SOSC 1009 Lecture Notes - Lecture 6: John Maynard Keynes, Montreal Annexation Manifesto, E. P. Thompson
16 Apr 2017
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Smith & keynes (week 6 oct. 19) Appetites are without limit: no such thing as enough". Capitalism is all about change (nothing but dynamic: heilbroner speak of joseph __ - creative destruction being at the centre of capitalism , creative destruction: ex. 1 (written after the collapse of the soviet economy) Feudalism, the dark ages : early christian thinkers & aristotle in the politics had similar thoughts and values regarding economics. Debt was evidence of moral failing, natural and unnatural acquisition. Household economics: during the feudal era, the economy was embedded in society. Merchants and traders during feudal times worked for the priest and statesmen: rise of classical ideology & industrial revolution challenged the feudal era. Mercantilism: dominant economic industrialization: smith does not agree. Adam smith, mercantilism & the wealth of nations. Smith was a moral philosopher (work based on this) 1840: smith"s ideas were being applied to public policy: applied to corn laws (ep thompson)
