Economy

Contemporary Economic Sociology: Globalization, Work and by Fran Tonkiss

By Fran Tonkiss

Modern financial Sociology heavily examines severe and modern matters within the sociology of financial existence. Bringing jointly various theoretical perspectives, Fran Tonkiss examines significant shifts within the association of financial system and society - from the politics of globalization to the cultural financial system, social exclusion and the 'end' of sophistication. This new volume is equipped round 3 center issues (globalization, construction and inequality) and solutions the questions: how are transnational strategies re-making modern economies? can capitalist globalization be ruled or resisted? do category family members nonetheless form people’s social identities? how do we take into consideration inequality in nationwide and overseas contexts? Key alterations in each one of those domain names increase new demanding situations for interpreting social and monetary family members, strength, service provider and identification. atmosphere those alterations in a transnational context, this e-book examines how those matters are being re-shaped in modern societies, and explores competing frameworks for knowing such alterations. Drawing on arguments from fiscal sociology, politics and coverage stories, political financial system and significant geography, the textual content specializes in either conceptual techniques to the social examine of the financial system, and trans-national techniques of social and monetary restructuring. The arguments supply a serious evaluation of present matters for monetary sociology, and expand the limits of the self-discipline to a brand new set of questions. The textual content is especially correct to undergraduate and graduate scholars and students within the fields of monetary and political sociology, politics and govt, geography, economics and diplomacy.

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Extra resources for Contemporary Economic Sociology: Globalization, Work and Inequality

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Harvey’s work has always stressed the importance of finance in the international economy, and he argues that mercurial finance capital represents the ‘cutting edge’ of current capitalist accumulation (Harvey 2003: 147). At the same time, we might note that Lenin also remarked – in 1916 – on the growing importance of finance capital over commodity exports in the nineteenth-century imperialist economy (Lenin 1988). Indeed, this is an important point of reference for Harvey’s own work, on two grounds.

The analyses offered by world systems theory and by Harvey’s critical geography make valuable contributions to a sociological understanding of economic globalisation, in large part through their fidelity to Marx’s insistence that economic phenomena must be seen as social relations. In stressing the continuities between current globalisation and older patterns of capitalist organisation, moreover, they give us critical versions of the history of the economic present. 2 A new global economy? The previous chapter focused on approaches to the international economy that draw on established lines of critical analysis.

The most significant example is the billions spent annually by rich nations (the United States and the European Union, chiefly) on agricultural subsidies which promote domestic over-production and lead to export dumping in world markets at artificial prices against which producers in poorer nations are simply unable to compete. Outcompeting local market actors in contexts where the terms of competition are so stacked offers a very clear example of how more powerful interests can exploit the ‘asymmetries’ that characterise exchange relations across space (Harvey 2003: 31).

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