POLI 101 Lecture Notes - Lecture 15: Red Tory, John Stuart Mill, Classical Liberalism
Document Summary
The state is the authoritative structure that is the government and the government. Judicial branch set of courts that make a binding decision. The state has a monopoly over various kinds of authority. The state can carry out violence in a way that is legal (military, police) Complex relation between society and the state. Political economy is between the state and society with respect to the economy. How much should the state interfere with economic activities. Minimum wage- state interferes in the economy. They want minimal government interference in the economy. Minimum taxes, various regulations (no minimum wage) Business should be able to operate in its own way. See value in low taxes so the choices in the economy are made by individuals or by businesses. Education, healthcare
