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- Mar 29, 2015
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According to institutionalist thought, two factors determine the rate of economic growth and they are ceremonialism and technological advancement. Ceremonialism limits technological progress by imposing past-binding behavior.
Technological progress has never increased as such a fast rate as it is now, especially within the U.S. Without education though how we can fully utilize this technology within the economy?
- Class structure
- Social norms or conventions
- Ideology which justifies and strengthens norms and social classes
- Indoctrination of emotionally conditions people to accept the dominat ideology, mores, and class structure
- Social patterns of ceremonial behavior to reinforce the above
Technological progress has never increased as such a fast rate as it is now, especially within the U.S. Without education though how we can fully utilize this technology within the economy?