Midterm 1 Flashcards
(51 cards)
what is praxis?
mixing theory and action to inform revolution
what does Adam smith think?
believes people are independent producers guided by the invisible hand
- wrote the wealth of Nations
- free markets will regulate themselves and maximize profit and personal gain
what is the invisible hand?
unobservable market force that helps the supply and demand
- in free market economies self interested individuals operate in mutual interdependence to benefit society at large
what is the mode of production?
the mode of production is the base in Marx model of society, it is composed of the relations and forces of production
- all observable phenomena are products of the mode of production
what are the relations of production?
the social groups involved around production
- ex. employers and employees
what are the forces of production?
the things we use to produce things
- ex. machines and tools
what is the peasant and lord relation?
peasant and the land were the main sources of production in feudalism
- urban merchants began to rise in power and challenged aristocracy
- relations of production were “obligations” between land owning lords and the farmers
- ex. you farmer and live on my land and I will feed and protect your family
who are the bourgeoisie and proletariat?
the capitalists and labourers
- bourgeoisie own the forces of production and are the dominate group in society
- they try to preserve the forces of production to secure domination
- proletariat are the workers
what are the bourgeoisie strategies for overproduction?
- purposefully stop production
- increase exploitation
- both strategies fetter production
what is use value?
value in terms of utility
- what can it do? what can it be used for?
- ex. pen writes
what is exchange value?
value in terms of potential exchange
- what will I get in return for it?
- in capitalism everything is made for exchange value
- money is the form exchange value takes in capitalism
- the heart of alienation
what is the labour theory of value?
the amount of socially necessary labour put into an object equals its exchange value
- ex. 1 fish for 10 eggs, same amount of time
- as exchange rates become fixed over time we begin to forget we are really just exchanging labour and start thinking objects have intrinsic value
explain feudalism.
- the agricultural revolution started it
- urban peasants would farm the land for the lords of the land
- land and farmers were the main forces of production
- ideology was based around the great chain of being
- beginning of money economies and small scale production with skilled workers
explain capitalism.
- new classes start emerging
- ideology now claims we earn our social positions
- refine forces of production rapidly
- connect classes of thought to material production
contradictions of capitalism?
trying to reduce production costs while producing more products
- increase profit by
- lowering production costs
- expanding the market
- lowering costs makes it more difficult to expand the market, yet are forced to lower due to competition and then fail to expand the market
2 ways capitalism ends alienation?
- brings workers together
- the end of the other worldly
what is the great chain of being?
fixed positions in society; where you are in society is where god wanted you to be
- naturally inferior or superior
- can’t climb ladder in society; there is no ladder to climb
what is surplus value?
the value produced by labour which is not paid for by the capitalists
- profit is surplus value
- exploitation is occurring because workers produce more than they are paid for producing
what is absolute surplus value?
total gain in surplus value
- ex. lengthening work day; use to work 5 hr now its 6 hr
what is relative surplus value?
produce more surplus value relative to the same amount of time
- ex. increasing productivity
- machines are the best way to do this; replace variable capital, ie. living labour, with constant capital, ie. machines.
what is labour power?
turning living labour into a commodity. ie. selling ones capacity to work
- restrictions because you cant work someone to death
- less exchange value
what is labour?
work
what is nature?
the material world
- basis for the production of life
- more important than ideas
- nature dies in the quest for profit
what is other nature?
using thoughts and ideas for production