One of Polanyi's key theories is a "double movement" that arises out of a trend to push towards free market deregulation of the economy. ... In order for a freer market economy to take place, a system of regulations needed to be placed in order to be able to govern the market based on competitive forces rather than social norms. ... Polanyi postulates the "double movement" that will exist in the real economic world as a counter-balance in response to this this free – market liberalism system. ... When Polanyi's theory is extended to the real world it especially provides insight...

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

Marxists see crime as a natural side affect of the capitalist system, they see it as inevitable, and unavoidable. ... Therefore if you put a liberal-capitalist society into practise according to Marxists you will inevitably inherit a system where self-promotion and self-gain outweighs the need for collective well-being. ... Also things become more unfair when you take on board the wider Marxist argument put forward by such Marxist sociologists as Paul Willis and Pierre Bourdieu whom claim that the existing working classes are kept in place by an unfair education system (which counters the func...

• Word Count: 1725
• Approx Pages: 7
• Grade Level: Graduate

Argentina embraced US-style capitalism and adopted US-backed economic reform in the 1990s in the form of a fixed-currency system and unbridled free-market policies. ... The IMF and US have set a number of conditions in order to enable Argentina to qualify for such international loans such as overhauling its tax system, fixing the problem of provincial overspending, letting the peso float freely in the international market, adopting anti-inflationary monetary policy, a plan for lifting a freeze on foreign financial transactions, a concrete measure that its banking systems must continue to work ...

• Word Count: 506
• Approx Pages: 2
• Has Bibliography
• Grade Level: Graduate

In this essay I will look at sociological theories presented by Marx and functionalism, considering the degree to which it can be used to explain the actions of individuals and groups within a society. ... His Contribution to the Critique of Political Economy (1962) presents the theory that the structure of a human society (politically and ideologically) is determined by its economic power, and that human consciousness is driven by material possessions. ... Note : the key Marxist theory is based on industrial capitalism, and thus could be seen as somewhat outdated today. ... As a final mat...

• Word Count: 840
• Approx Pages: 3
• 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 n...

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