SOSC 1000 Lecture Notes - Mercantilism, Bourgeoisie, Positive Liberty
9 Jan 2013
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Heilbroner defines capitalism as an insatiable, dynamic, disembedded, two edged sword . 1 insatiable humans have never ending appetites. 2 dynamic all about change dynamism . Marx argued bourgeoisie changed social functions and labours to be all about money. Physicians are now labourers of the work force, not physicians. 3 disembedded economy becomes disembedded from society in capitalism birthing new study of. 4 two edged sword all about growth however there is also deprivation: child labour etc. **where there is much growth, there is always much deprivation. Aristotle there is a limit to what people should accumulate. Adam smith mercantilism and wealth of nations. Define mercantilism mercantilism is the economic doctrine that government control of foreign trade is of paramount importance for ensuring the military security of the state. In particular, it demands a positive balance of trade. Adam smith does not agree with mercantilism because it gives monopoly of business to large corporation.
