Political Science 1020E Lecture Notes - Lecture 3: Friedrich Engels, Embeddedness, University Of Western Ontario

• School: Western University
• Department: Political Science
• Course: Political Science 1020E
• Professor: Charles Jones

Document Summary

Uwo political science 1020e term 2 lecture 3. Economy influences political outcomes (cid:862)(cid:373)o(cid:374)e(cid:455) talks(cid:863) Politics influences economic outcomes : organizing the economy, realizing its values. Embeddedness of the economy the market economy operates in a broader society whereby the values of that society are embedded in the market because the market is embedded in that society. People study it because capitalist economies began to spread and strengthen. Exploring the implications for politics and society: adam smith and david ricardo. Political science is an off-shot of political economy. Ma(cid:396)kets a(cid:396)e (cid:374)ot (cid:374)atu(cid:396)al (cid:894)the(cid:455)"(cid:396)e a(cid:396)tifi(cid:272)iall(cid:455) (cid:373)ade, (cid:374)ot hu(cid:373)a(cid:374) (cid:374)atu(cid:396)e(cid:895) I(cid:374)te(cid:396)(cid:374)all(cid:455) (cid:272)o(cid:374)t(cid:396)adi(cid:272)to(cid:396)(cid:455): it"s (cid:374)ot i(cid:374)(cid:272)li(cid:374)ed to e(cid:395)uili(cid:271)(cid:396)iu(cid:373) like othe(cid:396)s sa(cid:455), it"ll destroy itself. Prone to revolution by class conscious proletariat. There are stages, like slavery, because every economy creates a struggle between the classes, e. g. slaves vs. slave owners. History of economy is defined by the class struggle of its time, e. g. slavery.