Bites of Inequality – Sascha Münnich
Stratification and embedded markets. Patterns and legitimacy of primary inequality: The presentation highlights how the social foundations of markets determine who benefits, who does not — and why primary inequality persists.
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The presentation of Sascha Münnich focuses on the social, cultural and political dimensions of the primary distribution of profits and economic value in markets. Behind the economic value of companies, which account for a large part of private wealth in capitalist market economies, is a complex structure of potential profits, which depends not only on classical economic factors such as cost structures, market power and production techniques, but also on the social integration of a company in networks, institutions and symbolic orders. By applying a reformulated concept of profit as a social pension, the presentation opens up new approaches for empirical research on distribution patterns in markets and conceptual connections between primary and secondary inequality in welfare capitalism.
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About the series:
Bites of Inequality is a midday talk series at the LMU Institute of Sociology in cooperation with ISI, which brings together science and the public in an open format. The focus is on current research on social inequality, presented and discussed in an accessible form.
The talks take place on Tuesdays from 12:15pm to 1:45pm in Konradstraße 6, room 208.
You can find the series in LSF under Comparative Stratification Research (event number 15261).