SOSC 1000 Chapter Notes -Page Smith, Labour Power, Capital Accumulation

• School: York University
• Department: Social Science
• Course: SOSC 1000
• Professor: Gerry Goldberg

Document Summary

Capitalism embodies the notion of division of labor", which thus co-relates to the unjust treatment of workers. This assembles to uncover the reason for wealth of nations". 2 and the mishaps due to their wealth and ranking systems. Marx raise two different theories that contribute to the understanding of division of labor" as well as how to increase productivity. Where smith believes ranking and work distribution generally benefit society as a whole- marx views a negative outcome to that notion. Both highly respected social and economic thinkers pose rather different outlooks and outcomes for society in this epidemic. In addition, both creative thinkers model an ideal solution on the deeming question of how to increase productivity". Smith understands wealth not solely by the money you attain but rather, it is of higher importance on the productivity of labor (wealth of nations 9). Division of labor according to smith produces a positive outcome.