Pol 106 Review 1 - Political Theory Review I.) Jeremy...

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Political Theory Review I.) Jeremy Bentham ( An Introduction to the Principles of Morals and Legislation ) - Utilitarianism = maximizing the happiness of the greatest number of people -Principal of Utility (i.e. Greatest Happiness Principle) = goods should be distributed according to how much happiness or sadness it brings an individual or a group - Utilitarianism is not egalitarian due to the fact that those who experience intense feelings of joy or despair are counted more than those who don’t II.) Karl Marx ( Capital and “The Communist Manifesto”) - Commodity = a good - Use-Value = the utility a good has - Exchange Value = the value that a good holds in a transaction - Socially Necessary Labor Time = time it takes to create a certain good - Fetishism of commodities is meant to blind the working class to the exploitation of the capitalist system - Exploitation according to Marx is taking someone else’s labor and not properly reimbursing the individual (a critique is since the owner absorbed the risk and
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Pol 106 Review 1 - Political Theory Review I.) Jeremy...

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