Rentier capitalism

Chapter 14 Page 602 Seeking the Main Point In what different ways did global commerce transform human societies and the lives of individuals during the early modern era? Global commerce transformed human societies and the lives of individuals during the early modern era because it created a global network.Their lives changed as the unreachable people were united,a few people were enriched,and others were devastated or oppressed. Guided Reading Question: Causation What drove European…

Chapter-1 Performer’s rights: new dimension of copyright laws INTRODUCTION Performer’s rights with respect to cinematographic films have always been an area of dispute, this is because the producer is considered as the owner of such work and he can exploit the work for his economic advantage. A cinematographic film consists of a different rights associated to it and producer is considered as the holder of the bundle of rights only because he takes the initiative, like in a company’s case a…

He believed the working class had the power to change the system by uniting together and fighting against capitalism rather than competing against each other all the time. He had used the concept of ideology to help account for how the capitalists protected and preserved their economic interests. Marx had said that the dominant ideas of any society work in the…

KARL POLANYI: The Great Transformation In the 19th century, economy was still “embedded” (Polanyi, 1992) in the society, that is economic activities were influenced by social, religious and political relationships existing between people. Earlier, market exchange of commodities depended on trust, barter system and mutual understanding. Polanyi distinguishes commodities into real and fictitious commodities. Real commodities are commodities that are produced for sale in market. Polanyi,…

Immanuel Kant was a German philosopher from Königsberg in Prussia (today Kaliningrad, Russia) who researched, lectured and wrote on philosophy and anthropology during the Enlightenment at the end of the 18th century. Kant published other important works on ethics, religion, law, aesthetics, astronomy, and history. These included the Critique of Practical Reason 1788, the Metaphysics of Morals 1797, which dealt with ethics, and the Critique of Judgment 1790, which looks at aesthetics and…

A gift is viewed as an expression and maintenance of relationships, whereby the objects (gifts) do not hold any monetary value but rather is an expression of sentiment and cultural love. The ideology of the gift in Euro-America according to (Carrier, 1990, p.19-37) is a “reflection of socio-economic situation in which people find themselves in different economic significances of productive and familial relation.” Gifts create and maintain social groups in society, Mauss speaks about the…

The Flawed Labour Theory of Value “Value theory is the core of Ricardo’s economics, and consequently the core of classical economics” (Senga, 2017, p.198). Having orientated Ricardo’s writing in the context of his predecessors and contemporaries, this essay hopes to have now highlighted the extent to which Ricardian thought developed naturally in line with classical economics. We shall now move to address two divisive elements of Ricardian thought, which are claimed to constitute a detour;…

Modernism began in the late 19th century and spanned to the early-mid 20th century. It most likely originated in the industrial revolution, rapidly gaining momentum after the First World War, until a swift disillusionment stifled it during the Second World War (Kuiper; Deggan). As a genre, Modernism is generally defined by a self-conscious and radical reform of traditional forms of expression (Kuiper). T.S Eliot wrote and published his poem "The Love Song of J. Alfred Prufrock" in the early…

Me: The industrial revolution was the transition to new manufacturing processes between the period of time from about 1760 to between 1820 and 1840. It first started by the Britain and it processed to the United States in the early 19th century. It was first created to raise people’s standard of living. Before the revolution people were living on farmland, small towns or villages where there were little manufacturing. This includes the transitions from hand production methods to machines and…

TRADE SECRET A trade secret is a formula, practice, process, design, instrument, pattern, commercial method, or compilation of information not generally known or reasonably ascertainable by others by which a business can obtain an economic advantage over competitors or customers. A trade secret covers basically three aspects:- ● Not known to the public. ● Should generate economic profit to the holder (specifically for not being known by the public). ● Subject of reasonable efforts to maintain…