SOSC 1000 Study Guide - Final Guide: Planned Economy, Bourgeoisie, Labour Power
18 Oct 2014
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In order for it to be capitol it must be m-c-m exp. Limits on acquisition, was such a thing as enough, early christian usry is a major sin debt-moral failing: socratic natural and unnatural acquisition. Liberal ideology and forces unleashed success challenge us, bourgeouisie new class with new idedas called capitalism: adam smith writing during discovery of new world, mercantilism early stage of capitalism commerce becomes more acceptable. If society of perfect economic liberty and the disembedded, self correcting free market economy: mercantilism- labour neither free nor motile. Laissez-faire: you cannot have capitalism where 5 % controls 95% of income. Labour must be free, workers bring labour power to market place (invest) must be free to get higher return on their labour power without characteristics of mercantalists era which restricted this freedom. Investment is self-regulated and if it isn"t you can"t have s elf regulating economy: before you can have a laissez faire economy you m (finish point)
