POLSCI 1G06 Lecture Notes - Lecture 4: Common Ownership, Elite Theory, Bourgeoisie
29 views4 pages
Political Science 1G06 2014 Lecture 4b Marxism
What causes inequality? How and why does the specific form of inequality
change over time?
Context: 19th century Britain and the Industrial Revolution
- New Products – iron, railways, steam-power
- New forms of work – the factory
- New sources of social power – manufacturers
-Marx asks the question:
- How did this economic order come about – what caused the
economy to shift from feudalism to capitalism?
- Is the Free market, Capitalism, a just order given the severe
conditions experienced by the Working Class?
- What possibility does the future hold for change?
- Historical research led him to conclude that there are fundamental
laws of history.
- These laws can be discovered through an examination of the
-What is the essential nature of the Economy: Economic
production consists of two principle elements:
- 1. The means of production – The material part of the economy
i.e. tools, technology, etc
- 2. The relations of production – The relationship of human
beings to the material part of the economy
- Human beings have different relationships to the material part of
- Society is divided into those who own Means of Production and
those who do not
- A CLASS is a set of people who share the same objective
relationship to the Means of Production
- In Capitalism, those who own the Means of Production are called
the Bourgeoisie, those who do not are called the Proletariat