ESPM 50AC Lecture Notes - Lecture 20: Capital Accumulation, Rationality, Joseph Schumpeter

• School: Berkeley
• Department: Environmental Science, Policy, And Management
• Course: ESPM 50AC
• Professor: Spreyer Kurt

Document Summary

Espm 50 lecture 20 lecture supplement 2 fall 2015. Due to technical issues with the projector in 105 stanley, wednesday"s lecture did not cover all of the material that we needed to get through. If you have any questions, please feel free to contact kurt or ask them in lecture. Taken as a whole, the cultural and institutional features of late 19th century american capitalism provided a rationale for commodifying land and other natural resources in. After describing the fundamental features of a capitalist mode of production as it was manifest in late 19th and early 20th century new mexico, i had intended to address central ideas, values and cultural assumptions associated with this system. Rationality and decision-making: capital accumulation defines economic rationality in capitalist production. Decisions are premised upon universally applied abstract concepts that can operate regardless of environmental or social context.