Briefly explain the role Joseph Schumpeter and Karl Polanyi’s work had on Wallerstein’s theories.
What will be an ideal response?
Wallerstein’s history of economic development is also influenced by the work of two renowned economists: Joseph Schumpeter and Karl Polanyi. Schumpeter saw capitalism imploding on itself because of moments of “creative destruction” in which the constant, beneficial innovations sparked by the entrepreneurial spirit would in time lead to the rise of monopolies that are better able to withstand the costs associated with “progress.” Polanyi details the role that governments played in supporting the economic interests of the rising bourgeoisie. Polanyi’s investigations led him to construct a “substantive” approach to the study of economics. Akin to anthropological studies, this approach was based on the premise that economic systems and modes of exchange are not separate from but, rather, are embedded in broader social and cultural relations.
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Most sociologists believe that the general differences in sexual drive between men and women are from:
a. innate personality factors. b. the socialization process. c. survival imperatives. d. reproductive capabilities.
"Free capital" refers to
a. investments that are kept within the U.S. b. the use of investments to promote human rights throughout the world. c. encouraging investment all over the world. d. money that is lent without any interest charges.
The ideal culture of almost all societies is the same as people's actual everyday behavior
Indicate whether the statement is true or false
List and briefly discuss the four themes of this text.
What will be an ideal response?