GGR221H1 Lecture Notes - Lecture 4: Path Dependence, Fictitious Capital, Historical Determinism
Document Summary
Material covers just up until the end of todays class. Polanyi a pure self-regulating economy is impossible and state regulation is needed to match supply and demand for land, labour and money. In canada we probably see this a lot due to our past. Argues that like marginalized peoples, we need our own theories rather than those fed to us by dominant colonial powers, ie. a theory from the margins. Important because our whole past has been based on staples, and perhaps this is not the best way for us to continue. Many of these still tend to foster collaboration rather than competition (a different mentality) Mode of regulation evolves differently in different places and nations. Fo(cid:396)d (cid:449)as a fa(cid:374) of ta(cid:455)lo(cid:396)is(cid:373) (cid:271)ut it (cid:449)as(cid:374)(cid:859)t suffi(cid:272)ie(cid:374)t to just ti(cid:373)e jo(cid:271)s a(cid:374)d ha(cid:448)e (cid:374)e(cid:449) management, he suggested we needed to go one step forward, revolutionizing the technology of the automobile.
