Political Science 1020E Lecture Notes - Lecture 10: Capital, Volume I, Money Changes Everything, John Stuart Mill
1 Dec 2017
School
Department
Course
Professor
Document Summary
Money transforms human relationships-> commodifies and degrades relationships. In actual history, it is a notorious fact that conquest, enslavement, robbery, murder, in short, force, play the greatest part. -karl marx, capital, volume 1. Owners of resources have (limited) rights to determine what to do with them. Cluster of rights: posses (exclude others), use, sell, give away, destroy. Choose the distribution that maximizes happiness, well-being, or utility. Diminishing marginal utility suggests that goods should be distributed equally. If you want to maximize happiness, goods should be distributed equally (utilitarian view) Basic rights include the right to private property. Commitment to freedom means equal freedoms for all. 1. 4 billion people live on less than . 25 per day. The true founder of civil society: first person who put a stake in the ground and said this is mine -> first person who screwed up society. The fruits of the earth belong to everyone.
