GGR221H1 Lecture 3: Lecture #3
9 Mar 2017
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Document Summary
Intro to money and commerce m-c (commodity)-m (profit) Capitalism m-c -> plant equipment and materials. Development of capitalism had to do with the changing of social relations. Capitalism: market imperatives people become newly dependent on commodity markets in order to meet daily and long term needs. People who are producers and consumers start to emerge with market relations. Most improvements in production arise from the ever-increasing technical divisions of labour in manufacture. Specialization leads to the corruption and degeneracy of the great body of the people unless government takes some pains to prevent it . Social division of labour something to do with people and relationships to each other. Between the household and the workplace (origin) Social consequences have to do with social relationships with workers. Increasing reach of world trade to extract resources from colonies to be used as inputs to manufacturing. Basis for belief in free trade" (then and now)
