SOSC 1340 Lecture Notes - Lecture 6: Baster, Mercantilism, Surplus Product
27 Nov 2016
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Give me that which i want, and you shall have this which you want (smith, p. 19) it"s an. Wikipedia: bring your student id and a pen, this is a closed book test no notes, dictionaries. Answer the reading questions to help prepare for the test! Smith"s theory of capitalism: view of human nature, view of the division of labour (d of l, social consequences of the d of l. Marx"s theory of capitalism: the class structure of capitalism: capital, wage-labour and exploitation, the uniqueness of labour power as a commodity, the d and l and the immoderation of the working class. Scottish political economist famous for his wealth of nation (1776) and considered a: adam smith (1723-1790) champion of capitalism. Critiqued then dominant mercantilist economic policy and practice. Claimed that public ends/the public good would best be served by individuals pursuing their own self-interest.
