SOSC 1009 Lecture Notes - Market Economy, E. P. Thompson, Mercantilism
16 Sep 2014
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Six of the following items will appear on the exam. You will be asked to define and explain the significance for the course of five of them. (10% each: thomas hobbes: Believed society began with a social contract. Before hobbe"s time, human behavior was taken for granted. Survival of the fittest, he speculated how human act in the state of nature. He thought they would all compete strongly against each other. Only subjecting themselves to a common power could they live in reasonable security. According to hobbes, peace was achieved when human finally said, i convey my right to this party, upon conditions that you pass yours to the same in other words; people said let"s make a contract. Each of us will limit our personal freedom in order to have some social stability. The value of goods and services is determined by the amount of labour required for their production.
