The Mudcat Café TM
Thread #35616   Message #487671
Posted By: dr soul
20-Jun-01 - 06:34 AM
Thread Name: BS: Should UK join the Euro ?
Subject: RE: BS: Should UK join the Euro ?
Excellent thread, ya'll.

Please think seriously about the changes that might be necessary to make this happen, and the possible effects on the institutions of Great Britain/England/the rest of the European continent.

My mental map for thinking about institutions:

At the core of society are PEOPLE - individuals, their families, and homes. Any given society has a certain TECHNOLOGY and language. Language will nfluence attitudes about other institutions. Technology is also a prime mover - a change in technology will bring about changes in other social institutions.

There are four primary types of social institutions - government, economy, social welfare, and ideology/beliefs.

GOVERNMENT institutions are how a social group makes rules, selects leaders, and resolves disputes. Government institutions include the legislative, executive, and judicial branches of legitimate governments, as well as the "illegitimate" institutions of political parties, lobbyists, vested interests, etc.

ECONOMIC institutions are how the society makes a living - i.e. agricultural activity, credit institutions (such as banks), the degree of industrialization, the nature of cooperative capital, land tenure, types of industries a county has, etc.

SOCIAL WELFARE institutions are how the society educates its young, takes care of its old, and deals with its indigent and infirm members.

IDEOLOGIC institutions provide values and philosophies. They include organized religions, as well as various philanthropic insituions.

So, as to whether "Should the UK join the Euro?", think of . . .

What institutions will be affected by this decision?

Do the benefits of doing so offset the adverse institutional impacts?

[good luck, mate!]