One distinctly polarizing issue argued by socialists and defended by individualists is whether the entrepreneur is entitled to his profits. ... Marx's critique of the entrepreneur is considered the foundation for socialist thought on the issue; however, the English entrepreneur Robert Owen suggested a model where profits from production were to be divided amongst the owner to be reinvested in capital and redistributed to the workers to improve social welfare, (60). ... While the contrast between individualists and socialists is strong on this single issue, it is not limited to entitlement...

• Word Count: 1068
• Approx Pages: 4
• Has Bibliography
• Grade Level: Graduate

This idea has been birthed by Polanyi's insight into the changing patterns of markets and their role in respect to social life as the economy becomes more industrialised. ... In the contemporary socio-economic sphere, Polanyi's analysis of market patterns and progression of markets can become increasingly relevant to investigating current socio-economic policy issues. When Polanyi's theory is extended to the real world it especially provides insight into the issues pertaining towards the labour market. ... Due to this pervasive unfairness, the area is extremely important for soc...

• Word Count: 1246
• Approx Pages: 5
• Has Bibliography
• Grade Level: Graduate

Escobar concluded his article recognizing that for post-development to be a socially effective tool depends on how we assess the current state of modernity. He posits that we are moving beyond the paradigm of modernity, both epistemologically and socially. ... While he acquiesces to the criticisms of development – as many others have pointed out the same issues, the problem with this view is the rhetoric and posturing. ... While he provide answers to these issues, Ziai also recognizes these criticisms have root in the two discourses within post-development itself. ... They particularly...

• Word Count: 3546
• Approx Pages: 14
• Grade Level: Graduate

This, he claimed, proved the existence of the 'dominant class' as a social phenomenon and the inaccessibility of those of a working class background to the higher echelons of society. Seeing as fee paying schools are, by their very nature, accessible to only a small portion of the population through their fees and the family connections required to attend, they are merely another social mechanism to retain Britain's wealth within a select elite. ... Firstly, he examines the notion that the managers appointed by the owners of large companies do in fact constitute a new class, on...

• Word Count: 2635
• Approx Pages: 11
• Has Bibliography
• Grade Level: Graduate

For Branco, this movement towards overall inequality is due to the low value capitalist nations place upon social programs. ... Critics of a partnership between capitalism and liberal democracy point to the aforementioned political equality as a contentious issue between the two ideologies. ...

• Word Count: 1285
• Approx Pages: 5
• Has Bibliography
• Grade Level: Graduate

During the 1990s, literature on the international political economy was dominated by the idea of globalization. Dramatic decreases in transport costs and the rise of fast and cheap telecommunications technology have made geography less relevant and facilitated massive increases in global trade and new forms of multinational production. Whether or not such developments are good or bad is a topic of ongoing political debate. Some argue that an expanding global economy provides new opportunities for the developing world to integrate into global markets and to achieve rapid rises in living standar...

• Word Count: 7309
• Approx Pages: 29
• Grade Level: Graduate