Book Review: Economy and State: a Sociological Perspective Essay

Economic systems are organized way in which a state or nation allocates its resources and apportions goods and services in the national community. An economic system is slackly defined as country’s plan for its services, goods produced, and the exact way in which its economic plan is carried out. There are three types of economic systems exist, they are command economy, market economy, and mixed economy. Command economy is also sometimes called planned economy. The expectations of this type of economy is that all major decisions that related to the construction or production, distribution, commodity and service prices are all made by the government. However, in market economy, national and state governments play a

The definition of socialism from Merriam-Webster is: “a way of organizing a society in which major industries are owned and controlled by the government rather than by individual people and companies.” Now, socialism isn’t necessary a bad thing; the Netherlands, Finland, Portugal and Denmark have been noted as some of the happiest countries in the world, all falling under a socialist government. Examples of France being a socialist country is: the government has suggested to one hundred companies that they should use anonymous résumés, the president can dissolve the parliament whenever he sees fit and the current President, François Hollande, is a part of the socialist party.

We will discuss the legal issues regarding property ownership, when the original owner has lost, misplaced, or abandoned that property. A particular focus will be to contrast the differences between the laws that regulate federal and private property.

Therefore, each state's basis of existence is always too small. Now here is the reason why states always turn to the outside world: the growth that the state promotes has a border in the reach of its own power. The state always promotes growth policies, but the country's borders then present a limited market, a limited availability of raw materials and resources, a limited potential labor force; The power that licenses capital, which creates the economic system in the first place, is itself a limit to its growth within its limited range. Under capitalist states, a relationship of mutual recognition comes into existence so that one state can use the other, because the other state calculates the same way, only vice versa. Two states pay their mutual respects and engage in civilized relations because what they want is totally

requires the state to regulate the economy; this limits personal choices and opportunity for citizens

Bremmer claims the key difference between state capitalism, like the UAB, and a free market economy, like the United States, is that political factors are more so the push factor in decisions than financial factors. A similarity between both free market economies and state capitalists, Bremmer notes is, “The use of wealth to create more wealth.” A free market economy has one main focus, being that the economic playing field is equal while a statist economies focus it achieving that state’s political agenda at the moment.

Side note: The structure of this paper will be introduction, structure of state organs, economy and work system, refuting common arguments, and a conclusion.

Social justice consists of a set of policies that have the mission of solving situations in which inequality and exclusion arise among the social group of a specific place. The mission is that through them the state is present presenting services that help them to be people to overcome or leave a situation of social vulnerability.

At the beginning, the political economy has is origin in Greek. The word “economics” is composed of “oikos” and “noms” which mean “house” and “law” (Mosco, 2009). Therefore, “economics” is the management of the household (Mosco, 2009). “Political” has its origin of “polos” which means city-state

Indeed, the elements of a state, to a large degree, rely on upon the end it seeks after. Some time ago the state performed extremely constrained capacities and was essentially concerned with the upkeep of lawfulness and insurance of the nation from outside hostility. This sort of state was known as Police State. Nonetheless, in the advanced times the way of the state has experienced completely change. It is no more simply a police state performing extremely confined number of capacities. Then again the elements of the state have colossally extended and it has been changed into a welfare state, which attempted to perform most extreme of capacities, contingent upon its assets. (Sherzai, 2013)

A classical political economy is a branch of social sciences which deals with the studies of relationships between individuals and society and between markets and the governing state, using a different tools and methods from various discipline of social sciences like economics,political science, and sociology. The term political economy is emerge from the greek word polic, i.e “city” or “state,” and oikikonomo, meaning “one who take care or able to manage a household or estate.” Political economy can be understood by the study of relationship between how a country public’s household is managed or governed in order to establish the relation between political relation and economy.

on the market and nation’s wealth. The purpose of this paper is to consider the role of private

The developmental state has a strong and active central government. Policy instruments are formulated by a small group of qualified elites in economic policy bureaucracy;

Political economy is the study of production and trade and their links with custom, government and law. It is the study and use of how economic theory and methods influence and develop different social and economic systems, such as capitalism, socialism and communism, and it analyzes how public policy is created and implemented. Since various individuals and groups have different interests in how a country or economy is to develop, political economy as a discipline is a complex field, covering a broad array of potentially competing interests (Investopedia).

Moravcsik argues in “Taking Preferences Seriously...” that state policy is the result of internal factors – including identity, economics, and the internal system of governance – what he calls a “bottom-up” approach,4 and that a state 's actions have more complex roots than Realism 's proposal of survival, power, etc. According to Moravcsik, we cannot assume