User:Schmids/sandbox

This is my sandbox page, please ignore at all costs.

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Possible Topics to Edit/Add to for Unit Two:

1. Culture
2. Behavioral economics
3. Political correctness
4. Political economy

Week 5: Finalize your topic / Find your sources

• Going to focus on Behavioral economics
• Since this is a completed article, I am going to add in pieces where I believe that information is missing:
  • How culture influences behavior/decisions
  • How the political economy of one's country of residence plays into their individual behavioral economic choices
  • Nurture vs. nature arguments and how they apply to this field
• Sources to review for these claims:
  • Weber, Roberto, and Robyn Dawes. “Behavioral Economics.” The Handbook of Economic Sociology, Second Edition, Edited by Neil J. Smelser and Richard Swedberg, STU - Student edition, Princeton University Press, 2005, pp. 90–108, www.jstor.org/stable/j.ctt2tt8hg.9.
  • GALSTON, WILLIAM A. “Economics and Culture in Market Democracies.” The New Challenge to Market Democracies: The Political and Social Costs of Economic Stagnation, Brookings Institution Press, Washington, DC, 2014, pp. 14–18, www.jstor.org/stable/10.7864/j.ctt1hfr137.7.
  • Saint-Paul, Gilles. “The Policy Prescriptions of Behavioral Economics.” The Tyranny of Utility: Behavioral Social Science and the Rise of Paternalism, Princeton University Press, 2011, pp. 77–96, www.jstor.org/stable/j.ctt7swnb.12.
  • Amir, On, and Orly Lobel. “Stumble, Predict, Nudge: How Behavioral Economics Informs Law and Policy.” Columbia Law Review, vol. 108, no. 8, 2008, pp. 2098–2137. www.jstor.org/stable/40041817.

Updates to Week 5/6 from Self-Research on 14 February 2017

• Discovered the sub-field of Cultural economics through the Behavioral economics Wiki
  • I believe that the edits which I intend to make as more applicable to this page. This page is also far less developed than the Behavioral economics page and therefore I believe could use my assistance in becoming a more full-fledged Wikipedia article (currently rated as a "Stub" article)
  • There is a lot of discussion on the Talk page of Cultural economics pertaining to if this sub-field should be divided into the following:
    • Economics of the arts and literature - branch of economics that pertains to how cultural instruments such as art and books have evolved throughout the years
    • Cultural economics - as it pertains to the economic implications of social norms and one's development
      • I plan on developing the page to focus more on the latter description of cultural economics, as I believe that the two are separate and distinct from each other.

Practice Lead Section for Cultural Economics

I like the current lead section…think that I may keep it, but expand on the other areas that support the lead section that are missing in hopes of raising this article out of a stub classification.

New Subheadings for Cultural Economics to Expand Upon

• Development of Cultural Economics
  • Systems approach: combining the economy and culture into a single system where "interaction and feedback effects were acknowledged, and where in particular the dynamics were made explicit."
  • Trajectories and reciprocity, well-established regularities, relationship groups
  • Acquired tastes as an example of a force of cultural economics
  • How wants and tastes are formed in society, partly due to nurture (or the environment in which you are raised). Everybody's upbringing shapes who they are. These aspects are internalized.
• How cultural economics is a growing field (recent revolutions in cultural economics and why it is becoming more prevalent)
  • New technologies are transforming how we consume and share culture (Facebook, social networking, iPhones, blogs). Creating productivity improvements in how culture is consumed, leading to convergence, where all types of culture can be consumed on one device whether it be artwork, music, or books. Examples such as blogs put the power of culture in the hands of the everyday person and the internet gives them a platform with which to broadcast it. Whether or not it becomes popular is the decision of the users of the internet.
• Cultural economics and sustainability
  • Delay of gratification is a current cultural economic issue that developed countries are currently dealing with. Economists argue that in order to ensure that the future is better than today, certain measures must be taken (i.e. collecting taxes). But it is a hard sale for politicians to push forward thinking policies and win the allegiance of today's voters.
  • Culturally sustainable development: a set of criteria at which policy prescriptions can be compared to in order to ensure growth for future generations. Includes:
    • (1) advancement of material and non-material well-being: implies balance amongst economic, social, and cultural forces
    • (2) Intergenerational equity and the maintenance of cultural capital: current generation must recognise their responsibility to future generations
    • (3) equity within the present generation: distribution of cultural resources must be fair
    • (4) Recognition of interdependence: policy must understand the connections between economic, cultural and other variables within an overall system.
      • The idea of culturally sustainable development encompasses two kinds of culture:
        • Cultural industries, such as the arts
        • Culture, in the sense of values or societal pressures that are impressed on an individual

• Expansion of value systems currently discussed in the lead section?