POLI 2P99 Lecture Notes - Dialectical Materialism, Market Failure, Business Cycle
6 Nov 2013
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Ecological state extracts taxes triangle of state-society-economy. Role of the state: independence should separate from society, influence which different actors have influence on the state (plural/marx, interdependence takes care of its weak. Slide 1: introduction three analytical frameworks of governments" involvement in the economy. Independence: the commercial moral syndrome of the market versus the. C. interdependence: the inextricable links between government, the economy and society. Answering these questions requires a distinction between macro- and micro- economic policies. Macroeconomic policy deals with the behavior of the economy as a whole, and thus with large aggregate phenomena like employment, investment, inflation, growth and trade. The distinction between macro and microeconomics is one of emphasis, with the latter focusing on sub-components of the overall economy, such as industries, firms, and consumers. Slide 4: a historical overview of the interface between public policy and the. Mercantilism was one of the first theories of systematic policy intervention to emerge during the medieval age.
