Tagged: economic crisis

Class & Stratification / Political & Economic Sociology / Social Movements / Social Change

Austerity and the Double-Movement

After the French elected Socialist Francois Hollande in a rebuke of austerity policies gripping Europe, news headlines issued reports of worried markets.  The fear, among some, is that the new president would act in such a way, or more precisely that the public was acting in such a way that, would spook markets.  Some economists, most notably Princeton professor and Nobel prize winner Paul Krugman, have argued against austerity in favor of government stimulus to push economic demand and growth. ...

Political & Economic Sociology / Teaching & Learning Guide

Facing More with Less: Thinking about School Budgets

There can be little doubt that because of the current economic conditions, a large part of society has undergone considerable strain. Whether discussing unemployment rates, downsizing, closed up businesses, or market trends, it seems that little has been left unaffected by these financial times. Of concern for this post is how schools, specifically secondary schools, have had to adapt to and deal with the economic state. Often making top news reports on major broadcasting stations or making the front-page of...

Political & Economic Sociology / Race & Ethnicity Studies / Sociology of Organizations & Work

Shifting Migration Patterns in a Changing Economic Climate

by smteixeirapoit In the past, many immigrants traveled to the United States because they hoped to achieve upward mobility. In the current economic climate, many immigrants are not upwardly mobile. Some immigrants are unable to secure employment and other foreign workers are facing a backlash. For the first time, the United States is experiencing a decline in immigration. Many immigrants are avoiding immigrating to the United States in the first place or are deciding to leave the United States for...

Class & Stratification / Political & Economic Sociology / Social Movements / Social Change / Sociology of Culture / Sociology of Media & Communication / Sociology of Organizations & Work

George Ritzer Guest Post: Are Today’s Globalized Cathedrals of Consumption Tomorrow’s Global Dinosaurs?

By: George Ritzer Distinguished University Professor, University of Maryland A decade ago I wrote a book dealing with what I called the “cathedrals of consumption”. These are consumption settings that had, in the main, come into existence in the United States in the post-WWII era. Of particular interest were the most grandiose of these consumption settings including major indoor shopping malls, mega-malls (e.g. Mall of America), theme parks (especially Disneyland and Disney World), cruise ships, and above all the themed...

Political & Economic Sociology / Sociology of Culture

A "New" Economics 101

  by theoryforthemasses In a recent New York Times op-ed, columnist David Brooks questions whether the old, “rational,” Keynesian model of economics is truly useful for trying to understand the current economic crisis. He suggests that while economists have traditionally built elegant economic models of efficient markets based on rational actors, the process of making economic decisions is actually much more complex. Brooks explains that these complexities, which are informed by actors’ various strategies, memories, and intuitions, are what influences...