DSOC 1101 Lecture Notes - Lecture 16: Industrial Revolution, Rent-Seeking, Barter
12 Jun 2016
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Document Summary
Economic development determined by: success of the export sector, characteristics of exports & disposition of export income (ginseng vs. cotton) Compare this to export led growth in china/india today. Economic magnitude of southern agriculture: torture against slaves had virtually the same innovation equal in numerical measure to all the mechanical ingenuity to the machines in the industrial revolution. Smith: technology is labor saving, and creates foundation for better world, first liberation from harvesting. Marx: technology is foundation for higher types of society, first freedom from slavery/near-slavery, then real post-industrial freedom movement, but people must create new society via politics. Weber: technology restructures the iron cage of the rational spirit of capitalism/protestant ethic. How/why stiglitz entertains marx, while intending to preserve smith. Smith: inequality can be corrected by effective markets. Weber: inequality results from rationalization of economy. Greed & origins of capital: biographies & important dates. Witches of macbeth: symbolic of social causation related to greed.
