SOCI 330 Lecture Notes - Lecture 1: Primogeniture, Human Capital, Bastard Feudalism
Document Summary
If you got money, you invest it in places where it"s safe where you can control. 19-09-12: there is a natural history/ path to wealth, he"s living in an agrarian society, in a normal society the pattern is growth in country side more surplus cities as a secondary phenomenon. Upon equal profits, most men will chose to employ their capitals in land (rather than: chapter two doesn"t justify the above argument first, it talks about horrible things in the dark. Ages (the discouragement of agriculture in the state of europe after the fall of roman empire), what he"s saying about this particular period is a number of things. There"s a legal thing (entails, primogeniture) most estates goes to the oldest son (property rights). He"s saying something radical: if you are living in a world where 10 people own the property of the country through primogeniture, it"s crazy because of the lack of distribution that may contribute to more human dexterity.
