SOC 101 Lecture Notes - Lecture 18: Making Money, Barter, Wage Labour
Document Summary
The agricultural revolution and industrialization changed society in speci c ways: from barter => the use of a legal currency to buy and sell goods from agreements between individuals => contracts between corporations. Tenets of capitalism: adam smith was an economist who believed that: competition helps maintain a cohesive society specialization increases productivity and innovation using money, rather than barter, makes trading more ef cient. How capitalism changes our interactions: georg simmel believed that: changing from piecework payment to wage labor to a salary would depersonalize exchange separates public and private spheres. Theorizing the transition to capitalism: max weber linked the rise of capitalism to technology, ideas, and beliefs, as well as the. Protestant reformation concerned that people became obsessed with working and making money. 1945-1973 based on mass production of goods: dominated by large companies and powerful unions, rise in single-earner families due to high wages (could support entire family)
