[Media, Information and Technoculture 2100F/G] - Final Exam Guide - Ultimate 48 pages long Study Guide!

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M e d i a , i n f o rm a t i o n a n d te c h n o c u l t u re 2 1 0 0 f / g. What is political economy: the relation between, power (politics, wealth (economics, and the means of communication (media) Political economy of media: political economy of media deals with the relation between power (politics), wealth (economics) and media. Adam smith (18th century: the wealth of nations, major argument: market driven society is the best possible because it allocates resources without any central authority, markets work without any central authority, prices determined by competition amongst many businesses. 20th century) the followers of both smith and marx did start to think increasingly about their influence. Corporate and critical (two conflicting schools of political. The commodification of culture: cultural objects and services are increasingly made to be bought and sold on capitalist markets, ex.