POLSCI 1G06 Lecture Notes - Lecture 4: Common Ownership, Elite Theory, Bourgeoisie
Document Summary
Context: 19th century britain and the industrial revolution. New forms of work the factory. New sources of social power manufacturers. Historical research led him to conclude that there are fundamental. These laws can be discovered through an examination of the laws of history. economy. What is the essential nature of the economy: economic production consists of two principle elements: The means of production the material part of the economy i. e. tools, technology, etc. 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 the economy those who do not. Society is divided into those who own means of production and. 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.