POLSCI 1AA3 Lecture Notes - Lecture 10: Bourgeoisie, Free Market, Economic Planning
12 Oct 2018
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Context: 19th century britain and the industrial revolution. New forms of work the factory. New sources of social power manufacturers. Historical research led him to conclude that there are fundamental laws of history. These laws can be discovered through an examination of the economy. Economic production consists of two principle elements: The means of production the material part of the economy i. e. tools, technology, etc. The relations of production the relationship of human beings to the material part of the economy. Human beings have different relationships to the material part of the economy. Society is divided into those who own the means of production and those who do not. A class is a set of people who share the same objective relationship to the means of production. In capitalism, those who own the means of production are called the bourgeoisie, those who do not are called the proletariat. Relations between these classes are fundamentally antagonistic:
