SOSC 1000 Lecture Notes - Lecture 6: Industrial Revolution, Government Debt, Negative Liberty
8 Feb 2016
School
Department
Course
Professor
Document Summary
An insatiable, dynamic, disembedded, two edged sword. Adam smith, mercantilism and the wealth of nations. The society of perfect (economic) liberty and the disembedded, self correcting free market. Marilyn waring vs. economic orthodoxy, yn system of nations accounting. 1949: the business community rioted to the repeal of the corn laws (last of series of the british government which affected the new colonies) The old forces (agriculture tradition) or new forces (released by the industrial revolution modernity: insatiable, dynamic, disembedded, two edged sword, insatiable. The desire to accumulate is at the very essence of who we are. Traditional societies economic life is embedded in society doesn"t have separate existence. Modernity the economy becomes disembedded of society. Takes on a life of its own. Separate spear of human activity: 2 edged sword ineceration marx term. But it also, simultaneously produces misery: about change, accumulation, competition, ineceration. Aristotle: believed that humans were not creatures of insatiable, natural and unnatural acquisition appetite.
