Political Science 1020E Lecture Notes - Lecture 3: Friedrich Engels, Neomercantilism, Bet Her
16 Feb 2016
School
Department
Course
Professor
Document Summary
Those with more money and, in turn, a higher socioeconomic status in society, have more say in policy and politics in general. Politics influences economic outcomes: (i) organizing the economy, (ii) realizing values. If the state cannot monopolize coercion, it cannot enforce property laws, etc. Economy embedded": economies do not function on their own, rather, it is intertwined with social aspects, such as culture and ideology. Economy is too important to be just left with economics". With spread and strengthening of markets beginning in the 18th century. Previously in minor mode" of function, but now central in society. Explore the implications for politics and society. Economics becoming more and more influential and significant in politics; hence, political economy. Early works: adam smith"s wealth of nations and david ricardo. Later works: karl marx and friedrich engels. Both recognize that economy is influencing politics, and differ as to how this occurs. In britain and usa: late 19th and early 20th centuries.
