SOSC 2330 Lecture 1: L1 - SOSC 2330 Lecture Notes Sept 19, 2016 (1)

• School: York University
• Department: Social Science
• Course: SOSC 2330
• Professor: Sonya Scott

Document Summary

What is economics: a (cid:373)ai(cid:374)st(cid:396)ea(cid:373) (cid:894)(cid:374)eo(cid:272)lassi(cid:272)al(cid:895) (cid:396)espo(cid:374)se toda(cid:455) (cid:449)ould (cid:271)e: (cid:862)the study of how society allocates scarce resources(cid:863) Political economy: political economy predates the emergence of economics as a science. Broadly speaking, jurisprudence is the study and theory of law. It seeks to understand: the philosophical and ethical aspects of law, the social and historical contexts of law. We will explore the relationship through 5 important categories: property, markets, (cid:858)good o(cid:272)iet(cid:455)(cid:859, ideology and power, liberty. Appropriation of land is justified (cid:271)(cid:455) the (cid:448)e(cid:396)(cid:455) fa(cid:272)t that (cid:449)e (cid:374)eed to eat to su(cid:396)(cid:448)i(cid:448)e(cid:863) (cid:894)wa(cid:396)d, (cid:1005)(cid:1004)(cid:1005)(cid:895). The labour-mixing theory solidifies legal right to ownership: (cid:862)our right to possess something comes about from our work upon it, for it is labour indeed that puts the diffe(cid:396)e(cid:374)(cid:272)e of (cid:448)alue o(cid:374) e(cid:448)e(cid:396)(cid:455)thi(cid:374)g(cid:863) (cid:894)(cid:1005)(cid:1004)(cid:1006)(cid:895). 2 we expect our dinner, but from their regard to their own interest. We address ourselves, not to their humanity but to their self-love(cid:863) (cid:894)(cid:1005)(cid:1004)(cid:1008)(cid:895).