SOCB42H3 Lecture Notes - Lecture 2: Free Education, Outlast, Investment
Document Summary
Sociological theory i lecture 2: essay due may 18th both on turnit in and black board, smith: believes that people with stored treasure does not mean that the nation is wealthy, wealth for smith is a social product. Which they can trade for money over and over again. In ways that enable people to access more and more needs and conveniences. Idea of continual replacement, which helps to increase productivity and grow wealth of our nations: national wealth and labour, stock and capital, productive vs unproductive labour: Productive labour: work that is performed and adds value to a product. Unproductive labour: work that is performed and does not directly result in a tangible product, does not result in an improvement to a real material product. In our commercial society (cid:449)e"(cid:448)e talked (cid:271)riefly about owners and workers and landlords. When we have division of labour we have productive and unproductive labour. Productive labour work that adds value to a product.
