Comparing Economic Theories & Business Organizations: Principles & Social Embedding, Slides of Economic Sociology

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Feb. 2-

Introduction of Main Themes

Economic Principles in Everyday

Life (Polanyi vs. Smith)

• The Market: Visible or Invisible Hand?
• Division of Labor: Atomistic Individuals vs. Communal solidarity
• Motivations for transaction: Self-interest vs. reciprocity

Technology in Economic Life

• How technological advance shaped and reshaped the labor process
• Taylorism (scientific management)
• Fordism, mass production and mass consumption
• Post-Fordism and the JIT production

Business Organization:

Bureaucratic Corporation

• The Western Experiences:
• Managerial Capitalism
• Bureaucratic Corporation - The East Asian Style - Business Networks - Inter-firm network - e. g. relational contracting in Japan
• Cross-national comparison of business organization
• Immigrant Economy: concept of “social capital”

Examples of gender segmented

market (the U. S. case)

Physicians

Percent WomenPercent Men

Engineers

Percent WomenPercent Men

Source: National Committee on Pay Equity, cited from Paul Rothenberg, 2003, p. 313.Docsity.com

The New International Division of

Labor from the late 1970s

• Definition of the “New International Division of Labor”
• Global Feminization
• The “East Asian Miracle” (starting from Hong Kong in the 1960s, followed by Taiwan, South Korea and S’pore in the 1970s)
• The Rise of China from the 1980s