MDSB25H3 Lecture Notes - Lecture 2: Theodor W. Adorno, Friedrich Engels, Thomas Piketty
Document Summary
September 14th 2016 week 1 key words = capital, power, control, spatialization, structuralization, commodification how production, distribution and consumption work [key perspectives] political economy"s epistemology [philosophy of knowledge: realist, inclusive, constitutive, critical. The invisible hand [idea that everything will work itself out] Men were rational, so the assumption was that they would make decisions that would benefit themselves and therefore society [paradox] Theories of division of labour that made factories work. Smith critical of monopolies and division of powers. One can think about political economy as the study of social relations, particularly the power relations, that mutually constitute the production, distribution and consumption of re- sources (mosco, 2009, p. 24) Important to understand that as a collective group of users, you give these companies more or less power. Consumers/users/people/citizens are apart of the process of commodification and spa- tialization. The study of control and survival in social life (mosco, 2009, p. 25)
