MGMT 4100 Lecture Notes - Lecture 4: Nacirema, Utopian Socialism, Joseph Schumpeter

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Moodle issues: oral presentation sign-up sheet, liberal political economy ii: imperialism, course kit update. Keynes, and schumpeter (cid:149) wrap-up: marx & engels (cid:149) victorian underworld (cid:149) Imperialism (cid:149) keynes (cid:149) schumpeter: next week: next class. Karl marx: state (cid:149) state: currently a tool of the bourgeoisie. Revolution: seize the state ( withering away of the state vs smash the state ) Then state will have a purely administrative and co-ordinating function. One man is king only because other men stand in the relation of subjects to him. Karl marx: production (cid:149) marx: notion of law -> tendency (cid:149) basis of social order (cid:149) cf. H 125 (cid:149) marx where does original wealth come from to get capitalism going: theft of land (enclosures; new world, theft of people (slavery, theft of wealth (new world; colonies) Primitive accumulation (cid:149) distribution and classes depend upon production and exchange (cid:149) changes in mode of production lead to revolutions (base & superstructure in contradiction)

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