POL214Y1 Lecture : 2nd Lecture

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13 Dec 2010
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Economic society and market societies are new phenomenons: started with merchants selling goods in europe from village to village. the exact same way it was dont h istorically. goods are produced in a way that has always been done, very little change/ no room for innovation. I t changes in small increments from generation to generation: command. central planning, bureaucratic people will chose where the market will go: markey economy. Tradition and command have been the used historically for a majority of our past. The idea of economics (products and distribution) should be organised and not subordinate to politics. This is a change from the pre 19 century to 19th century. Feudal system is both emblematic of goods being circulated, the feudal system needed to be overcome and undermined to the market. Social relations based on historical obligations, its static and rigid, the lord"s rule over the manner, the lord owed protection to the serfs.

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