SOC227H5 Lecture Notes - Lecture 2: Sociological Perspectives, Invisible Hand, Economic System
Document Summary
Early theorists were well aware of the introduction of these technologies: tried to figure out new things with their solutions, causing some interference in everyday life. Classified work in the era and a lot of his theory evolved around conflict and exploitation. Because of the relationship that somebody had to sell labour they were in a situation where they were being exploited. People who are jumping on abilities to buy assets/property. Exploited people have phases where they get fed up and they create formal/informal organization where they start producing for themselves so that they can take over workers. Modes of production: economic system that is used to produce. Means of production (land, labour, capital: dictate what price it produced at and everything related to it, knowledge is placed as main priority today to do anything, everything that is need in order to produce.
