TABLE POLITICAL ECONOMY 1ST PART
Main features Government Goal Market
Capitalism -Private property There are institutions Growth and expansion Labor and capital
- market (labor, capital, that facilitate markets market.
land, goods and
services)
Mercantilism Stimulate export Promote government Create homogenous Regulated by
regulation, high tariffs, economies that the government
monopolies, state state can tax
sponsored business
SMITH’S TABLE
vs Mercantilism Competition Morality Division of labor
Smith - Against - No - Self-interest - Shows
- Do not manipulatio is a good concerns
produce n of prices driver in free about it
yourself - Invisible market - Concern
what you hand= - But there about
can buy efficient should cognitive
cheaper competition always be and
elsewhere (guides altruism (a intellectual
people virtue) implications
towards - Government of it
common as to foster
interest) public
- Needs to be virtues
controlled
MARX TABLES
Inspired by Historicism for Marx Historical materialism
Marx - Feuerbach There is a direction in Mix of dialectics,
(materialism which history develops historicism and
) but it is not constant materialism
- Hegel - Each period - Direction of
(dialectics) has a history
- Historicism dominant (historicism)
(we need to form of - History is
focus on the organizatio driven by
present, n to provide social
with a your change
knowledge existence which is
of the past. driven my
Historical material
context is conditions
not (materialism
constant) )
- These
material
conditions
are due to
class
conflicts
(dialectics)
MODE OF PRODUCTION
Forces of production Relations of production
- Labor power: every individual has it. it is a commodity to - Organization of work
be sold to somebody else (labor= commodity) - Class relations
- Technology (connection between input and output of
production)
Main features Government Goal Market
Capitalism -Private property There are institutions Growth and expansion Labor and capital
- market (labor, capital, that facilitate markets market.
land, goods and
services)
Mercantilism Stimulate export Promote government Create homogenous Regulated by
regulation, high tariffs, economies that the government
monopolies, state state can tax
sponsored business
SMITH’S TABLE
vs Mercantilism Competition Morality Division of labor
Smith - Against - No - Self-interest - Shows
- Do not manipulatio is a good concerns
produce n of prices driver in free about it
yourself - Invisible market - Concern
what you hand= - But there about
can buy efficient should cognitive
cheaper competition always be and
elsewhere (guides altruism (a intellectual
people virtue) implications
towards - Government of it
common as to foster
interest) public
- Needs to be virtues
controlled
MARX TABLES
Inspired by Historicism for Marx Historical materialism
Marx - Feuerbach There is a direction in Mix of dialectics,
(materialism which history develops historicism and
) but it is not constant materialism
- Hegel - Each period - Direction of
(dialectics) has a history
- Historicism dominant (historicism)
(we need to form of - History is
focus on the organizatio driven by
present, n to provide social
with a your change
knowledge existence which is
of the past. driven my
Historical material
context is conditions
not (materialism
constant) )
- These
material
conditions
are due to
class
conflicts
(dialectics)
MODE OF PRODUCTION
Forces of production Relations of production
- Labor power: every individual has it. it is a commodity to - Organization of work
be sold to somebody else (labor= commodity) - Class relations
- Technology (connection between input and output of
production)
