SOSC 1520 Lecture Notes - Lecture 5: Production Function
6 Feb 2017
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Document Summary
New men were very new class of economically important people. Not a lot came from a noble descent. Economic and political revolutions were more accepting when seeing the capabilities of the lower and middle ranked social classes. Captains of industry: captain of industry was the dominant figure. Entrepreneurs were scared of finance and competition rather than production. How did the emergence of the market and industry changed the lives of ordinary working people? (look at p. 74-75) People moving into city and less into farms city life is becoming a mass sale. Interdependence: tech has lessened economic independence of the average citizen increased specialized nature of work. Office worker only does small portion of job. Work now involved same work everyday but hardly impact the humans physical capability of doing the task. Read the first paragraph of page 79: how does this square with the idea of.
