POL201Y1 Lecture Notes - Open Field System, Enclosure, Crop Rotation
Document Summary
The making of economic society and the industrial revolution transformation from feudal economy to a market economy, took about 1300 years. No change for several years and then drastic change because of the industrial revolution. Heilbroner three ways of organizing the production and distribution of goods. production, distrivution, and the market. Trade guilds ensure goods are created the same way, fairness was key. Bureaucrats made plans for production and distribution in 5 year cycles. Determined how much, where it was produced and distributed. Market distribution controlled by the social and political relations determined how things would be organized economically. The feudal system - must be undermined for a market economy to be a possibility. Serfs were unable to move up in the ranks, they were tied to specific lords and pieces of lands. No point in using money to make money. In the feudal period there are three things that are important.
