POLSCI 3B03 Lecture Notes - Commodity Fetishism, Comparative Advantage
11 Nov 2013
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Document Summary
Developmental state is an example of divergence. Contextual and it diverges from liberal capitalism. What are some basic foundations of capitalism: property, accumulation, competition in a general sense, profit, production and consumption, markets regardless of how they"re organized, commodity fetishism. Inherent to any kind of production in trade. What distinguishes the commodity in pre-capitalism to capitalism; is that the commodity begins to organize how we look at value; Approach focuses on the agent of the firm: spheres. Actor centered; it focuses on the firm and how the firm is connected to. Inter-corporate relations (between firms) various aspects of the economy. Concept of the firm as relation (operating in relation to others) Series of institutions within an economy that complement each other around a specific trajectory. Give rise to distinctive forms of innovation that condition the response of firms; The way institutions develop together will condition how a society stays and responds to globalization.
