SOSC 1000 Lecture Notes - Industrial Revolution, Classical Liberalism, Miseration
31 Mar 2014
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May 28 th , 2013: smith and keynes: Economists are unhappy when they have to examine variables that are not easily measured by something like a price ernest schusky. Capitalism is unsatiable and hobbes calls it a desire for more and we are creatures of insatiable appetites. Change, accumulation, competition and miseration are 4 parts of capitalism. Economic ideas revolved around early christian ideas and ideas of aristotle and st. Economics was something that had to be kept in check. Aristotle argued that lending money with interest is a sin and immoral and debt is immoral. For the socratics, there was natural and unnatural forms of acquisition. Aristotle argued that people who engaged in long distance trade put their communities at risk. For early thinkers, economy is embedded in society. The merchants and traders were sub serving to the priests and the states leading figures. The economy is limited, local and it is regulated.
