LABRST 1C03 Lecture 1: 1.docx

• School: McMaster University
• Department: Labour Studies
• Course: LABRST 1C03
• Professor: Stephanie Premji

Document Summary

Theories of work- lens in which to see the world, different ways, Humans can produce surplus, ex: harvest, can save extra, can exchange the surplus, ex: wheat, more than able to store, can trade for something else, can exchange the use value, for the use value of something else. Used and exchange value are important for commodity. Between producers and means of production, money was used to simplify the exchange. Only used value for money is ability to produce exchange value. Capitalism- 2 classes- bourgeoisie- own means of production, 2. Proletariat- sell means of production, do not own, Nature owned by capitalist, production owned by capitalist, producers are separated, Development of different social classes, labours sell work, diverging interest, interest of capitalism increase profit, workers to improve working conditions, better wages, Unnatural, consistently being produced, becomes natural, send msg that capitalism in natural and other economic way is a threat.