For example, to answer the question: "What is the first type of economic system that the reading (that Hartmann) discusses"? We could say, "It (She) first discusses traditional economic systems." This is enough for us to be pretty sure that both our question and the important point in the reading has been understood.
Similarly, in response to the question: "What are the characteristics of a traditional economic system?" A useful response that shows understanding would be: "Its characteristics (the characteristics of a traditional economic system) are that economic systems are based on customs, beliefs and religion."
Had the question been: "What is a traditional economic system?" A more direct answer, the one Nan gave this morning, might be: "It (A traditional economic system) is one where economic decisions are based on customs, beliefs and religion.
And now for the point of this blog post.
Everyone is happy that Hartmann had the right idea when she wrote the note "the San people" in the Example column. But following the discussion that our efforts to agree on the example(s) to write in the Example column for market economic systems, perhaps we need to clarify and make our answer a bit more precise.
- What do you think? What is an example of the sort of sentence we could speak, or write in a blog comment, to answer the question: "What example of a traditional economic system does Hartmann give?"
- Is this even the best question to ask?
- And then there are the other issues that worried P: what is a system? Is an exchange a system?
So, what do you think about these complex questions? What examples of market systems does Hartmann give? Does she give any?
What is your one sentence answer telling us Hartmann's example of a traditional economic system? (Are you even happy with this question?)
And why do you think what you think in answer to the above question?
__________
Reference
Hartmann gives the New York Stock Exchange as an example of the market economic system.
ReplyDeleteI also agree with Pueng. This is a very simple thing we use everyday but we can't even know what is it. I didn't know that simple things like this could be very very hard to understand until I attend this class. But I love our discussion. It was very constructive and interesting. I wish my university does things like this.
ReplyDeleteOf what, precisely, are the San people an example?
DeleteAre the San people an example of a traditional economic system?
This is my direct Yes/No question to check an idea I think might be popular. Some of P's worries about the NYSE seem to me relevant here.
No, the San people aren't the example of a traditional economic system. On the contrary, they're the example of groups of people who use a traditional economic system.
DeleteDo I understand it in the right way?
Yes, that's right.
DeleteAnother point that P raised for consideration is indicated in Hartmann's changing articles in this this section:
ReplyDelete- in lines 31-32, she talks of "a pure market economic system"
- in lines 33-34, it's "the market," and
- in lines 37, and 39-40, it's again "a ... market."
What is the difference between "a market" and "the market" here?
i think a system is an organisation -- or something like that -- which has complex processes or components to make it work correctly.
ReplyDeleteso, i think an exchange is not a system, but it is just a process or component of market system. for example, according to my university subject "institution economic", market system have to have property right, regulation and exchange -- maybe something like these three component, i can't remember the word precisely, i just remember the idea of this theory. without one of these three component, market cannot work e.g. it is obvious that without exchange, there is no market, but any exchange cannot be occured without property right, because if you don't have right on your belonging no one want to exchange with you e.g. when you stole something and want to sell it, if your buyer know that your goods don't have right, surely, they will refuse to buy it and the exchange will not happen. and if you need property right, first you need a government -- or someone -- to regulate this system, to enforce the law, right? this is the proesses and component of market "system".
this is very different from real exchanging which has only one simple process. however, you cannot make a market system without exchanging.
moreover, a market isn't a market system. a market means that something that exchanging can occur through it, maybe a place, internet or stuff like that. the words "market" in line 33-40 mean this kind of market, not system.
however, i think san people system can be an example of traditional market, because actually san people have their complex processes. for example, they have also exchanged their goods e.g. a san collects a fruit but they don't like it, so they give that fruit in exchange for pork from another san. besides, they maybe have beliefs or custom to help them creat informal property right. for instance, they may believe that if a san steal another food, they will be punish by their god. the god is like a government in another economic system. this seem to me that sans have their own complex processes and components. so, i think sans people system can be an example of traditional system. however, accordind to Hartmann's book, in the table he write down only the phrase that "the san people". in my opinion, this may lead to a serious misunderstanding, because we might think that with simple component like people can be an example of system. i think it may be better if Hartmann write that the san people system or stuff likethat.
so, i think gift exchange, stock exchange, exchanging and san people cannot be an example of system, but the san people system, north korea and syria can be an example of system.
it is just my opinion LOLOLOLO
Deletehowever, i'm not sure that New York can be an example of system "in this passage", because i'm not sure that putting a picture in the passage can be mention.
Do pictures count? Another question left unanswered in our discussion yesterday.
DeletePueng (May 27, 2014 at 9:29 PM) thinks that being shown in picture counts. P (May 28, 2014 at 1:12 AM) appears to think not.
System is a set of detailed methods, procedures and routines created to carry out a specific activity, perform a duty, or solve a problem, from http://www.businessdictionary.com
ReplyDeleteExchange is an act of giving something to somebody or doing something for somebody and receiving something in return, from http://www.oxfordlearnersdictionaries.com
For example, I buy my friend a pen and she draws picture to me. To complete this exchange, at first, I have the pen, and then give it to her. After that she draws the picture, and finally, I receive it.
In my opinion, this is a system. You must have the components: people, things, place and do it respectively, I cannot receive the picture before giving her the pen. And if you want to exchange something like this, you have to do it in the same way.
And an example is a specific case of a general idea.
For this reason, I think the San people is an example of traditional system and the New York Stock Exchange and gift exchange are examples of market system.