Traditional authority the power elite pluralism

Traditional Authority
The power elite
Pluralism: multiple centers of power in a democracy that are balanced out by competing interests
vying for incluence over government policies
Ch. 14 Work and Economic Life
types of capitalism discussed in class (family, institutional, etc.) : Why is family capitalism “here
to stay”? 90% of all business in the world are family business. Is the most dominant form of
business in Asian which is where most of the economic growth comes from
Fordism : introduction of assembly line by Henry Ford (ford motor company
Post-Fordism : transition from mass industrial production to more flexible forms of production
favoring innovation and aimed at meeting market demands for customized products
Taylorism: set of ideas (scientific management ) developed by Frederick Winslow Taylor that
involves simple, coordinated operations in industry
Alienation (Karl Marx) : our own abilities as humans being taken over by other entities
Flexible production : opposite of post-fordism , when different parts of a product are made by
different factories and come together
Activist investors: investors who try to influence companies to try to get more money in stock
markets.
Ch. 16 Education
Hidden curriculum refers to learning the norm of and how to behave in American society
( learning how to be a citizen)
8

9