Political Economy

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Political Economy

  1. 1. Political Economy
  2. 2. What is Political Economy? <ul><li>Political economy originally was the term for studying production, buying and selling, and their relations with law, custom, and government. </li></ul>
  3. 3. <ul><li>In contradiction to the theory that land was the source of all wealth, some political economists proposed the labour theory of value , according to which labour is the true source of value. Many political economists also noted the accelerating development of technology, whose role in economic and social relations was important. </li></ul>
  4. 4. What does this mean? <ul><li>Political Economy is an approach to looking at the relationships between economics and culture / society / government at and the impact that changes in either one affect the other. </li></ul>
  5. 5. <ul><li>In terms of the theories of thinkers and theorists such as Marx, the economy is inextricably linked to every other cultural / social / political activity. In his base-superstructure theory, the economy forms the basis for every other aspect of human culture </li></ul>
  6. 6. Base / Superstructure <ul><li>In the social production of their existence, men inevitably enter into definite relations, which are independent of their will, namely relations of production appropriate to a given stage in the development of their material forces of production. The totality of these relations of production constitutes the economic structure of society, the real foundation, on which arises a legal and political superstructure and to which correspond definite forms of social consciousness. </li></ul><ul><ul><li>Marx, 1859 from ‘A Contribution to the Critique of Political Economy’ </li></ul></ul>
  7. 7. Base / Superstructure <ul><li>Base refers to the entirety of productive relationships, not just to a particular economic position (the working class, for instance) </li></ul><ul><li>The superstructure varies throughout history and is frequently unevenly developed across different areas of societal activity (in art and political culture, for instance) </li></ul><ul><li>There is an element of reciprocity between base and superstructure — an observation that Engels made explicit by claiming that the base determined the superstructure only “in the last instance.” </li></ul>
  8. 8. How does this relate to Music? <ul><li>Music, just as any other cultural product functions as a result of economics </li></ul><ul><li>It’s important to realise that Music does not, and never has, existed in a vacuum, separate to the concerns and confines of economics. </li></ul>
  9. 9. What are the changes that have taken place in Music’s evolution? <ul><li>Ritual / Sacrifice </li></ul><ul><li>Jongleurs </li></ul><ul><li>Minstrels </li></ul><ul><li>Representation </li></ul><ul><li>Repetition </li></ul><ul><li>Composition </li></ul>

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