October 3, 2013
Name: Baraq Balanovsky 212112090
Reading(sPolanyi, K. (1944) Habitation versus improvement; Societies and economic
systems; The self-regulating market and fictitious commodities.
OUTLINE OF THE READING(S)
Landowners were profiting from new technology being developed by
the lower working class had to suffer at the same time. As new farm
technology came out, land formerly available to the public had been
enclosed. The land previously was used by the common public for grazing
and growing food was enclosed into private properties. The landowners
wanted to maximize their profits by using new technology in their enclosed
land. They used to the land for better raising of crops and animals,
specifically sheep for their wool because it was a very profitable market.
They had to sacrifice social dislocation to achieve improvement. It was an
improvement for the merchants and landlords but the lower class had
nowhere to live. It was like a revolution of the rich against the poor. The
newly produced wool on the sheep farms gave employment to a small part of
people who were forced out of tillage due to the enclosed land.
No society could naturally survive without an economy of some sort..
Division of labour within a society, usually differentiated in the facts of sex,
geography , and financial position. An individual's economy is based on their
social interests. They value material goods only so far as they serve their
end. Society has different ways to transfer goods and s