was uploaded on 12/08/2011 for the course SOCI 415 taught by Professor Margarita during the Spring '09 term at UNC.

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Reading Notes November 28th - Carter Whittington Jordan...

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