BUS 1050 1nd Edition Lecture 10 Outline of Last Lecture I Emmerson Conclusion Outline of Current Lecture II Marx III Tawny Current Lecture Test Review Thursday 9th Test possible on 20th after Fall break Why capitalism is the best system of development and enrichment Capitalism Emerson Commodity use value exchange value labor value Private Ownership Conwell Needs Wants bourgeois vs proletariat slave labor serf labor wage slavery Bourgeois merchant Carnegie introduces negotiation Marx argument communist manifesto of communism Soviet Union used communism to create dictorial fasicious state Proletarial wanted workers to have more of an opinion and negotiation DAS CAPITAL Goods have a good use value by animating goods Example of communist state Moscow Russia Moscow decides pricing unit production units owned Capitalism Socialism Communism Anarchy People if left alone will choose democracy Exchange value is a quantitative value for usage A relation changes with time and place P175 L92 Labor is an essential aspect of the value of commodity These notes represent a detailed interpretation of the professor s lecture GradeBuddy is best used as a supplement to your own notes not as a substitute The value of the commodity remains constant until the productiveness of labor Labor as an average of worker s production P176 L 94 The more productive we are with labor the more produced Ex Assembly Line More time put into product more valuable L 79 Labor value is not as respected in modern day End of Marx intro to Tawny Socialism without blood Fabianism Fabians want states to get involved Historical period from 500BC to 1500BC Catholic Period Page 182 Social Structure in detail Social structure Monarchy Church Aristocracy Landed Gentry guilds craftsmen serfs Serfs and landed genry may become craftsmen labor materials just price may not add profit margin
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