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This paper presents what may be regarded as a novel approach to social theory. Whilst laying stress on the economic structure, the theory views it as embedded within a broader societal context. According to the theory, society is viewed as a set of four structures. A set of categories for analysis of those structures is depicted and the most detailed presentation is devoted to the economy. In this case, it includes such innovative notions as quasi-work, lumpenwork and the whole theory of ownership of labour power. This implies an analysis of the differences between the legal and socio-economic approach to property.
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