POLI 2520 Lecture Notes - Lecture 10: Comparative Advantage, Mercantilism, Individualism
21 Nov 2017
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Document Summary
Early liberalism an liberalism as a political philosophy. Political institutions built on transition are no efficient nor morally correct. The right design is key to a good society. Any system (economics or political) that allows individuals to make their own choices are correct. Tension in liberalism - what is best for the society is not always best for everyone. Argument for less state intervention (economically and socially) Many early european liberals were set on getting government out of their lives. 1800s european social revolutions often about using the government to promote liberal agenda. Inter-war period, the us state becomes very active in peoples lives. There was busts and booms - great depression. Government should intervene to ensure the economy was regulated. Great depression also led to belief that government should. Great depression also led to belief that government should provide welfare, etc. to provide basic standard of living. Reject enforcement of law as it had been.
