CMNS 240 Chapter Notes - Chapter 1-2: Political Economy, Labour Power, Mercantilism
19 Sep 2016
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Document Summary
Capitalism is neither made nor defended by profiteers and super-rich megalomaniacs alone, nor did they produce the system that requires the structural position they fill. Capitalism is produced and reproduced by elaborate, historically embedded, and powerful social and material relationships in which most us participate. We need to understand capitalism in more than just a general way. While critical theories have a lot to offer, it is just as important to seriously engage capitalist theories of the capitalist theories of the capitalist economy , the ideas that make up modern orthodox economics and political economy. Capitalism is one way of arranging human society, of organizing the social relations of production, exchange, consumption and distribution. Today"s capitalist societies, the economy and things economic are depoliticized and oversimplified. The popular association of modern capitalism with human nature . Capitalism is taken not as an economic system, but as the economic system.
