PSC 1001 Chapter Notes - Chapter 2: Neoliberalism, Society 1, Proportional Representation

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Chapter two: economic class, development, systems, and globalization. I. political economy - the part of political science that focuses on the connections between economics and politics : studied through the themes of: class, economic development, *studies how politics shapes economics and vice versa, adam smith; scottish 17th cent: 1. class- a large group of people with similar economic attributes that shape their. *defined by: wealth/income, occupation/status/property ownership/and lifestyles and life chances; can be described in a myriad of conventions for weber: both. Karl marx: outlier of smith followers who love capitalism; witnesses industrialization of london with poor working conditions in factories, leads to much vocab used today. *always read the primary source to form your own opinion* Mode of production: the type of economic system based on methods of they are bc of substructure) production, patterns of property ownership, and relations btwn workers and owners; . Marx believed that economics provides the substructure for everything else in society.

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