Announcements 1.Open Office hours: Tuesdays 1-2 & Thursdays 4-5 8112D Social Sciences 2. Updated figures and tables: at the copy Center and posted on

Slides:



Advertisements
Similar presentations
The Dismal Economy Heather Boushey Center for Economic and Policy Research 8 April 2005.
Advertisements

Lecture 2, Thursday, September 6 WHAT KIND OF SOCIETY IS THE UNITED STATES?
Lectures 4 & 5 September 11 & 16, 2014 The Market: How it Actually Works.
Economic Growth and Globalization since 1850
Global Inequality and Poverty
Introduction to International Relations International Relations Globalization and Inequality Jaechun Kim.
Chapter 25 Economic Growth McGraw-Hill/Irwin
1 The Selling of America? The Outsourcing Dilemma.
The U.S. Economy. Characteristics Close to pure capitalism Individualistic capitalism Competitive market Respect for wealth Smaller role of government.
What’s a Gross Domestic Product? Broccoli? I was gonna say “Preparation H.” So – “gross” means broccoli, Preparation H, and the “entire sum of all products.
CHAPTER 2.4 Gross Domestic Product. Most economists view the country like one big business They measure the success of this business through gross domestic.
 Have studied world history by country, but do countries matter anymore?  Southern California: Collectively 6 th richest country in world  EU under.
Sustainability of Hinduism and the Hindu Rate of Growth as the Global Growth Rate By: Surendra K. Kaushik, Professor of Finance, Lubin School of Business,
Development. Poverty Huge, worldwide, inequality gap –The poorest 40% of the world’s population accounts for 5% of global income. –The richest 20 percent.
Figure 14.1 Economic Growth in the ADE/ASR model.
American Society and Public Policy Fall 2014 First Meeting September 3, 2014.
The U.S. Economy: A Global View Chapter 2 Copyright © 2010 by the McGraw-Hill Companies, Inc. All rights reserved. McGraw-Hill/Irwin.
Introduction to Sociology
1 UNDERSTANDING THE WORKPLACE. 2 The Ever-changing Workplace and Workforce of the 21st Century.
Reflections on Inequality and Capital in the 21 st century Thomas Piketty Paris School of Economics Miami, BHC-EBHA Meeting, June
Announcements 1.Film showings: Food, Inc Sewell Social Sciences 7:15, Tuesday and Wednesday 2. Open Office hours: Thursday 2-4, 8122D Social Sciences.
Chapter 10: Global Inequality
PARTNER’S FORUM of the 9th Women’s Affairs Ministers Meeting St Michael, Barbados 5 June 2010 Lessons from Europe: Promoting Financial Market Recovery.
Chapter 12 Public Policy and Government Performance Comparative Politics: Structures and Choices 2e By Lowell Barrington.
Political Economy.
Lecture 8 WORLD TRADING PATTERNS. International trade is exchange of capital, goods and services across international borders or territories. In most.
CONTEMPORARY ECONOMICS© Thomson South-Western 12.2Living Standards and Labor Productivity Growth  Explain why there is such a large difference among countries.
The Lorenz Curve Warm Up: What are three jobs that get high paying salaries? What are three jobs that get low paying salaries/wages?
CHINA. Six Factors Driving China’s Growth Privatization & profit motive - decline of SOE role in economy Urbanization - by % of population in cities.
Social Justice/Inequality Quiz 2012 Thirteen Questions by Bill Quigley and Sam Schmitt.
Globalization Douglas Brown Politics 220 March 2006.
9 THE REAL ECONOMY IN THE LONG RUN. Copyright © 2004 South-Western 25 Production and Growth.
Public policy and European society University of Castellanza Session 3(a) Inequality in Europe and the USA March
Themes in AP US History.
Reflections on Inequality and Capital in the 21 st century Thomas Piketty Paris School of Economics Johannesburg, October
Chapter 2 The Economy: Myth and Reality E pluribus unum (Out of many, one) MOTTO ON U.S. CURRENCY.
States, Markets, and the Good Society State (central planning by government) Market (free market) What balance between states and markets most enhances.
SOC101Y Introduction to Sociology Professor Adam Green Lecture #18 Globalization 13 March 13.
The USA: A G20 Country and Superpower National Modern Studies International Issues.
Chapter 4 THE STRUCTURAL FOUNDATIONS OF AMERICAN GOVERNMENT AND POLITICS.
International Trade Dr. David J. Molina Economics 4850/5850.
3.1 What Is an Economy? MARKETING MR. PAVONE. Economic Systems.
Ch. 5-2 Economy and Culture of the United States Objective: Identify key components of the economy and culture of the United States and predict future.
© The McGraw-Hill Companies, Inc., 2002 All Rights Reserved. McGraw-Hill/ Irwin 1-1 Business and Society POST, LAWRENCE, WEBER The Corporation and Its.
Economic growth, debt and inequality. GDP per capita (PPP) (US$) Source:
Reflections on Inequality, Capital and Carbon in the 21 st century Thomas Piketty Paris School of Economics Paris, November
DIIS ∙ DANISH INSTITUTE FOR INTERNATIONAL STUDIES A post-2015 development framework Lars Engberg-Pedersen Senior researcher.
G8 Group of Eight. G8 G8 G Originally G7 - France, Germany, Italy, Japan, Britain, Canada and the U.S Originally G7 - France, Germany,
SOCIOLOGY 125 AMERICAN SOCIETY: how it really works Professor Erik Olin Wright Open Office Hours: Tuesdays 1:00-2:00 and Thursdays 4:00-5: D Social.
 What is the difference between wealth & Income?  How do you measure wealth?  What are assets & debts?  What does it mean to be wealthy but little.
Social Studies 9.  Unit 6 introduces the second topic of the course: Economic Systems in Canada and the United States. The unit explores: ◦ The basic.
Economics. What is Economics? Economics is the study of the production, distribution, and use of goods and services. There are 3 basic questions that.
Economic Growth Chapter 25 McGraw-Hill/Irwin Copyright © 2009 by The McGraw-Hill Companies, Inc. All rights reserved.
Public policy and European society University of Castellanza
Announcements Open Office hours: Tuesdays 1-2 & Thursdays 9:30-10:30
Reflections on Inequality and Capital in the 21st century
Reflections on Inequality and Capital in the 21st century
Chapter 4 Policies of The State.
Warm Up – May 7 Grab the handouts and take out your notes.
WARM UP – May 9 Grab the handouts from the front table
Professor Erik Olin Wright 8112D Social Sciences Thursdays, 2-4
THE CAPITALIST REVOLUTION
The Changing World Order
Growth and Inequality Jomo Kwame Sundaram
WHAT KIND OF SOCIETY IS THE UNITED STATES?
Development for whom?.
Jeopardy Basics Capitalism Political Parties Alberta Misc. Q $100
FMA 601 Foreign Market Analysis
Economic Growth Chapter 25 McGraw-Hill/Irwin Copyright © 2009 by The McGraw-Hill Companies, Inc. All rights reserved.
Europe: government and economy
Presentation transcript:

Announcements 1.Open Office hours: Tuesdays 1-2 & Thursdays D Social Sciences 2. Updated figures and tables: at the copy Center and posted on th annual Socio-cultural bike tour of Madison lead by Erik Olin Wright, Saturday the 13th, starting at 10:00 a.m. Budget Bicycle parking lot, 1230 Regent

Lecture 2, Thursday, September 4 WHAT KIND OF SOCIETY IS THE UNITED STATES?

Steps to answer the question: “What kind of society is this?” 1.What are the main dimensions in terms of which societies vary? 2.What are the main categories or types on each dimension? 3.Which of these types best describes the United States?

Ten dimensions on which societies vary 1.Technology 2.The economy 3.Economic Inequality 4.Political Institutions 5.Role of the Military 6.Gender relations 7.Social cleavages 8.Immigration 9.Culture 10.Violence

Other Dimensions?

Some points to emphasize

Technology: how do technologies vary? 1.Productivity 2.Cost 3. Impact on people’s lives Key theme: The US has achieved extraordinary levels of productivity that open up huge new human possibilities, but the use of this productivity to enhance overall wellbeing is undermined by our institutions.

The Economy: Basic Definition of “Capitalism” 1)Production is for the market 2)Enterprises are privately owned and run for profits. 3)People who do not own enterprises earn their living by working as employees for privately owned firms.

What kind of capitalism? U.S. Capitalism = HYPER-CAPITALISM  powerful corporations  weak unions  relatively weak public regulation of markets  very low taxation  very high levels of economic inequality

RankGross Domestic Product (billions of current U.S. dollars) 1United States$15,685 2China8,227 3Japan5,694 4Germany3,401 5France2,609 6United Kingdom2,441 7Brazil2,396 8Top 10 U.S. Corporations2,225 9Russia2,022 10Italy2,014 11India1,825 12Canada1,819

What kind of capitalism? U.S. Capitalism = HYPER-CAPITALISM  powerful corporations  weak unions  relatively weak public regulation of markets  very low taxation  very high levels of economic inequality

Economic Inequality Key theme Key theme: The US has the highest levels of economic inequality of all developed economies. Consequences: Around 23% of children are poor in the US Richest 1% of households have 114 times more wealth than the median household Things have gotten much more unequal in the past three decades

Percentage of Children Living in Poverty in selected countries

Political Institutions The U.S. has a democratic form of government, but it is a relatively thin democracy Key theme: As a society we spend more on political competition than any other, and yet this yields only a thin form of democracy. Why ?

The Military and Global Power Key Theme: The United States is a relatively militaristic society and has generally adopted a militarily aggressive policy internationally. The U.S. has intervened militarily in more countries since WWII than any other nation.

Gender Key theme: We are living in the midst of the most dynamic and rapid transformation of gender relations in human history.

Social Cleavage Key theme: Racial inequality and racial cleavage remains a deep and serious reality of American life in spite of the very real progress in the last half century.

Culture Culture = shared patterns of beliefs and values Important aspects of U.S. Culture:  Pluralism and tolerance of diversity  Individualism  Community  Religiosity  Commercialism & consumerism  Other aspects?