DSOC 101 9.11

DSOC 101 9.11 - • Industrial capitalism origins in steam...

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9/11/07 DSOC 101 Marx’s labor theory of value A commodity has two characteristics: o A use-value that is defined by being useful to humans o An exchange value defined by the average quantity of human labor necessary for its production Capitalism as an historical process Merchant capital: buying and selling since before Columbus o Capitalism starts with buying and selling on the large scale
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Unformatted text preview: • Industrial capitalism: origins in steam powered manufacturing (James Watt, 1780s) • Information capitalism: origins in smart technology (Erwin Schrodinger, 1930’s) Scientific origins of information capitalism (1930s) • Quantum revolution Computer Revolutino and Biomolecular revolution •...
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This note was uploaded on 10/02/2007 for the course D SOC 101 taught by Professor Hirschl,t. during the Fall '06 term at Cornell.

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