The Economics of Living Markets

Revision sheet excerpt

Course Outline

  1. History of Living Market
  2. Modern Capitalism and Living
  3. Market Boundaries and Ethics
  4. Market of the Human Body
  5. Body as Commercial Object

1. History of Living Market

Key Concepts & Definitions

Marchandisation du vivant: The commodification of living beings, which has existed throughout history, involving practices such as slavery, prostitution, and trade of rare animal species and their parts. (source content)

Essential Points

The commodification of living beings has a long-standing history, evident in practices like slavery and prostitution, which represent early forms of the living market. Additionally, the trade of animal species and their organs, including skins, has historically been part of this market, reflecting an ongoing economic interest in living resources.

Key Takeaway

Understanding the deep historical roots of living commodification reveals how contemporary markets evolved from longstanding human practices.

2. Modern Capitalism and Living

Key Concepts & Definitions

New frontier of capital: The idea that living beings—humans, animals, and plants—represent the latest domain for capitalist expansion, as highlighted by André Orléan (2001), who states that "today, the new frontier of capital is the living."

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Quiz preview

1. How can knowledge of the historical roots of the living market be practically applied in contemporary policy or ethical discussions?

2. What does the term 'Marchandisation du vivant' refer to in the context of the living market?

3. What is a key cause of the expansion of capitalism into all forms of living beings, according to the source?

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Flashcards preview

History of Living Market

Long-standing practices like slavery and animal trade.

Marchandisation du vivant — definition?

Commodification of living beings including animals and humans.

Modern capitalism and living

Expanding market laws into all forms of life.

Living market — historical examples?

Slavery, prostitution, trade of animal parts.

New frontier of capital — concept?

Expansion of capitalism into living beings.

Dimensions of humanity affected?

Health, nutrition, education, reproduction.

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What does the revision sheet on The Economics of Living Markets cover?

The revision sheet covers the essential concepts of The Economics of Living Markets. It is organized by topic to facilitate learning and memorization, with key definitions, explanations and summaries.

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The quiz contains 8 multiple-choice questions with detailed corrections and explanations for each answer. Ideal for testing your knowledge and identifying gaps.

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