SOSC 1341 Lecture Notes - Lecture 11: Social Economy, Moral Economy, Social Capital

• School: York University
• Department: Social Science
• Course: SOSC 1341
• Professor: Stephan Dobson

Document Summary

Catholic church was morally against monetary gain: E. gunsury (loaning money for interest)was a sin against the deity. Over centuries, social functions that were served by commons. Christian holy text: the diet gave the world to everyone equally. Social economy: se develops in lockstep while private & exclusionary ownership the. C. w mills; personal troubles-> problems of milieu / social structure. To understand why our world is the way it is. Our social position (class, race, gender, etc) affect our ideas. Feudalism ;all wealth comes from the land;control crops, serfs, etc. Merchants lost struggle to capitalists; industrial revolution. Wealth comes from using money in order to make more money. Political idea: freedom from interference by state (king, gov"t) Political, religious, social freedom & economic: laissez-faire: market operations free of regulation, free trade: international laissez-faire. Individual self-interested ( selfish ) choices result in collective benefit. Therefore: gov"t should not interfere in the market. Two kinds of nights develop under law: