SOCB42H3 Lecture Notes - Lecture 3: Outlast, National Wealth, Work Ethic
Document Summary
-- due on monday, october 7, by 4:30 pm. Your point is to make an argument. Propensity to trade markets dol skilled labour national wealth commercial society. Propensity to better condition save capital accumulation % productive workers national. Persuasion to get people to change their views of the world: the life of the worker contribution of the worker to the world, the best life would to not work; people work to stop working. What is commercial society? (major: (page 33) Limits of barter: people naturally exchange, therefore the natural thing to do is to trade what you have to achieve what you need, difficulties. Double contingency of wants: gold commodity that everyone will take/everybody wants/accept. With gold, the number of people that will trade with you and the ease of trading will increase. Money is an abstract, theoretical idea/concept (page 33) What qualities make for a good type of money: lasts, divisible (page 41)