PSCI 2102 Lecture Notes - Overproduction, Enclosure, New Class
7 Jul 2014
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Document Summary
Class 2 psci2102b january 14, 2014. Modernization theory is the understanding of how you get from feudal economies to modern economies. E. g. , supermarkets vs mass markets based on haggling. Important historic document; rostow found development studies; central player in. Rostow turned to in order to prevent spread of communism in latin america: but history of development is different in such places so policies that worked in. America will not work in other countries: progress isn"t necessarily a happy thing perhaps only in western countries. But his theory is relatively accurate of transition to a modern economy but he ignored some casualties along the way. If you were a serf, you couldn"t move; had to pay rent to a lord, as well as owing him labour dues (owed labour). Most of crops growing were to feed your family, not to sell (subsistence economy) Moved from feudal society to small changes before explosive growth. Much more entrepreneurial culture from aristocratic display culture.
