Examining the ways in which ostensibly universal categories are constituted by oppositional dualisms can reveal the ways that false universalism naturalized and reproduces social hierarchy and inequality. Finally, taking gender seriously, as well as other significant dimensions of collective identity, will result in less partial and less distorted accounts of people's actual lives in all their many varieties. This can lead to economic theorizing that illuminates economic realities and facilities socially progressive policy analyzes (Burnett, 1999).
Value is the most important word to understand an economic and non-economic context. The word means to be strong or worthy. In purely economic terms is refers to the amount of some commodity, medium or exchange which is considered to be an equivalent for something else (Waring, )
Economic analysis is properly aimed at understanding the social relationships in which life is produced and reproduced in human societies. Critical examination of how work and skill are defined, distributed, and rewarded are crucial elements of such an analysis. By looking through the prism of gender, we can see much that is otherwise obscured. Feminist reconstructions of economics are now well underway. The process of redressing the invisibility of women and femininity in economic analysis is continuing, and new ways of thinking about economic process are emerging. These innovations, along with the recognition that racial and ethnic hierarchies have existed in labor markets across the entire span of capitalist development, will improve the capacity of economics to understand our world and act intelligently in it (Meagher, ).
Gender roles are not something that people chose but they are responsibilities that that they assigned based upon the culture that they are born into. Most do not have a choice about these roles they must follow the path that has been set down for them. Because of these pre-defined roles there tends to be a lot of inequalities that exist between the genders. It is these inequalities that lead to the economic issues that come about.
Economic activity is most definitely embedded into gender relations. These pre-determined roles...
These factors mean that the old economic theories are not always working properly and are not always properly adapted to the current globalization conditions. Following from this, as more importance is weighted towards behavioural economics, the old theories and rational behaviours of population are believed to weigh less now and thus give misleading guidance to the market players. 4. a. I believe that economic terms can be used for both examination
As economic crisis in the United States has caused families to save rather than spend, which will cause exports from these countries to decline. While these economists certainly understand the concepts of demand, the article suggests that economic pain for developing countries might not necessarily be the case. Instead, the article suggests that countries who have the ability to stimulate their own economies through savings will be able to
This is one of the fears that many people share, and that the Economist article deftly points out. The Fed's argument about keeping interest rates low as a mechanism for job creation has also been rather unproductive. The Fed argues that by offering low interest rates on borrowed money that businesses will take loans to grow. But in this recession, there is no reason to grow when there is decreased
The author noted that this was an important step to help ease the problems created by the collapse of non-bank funding. The author concludes by noting that the proposed package's tremendous size combined with its lack of clear details or forceful regulation leave the program open to criticisms that it is both too vague and too timid. Furthermore, he points out that the plan's failure to fully account for the
economist Approach The production and sale of alcoholic beverages contribute a small share in national product in the United States and in other advanced economies. However, the damaging effects of alcohol consumption on health and safety constitute a very significant economic burden, reducing our overall standard of living. Chronic heavy drinking causes organ damage that result in disability and early death. Other possible consequences include cognitive impairment, addiction, reduced productivity,
For example, if apple prices are higher than orange prices, consumers are likely to buy more oranges, since the fruits are virtually substitute goods for one another. So long as the apple growers can still make a profit, they will very likely lower their prices to meet consumer demand, until demand for apples increases again. Another example is that of gas prices. While gas 'gouging' certainly exists, it is
Our semester plans gives you unlimited, unrestricted access to our entire library of resources —writing tools, guides, example essays, tutorials, class notes, and more.
Get Started Now