Category: Economic Sociology
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Globalisation Theories: World System, Modernisation, Dependency
Introduction – What is globalisation? International trade has been around for centuries and while globalisation may feel like a modern concept, changes across borders have happened ever since. Silk and spice trade routes in East Asia, which originated in the first century BCE, brought diverse civilizations and linked various nations’ economies. In the 1500s, the…
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David Harveyโs โThe Condition of Postmodernity” (1989)
Modernity and Modernism, from David Harveyโs โ The Condition of Postmodernity ” (1989) Marxist geographer David Harvey can be regarded as one of the earliest theorists of the postmodern condition. Harvey, in his book mentioned above, discusses the postmodern condition with respect to various critical ideas that contributed to the epistemology of the postmodern condition….
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American vs Classical Liberalism: Definition, Examples, Thinkers
Liberalism is considered to be an ideology whereby liberty, equality before law and consent of government and equality before the law. This article mainly focuses on Classical Liberalism and Modern Liberalism and how they are different from one another. Classical Liberalism Classical Liberalism is considered to be a political Ideology that propagates the concepts…
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What is Karl Marxโs Labour Theory of Value?
In economics, one of the driving theories that are used to explain the many complexities of production and consumption is the theory of value. Many great thinkers of the past have propounded such theories to both problematise and simplify the question of the value of economic products. One such theory is called the Labour Theory…
