SOCB42H3 Lecture Notes - Lecture 6: The Proletariat, Class Conflict, Bourgeoisie
Document Summary
Socb42 week 7 karl marx: theory as praxis. Quotes are related to concepts and processes that are related to smith and marx. Must be able to make sense what the quote is about. If there are more than one part to a definition; name and explain each part. Explain how the definition relates to the theorists" overall point of view. Two processes that both smith and marx talk about. We create things and sell them based on their use value (i. e. a coat is used to stay warm) Use value for use value, no extra value is gained. To make sense of the capitalist formula, we need to look at labour processes. Capitalism: buying a commodity to sell it again for profit. Congealed labour: the stamp that labour has on a product. The amount of labour that it take to make a product. Requires labour to pull cotton from a plant. 8 hours of labour to make the yarn.
