SOC 100A Lecture 13: March 11th Notes
19 Jul 2016
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Market as a feature of human societies. Shouldn"t have monopolies that some companies have a stronger power over the market, no one should control the whole market. Gov"t should eliminate regulations so that markets can operate freely. Some countries have certain advantages in specific markets. Humans evolve and have a propensity to exchange one thing for another and so we all have an innate tendency to exchange w/ one another. No longer have to barter in order to get the item that that specific person wants and hunting down the person that has what you want. High use value: water, but has no exchange value. Smith said things could be exchanged for each other depending on the amount of labor spent into producing it. Division of labor and so ppl bartered products w/ one another. Fetish: to invest things with capacities they do not possess.
