TRN321H1 Lecture 2: Smith Second Reading Class Notes
1 Mar 2018
School
Department
Course
Professor
Document Summary
Origin and development of european commercial society: neoliberalism that came out of it forced upon the world. Division of labour and truck, barter and exchange (ch. 1) Rome: empire of rome encircles the mediterranean sea, water transportation was at the core of the development of the roman empire (massive transport network) This division cost the standard of living a great deal: land, security and the petty prince. When prosperity comes from land, land requires protection. Once you have a land based system without great means of enforcing principles of justice you need to defend your land militaristic society (taking over other peoples land, etc. ) Development of early castles: serf model. Serfs were owned by the land who had to work under the overseer. Different from other kind of slavery which was based on the ownership of. The individuals who lived on the land were indirectly the possession of a prince through their mutual connection to the land: development of the towns.
