POL201Y1 Lecture Notes - Seed Drill, Flying Shuttle, Industrial Revolution
Document Summary
The politics of development and the process of development in england. Economic and market society is a new phenomenon and slow to develop, took roughly 600 years started with trading and merchants. No separate economic sphere or organization, subordinate to politics and social life (pre19th or. 19th century: the feudal system: needed to be overcome and undermined to establish the market. System of hierarchy, social relations, static and rigid. Demonstrates the relationship between lords and serfs was social not economic, dependency on one another. A way of thinking about what the market economy is. Labour, land and property is not a commodity in the market they must become commodity. Labour: serfs could not sell their labour, could not move. Land: not considered outside of the social context, piece of territory they were attached to socially and politically, could not sell it, not a source of wealth.
