argue that a white youth is receiving preferential treatment thus making it institutional racism.
4) Both Galbraith and Hanson & Yosifon challenge neoclassical assumptions about the individual and the nature of market forces in their texts. Galbraith challenges the idea of us being sovereign consumers when the ultimate accommodation in an economy is to the producer rather the consumer. Hanson and Yosifon make a similar point in challenging the neoclassical assumption. They make a case that unlike what traditional economists view as the individual being a rational actor in the market, in that we ourselves are driven by our own tastes and preferences and are in fact sovereign consumers. However, Hanson and Yosifon discuss the Millgram experiment in which they conclude that we are situational characters as oppose to rational actors. This is because it is our…show more content… They also state that social psychology is a factor in an individual’s actions as forces larger than us control our actions and these forces are a result of social situations. Hence a situation rather than one individual (who under the neoclassical approach, is completely a sovereign consumer), is what drives the market economy. Yosifon and Hanson challenge the notion that individuals are free. Individuals are rather situational characters that are not completely free in his/her actions as the individual is intertwined with the market forces of an economy that makes the individual a character who is influenced by the situation they’re in. In the grand scheme of things, a person in society is an actor playing a character and the directors of the play we all are in are the “large business entities” (200). These entities influence our movements on stage. This opposes the neoclassical assumption that we are free sovereign
