Gary Becker The Economic Way Of Looking At Life Analysis

Economics is the study of choice and the consequences that come from said choices. Ever since the 18th century, economists have continued to argue about theories that could improve society to the greatest extent. Two great economists, Adam Smith and Karl Marx, proved to develop opposing ideologies that would soon become the foundation of the two most popular political philosophies. Even though they voiced opposing views, Smith and Marx have truly made the greatest impact on contemporary economic theory in the United States because without them, our capitalist economy would not be what it is today.

Various immigrants migrated to the United States. Many struggled to find jobs once in America. Why? Because whether they be Catholic or immigrants they suffered racism from whites. As a result, they couldn’t acquire any jobs to sustain their families. This led them to get involved in illegal crimes (organized crime). Many of these immigrants has a social philosophy that contributed to the rise of organized crime. This paper will analyze the social philosophy of immigrants and how it contributed to organized crime.

The criminal justice system enforcing the racial caste system creates several distinct social problems which impact several areas of a person’s life; from the family structure, a person’s income and wealth, participation in the legal system, to the attitude placed

I would like to focus my response to the reading in Gabbidon & Greene, Chapter 1, generally around the idea of social construction. Furthermore, I would like to specially provide responses to discussion questions number one and two as posed in the conclusion of chapter one. Discussion question number one asks to “Explain the origin of race and its implications for race and crime.” Discussion question number two asks “Do you believe there are distinct races?” I will also provide perspective on issues surrounding the term “minorities”.

It has been accounted that in the United States, such discrimination has been seen to exist from the initial stages of criminal justice. This is based on the realization that in

Racial in equality is evident in the aspect that discrimination in Canada as well globally to the social integration of the racial minorities in society. Racial

Prejudice is a specific type of abuse. It originates from the victimization of a gathering of individuals in view of the thought that some “acquired trademark,” for example, the color of the skin that makes them the second rate compared to their autocrat. The scheme of ‘race’ and ‘bigotry’ are in a current improvements. They emerged and turned out to be a piece of the widespread belief system of society in the setting of the African slave exchange at the beginning of private enterprise during the 1500s and 1600s.

She argues that economic inequality is a result of racism and capitalism. However, it can be said that both racism and capitalism are also a product of economic inequality. She argues that it is important to look at economic factors as well as social factors that contributes to racism. She believes it is important to bring together antiracist demands and economic demands in order to get to achieve solidary and unity to break the racial division. Sanneh’s article helps us understand that black culture alone does not help answer racial inequalities and that it is necessary to look at the structural side to racial inequality, which includes economic circumstances and racism. This helps us understand Roesch’s article on how economic circumstances fuels racisms and vice versa, meaning economic inequality constructs and maintain racial

Discrimination on the basis of class, gender, sexuality and ethnicity operates at the level of attitude, on the street, in the home, at the workplace or at social venues. In regards to the Criminal Justice System, race and gender are always accounted for in court proceedings. As

Singer (1972) is convinced that affluent societies should give away within the limits that do not slow down their economic and social growth. Here, the concept of marginal utility comes into play.

Crime and criminalization are dependent on social inequality Social inequality there are four major forms of inequality, class gender race and age, all of which influence crime. In looking at social classes and relationship to crime, studies have shown that citizens of the lower class are more likely to commit crimes of property and violence than upper-class citizens: who generally commit political and economic crimes. In 2007 the National Crime Victimization Survey showed that families with an income of $15000 or less had a greater chance of being victimized; recalling that lower classes commit a majority of those crimes. We can conclude that crime generally happens within classes.

He argued that every human being has unique preferences which greatly influence them when making choices (Breen and Rottman 1995). People are mostly motivated by money and are likely to carry out a cost-benefit analysis before settling on a decision. It is based on the following premises: human behavior is based on rational calculations, human beings act with rationality when making choices and these choices are aimed at maximizing gains or pleasure. In a similar manner, Interactionist Theory (IT) is used to study social interactions among people. It does not study the entire population at once, but rather studies smaller social groups. It focuses on how individuals act and how they make behavioral choices depending on the way they interpret situations (Hindess, 1998, p.42). From another perspective, it states that human beings only react to social stimuli. As such, they are social actors, and must adjust their behaviors in consideration to the behaviors of other human

Gary Becker in “An Economic Way if Looking at Life” claims that economic way of looking at life reflects the relationship between day to day economy and human behavior; their way of thinking and reasoning when handling social aspects such as crime, family, marriage, discrimination among others. Economic way of looking at life discusses various methods of economic analysis. It raises individuals into a different thinking level during decision making and the understanding of the today’s economic market and society in general. Basically economics helps in analyzing different human behaviors and especially on monetary issues (Becker, 1993).

Although our culture is said to be completely removed from the idea of racial discrimination, this sense of inequality can be seen occurring behind the scenes within our society. Within the subtopic of race, several areas including our current culture, social psychology and the current format of our social institutions allow for the production and often the reproduction of racial discrimination in our day and age. Throughout this course, the various readings and class lectures have been very beneficial when examining the impact that racial discrimination and inequality has on our society. In this paper, I will delve into the subtopic of race and ethnicity and expound on how it is greatly influenced by our culture, social psychology, and social institutions around us today.

Economic liberalism stresses the part of human nature, driven by reason over emotion (Balaam & Dillman, 2014). There is a naïve view of economic liberalism in which harmonious competition evolves from the individual pursuit of self-interest. This phenomenon is described as when an individual “intends only his own gain, and he is in this…led by an invisible hand to promote an end which was not part of his intention” (Stegmann, 2004). Adam Smith predicted that men’s economic decisions would result in an “altruism of egoism” (Stegmann, 2004). Altruism and egoism are fundamentally exclusive. The idea that the combination of men’s selfish desires could result in something altruistic is an extreme idealization and miscalculation. Unfortunately, the selfish pursuit of individual interest leads to a societal economic gap. The Laissez Faire approach to economic freedom offers no limit to the success