Political Science 1020E Lecture Notes - Lecture 3: Friedrich Engels, Primitive Communism, Neomercantilism
7 Feb 2019
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Document Summary
What is political economy: politics and economics interrelated, economy influences political outcomes money talks , politics influences economic outcomes, organizing the economy, realizing values, economy embedded". Political economy: a single discipline, with spread and strengthening of markets beginning 18th century, explored implications for politics and society, adam smith and david ricardo, karl marx and friedrich engels, political science: an offshoot of political economy. Approaches: state centric: markets not natural, state formation inspired state intervention in markets, mercantilism nation wealth and power, protectionism beggar thy neighbour , developmental states neo-mercantilism. Approaches: classical and neo-classical: classical for adam smith, markets are, natural, spontaneous. Approaches: marxist: capitalism is, exploitative, internally contradictory, prone to revolution by a class-conscious proletariat. Economic systems: marx: succession of economic systems, primitive communism, slave society, feudalism, capitalism, communism, distinct historical eras, revolutionary breaks, but capitalism not replaced by communism.
