SOC207H1 Lecture Notes - Lecture 2: Protestantism, Sociological Perspectives, Invisible Hand
Document Summary
Before late 1858, canada did not have currency. Ca(cid:374)ada"s (cid:272)urre(cid:374)(cid:272)(cid:455) is (cid:271)ased o(cid:374) the u (cid:272)urre(cid:374)(cid:272)(cid:455) (cid:894)u(cid:374)ifi(cid:272)atio(cid:374) of the u a(cid:374)d ca(cid:374)ada(cid:895) Ca(cid:374)ada"s i(cid:374)dustrializatio(cid:374) is started by the us. Means of production (own or not) conflict between these two groups of people. Workers will finally realize their exploitation, and overthrow the capitalist class. Mode of production (industrial capitalism) (ex. feudalism) Means of production (ownership of it) (ex. Social relations of production (two antagonist classes) Significance of the conflict perspective: highlight the dehumanization, prediction to enter a class-less age, which is na ve and utopian. Private profit is essential: pursuing the self interest will increase the property of the society (because of competition) Competition is essential and keeps profits honest. Division of labour is essential to maximize societal wealth. Go(cid:448)er(cid:374)(cid:373)e(cid:374)t i(cid:374)ter(cid:448)e(cid:374)tio(cid:374) is (cid:271)ad for the so(cid:272)iet(cid:455) (cid:271)e(cid:272)ause this (cid:449)ill stifle i(cid:374)di(cid:448)iduals" self interest. The invisible hand determines what and how much each individual should produce (supply and demand)
