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Lecture 7

Lecture Seven- May 27, 2014- Heilbroner.docx

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Social Science
SOSC 1000
Terry Conlin

Lecture Seven May 27 2014 Heilbroner1An insatiable dynamic disembedded two edged sword Capitalism is based on the assumption that human beings are creatures of insationable appetite there is no such thing as enough The desire to acquire more after more after more Accumulation is acquiring more and more Capitalism is dynamic is all about change All that is solid melts into air You cant understand capitalism unless u understand its dynamics which is change Its all about change and expanding and creating new markets that didnt exist before Capitalism is disembedded from the society Capitalism is a two edged sword Great wealth and create misery produced at the same time About change accumulation competition 2Adam Smith mercantilismthe wealth of nations1000 year history For Aristotle economic life is devoid of nobility and hostile to development of character Usury was
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