Social Sciences > Quiz > SOC 315 Quiz 1 Review | 35 Questions with 100% Correct Answers | Updated & Verified (All)
SOC 315 Quiz 1 Review | 35 Questions with 100% Correct Answers | Updated & Verified
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What is the historical school of economics about? - ✔✔looking at history What is Institutionalism? - ✔✔if you want to understand economic life, you have to understand the sociological and hi... storical perspectives What are the 2 Principle Economic Sociology Arguments? - ✔✔1. problematizing the notion of a separate "economy" 2. Analyzing what people call "economy" with sociological tools What is Economization? - ✔✔the expansion of market logic into new social domains What are 3 Dimensions of Economization? - ✔✔1. Commodification - items, deeds, and social relations become commodities that are produced and exchanged in order to generate profit 2. Monetization - money is the primary means for ascribing value to things 3. Rationalization - calculated actions aimed at employing the optimal means to reach a given end What is Formal Economics? - ✔✔the science which studies human behavior as a relationship between ends, scarce means, and their alternative uses What are the 3 conditions for something to be economic? (Formal) - ✔✔1. Rationality 2. Scarcity 3. Choice [Show More]
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