POLI 2520 Lecture Notes - Lecture 22: Silk, Mercantilism, Transatlantic Trade And Investment Partnership
21 Nov 2017
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If everybody does that, everyone can acquire their needs most efficiently: british cloth and portuguese wine for ex, both states make more money by saving and selling. If each country specializes in exporting what it makes cheaply, and. Importing what it makes less cheaply, biggest gains overall, so everyone. Reviewing liberalism (cid:894)north(cid:895) american categorie are different : classic liberals wanted less state intervention in both economic and social. Issues; conservatives wanted state protection of traditional values & Left wants more state intervention on economic issues, to protect. Legacy of new deal + less state intervention on social issues --> (cid:862)liberal (cid:863: right wants less state intervention on economic issues, to roll back. New deal + more state intervention on social issues to protect. Using the state to protect that choice or using the state for economic means to support it, becomes a little messy (cid:862)neoliberal (cid:863) = on economic policy, return to classical liberal preference.
