Zusammenfassung der Ressource
Introduction
- What is political economy?
- Economics
- How goods +
services are
produced +
distrubted
- Political Economy
- Economic processes together
with political processes
- Fundamentally about power
- Formal + Informal rules
governing...
- Labour
- Markets
- Trade
- Property
- Bernstein's Qs of PE
- Who does what?
- Labour
- Who owns what?
- Property
- Who gets what?
- Distribution
- What do the do with it + how?
- Consumption
- Reproduction
- Accumulation
- Capitalism
- Key Theorists
- Concerned with understanding capitalism
- Understood through feudalism
- Adam Smith
- Economic growth
- Division of labour
increases wealth
- Prices determined by supply
+ demand
- Extent of the market matters
- Free trade is in the interest of the nation
- Concerned with
negative effects of
markets
- Identified role for govt
- David Ricardo
- Labour theory of value
- Theory of rent
- Theory of
comparative
advantage
- Karl Marx
- Modes of production
- Feudalism
- Capitalism
- Communism
- Exploitation through
extracting surplus
value
- 'Free' labour
- Commodity fetishism
- Dependent upon primitive
accumulation
- Capital as a social relation
- Devmnt. of proletariat +
declining rates of profit
- Capitalism contains
seeds of own
production
- Karl Polany
- Social construction of markets
- Market not a natural outcome
- Market society
- Markets vs system of
self-regulation
- Fictitious
commodities
- Reciprocity + redistribution vs
profit + gain
- State intervention key
- Double movement
- Society responds to protect tself
- Goods + services primarily
exchanged through markets
- Expanding + appears to be
dominant
- But not the only means of
production/distribution
- Geographical PE
- PE + space co-produced
- Largely draws on Marxist PE
- Capital relies on mobility
- Shifting investment
- Terms of labour
- Regulations
- Resurces
- Markets
- Capital needs some stability
- Harvey: spatial fix
- Smith: uneven devmnt.
- Massey: spatial division
of labour