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lecture #2

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University of Toronto St. George
Political Science
Sophia Moreau

POL 201: Lecture 2 September 20, 2010 - what were the conditions unique to britian that made the industrial revolution that made it happen there, or happen there first - the way in which the government was implicated in creating the market Industrial Revolution: - first took place in Britian - distribution and production through a market were slow to develop (economics and markets) - took roughly 600 years - identifies three ways: tradition, command, market (economy) 1. traditional: exact same way as it was done historically, same way they have always been done (functions because it has functions before) limit: no innovation 2. command: central planning, beurocratic decision makes decide what will be produced and where it will go (soviet union most popular example for their five year plan) th - up until the 19 century the production and distribution of goods was primarily decided by tradition and command - development of a field of economics, economics production and distribution should have its own sphere big change - one of the transformations that is most relevant: feudal systemneeded to be over come and undermined in order to generate the possibility of the market system of hierarchy- based on historical obligations (serfs tied to a piece of land and to a particular lord for generations) relationship between lords and serfs was one of social obligation - Feudal system: three things 1. labor is not a commodity: serfs could not move, and could not sell their labor, didnt receive wages, could not exchange 2. land is not a commodity: not considered outside of its social context (where families lived, grew their food) couldnt sell their land, not a source of wealth 3. property is not a commodity: wealth was spent on jewels, had no productive value, not invested, no development because it was not invested - transformation makes these things commodities how do we have the breakdown of the feudal system: - manners used the open field system - commons, everyone was able to use - agriculture innovation would change everything enclosure: the privatization of common land lord took that land back and privatized it (1801) enclosure movement the story of the commoditization of land, the transformation of a birthright and a social unit, to a productive unit of society
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