lec5notes - Smith: markets are natural outcome of human...

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Smith: markets are natural outcome of human tendencies to truck barter and exchange Polany: not the only way of economic thinking S.U: result of people believing they are bringing a society based around Marx’s views; no revolution, basically died Writing: 1844 to death Political: should overthrow capitalism and establish socialism Theory of value: how manifested in firm profit rings Economy: system in which society ensures that we provide food and shelter Base: upon what other aspects of society depend Not saying that everything we do is motivated by econ, hes saying the first thing we have to do is understand how econ works Forces of production: rep level of tech used in the workplace or in production ex) hunting and gathering: force-go and pick berries Social relations of production: what is the nature? In capitalist society: people who own means of production and those who work for them; determine nature of work process and nature of experience while we work Combination constitutes base of society
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This note was uploaded on 01/23/2011 for the course SOCIOLOGY 315 taught by Professor Mizruchi during the Winter '09 term at University of Michigan.

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lec5notes - Smith: markets are natural outcome of human...

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