POLI 243 Lecture Notes - Lecture 2: Origins Game Fair, Classical Liberalism
21 Feb 2016
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Liberalism"s origins: criticizing mercantilism in the late eighteenth century, gold and silver as the measure of wealth, came from use of mercenaries, adam smith write the wealth of nations; formal arguments later by. David ricardo: wealth is not gold and silver; it"s what you can purchase, get ride of mercantilism; generate trade consume, enjoy, etc, britain adopts classical liberal policies internally and externally in the early nineteenth century. Classic liberalism: individuals are the primary actors, individuals are rational unitary actors, individuals maximize utility, everything can be traded, individual indifference curves can be summed into societal indifference, trade is voluntary not coercive curves. Liberal ideas: individuals know their own desires. Individuals should determine: voluntary exchange (through markets) works well to satisfy individuals" outcomes desires. Analytical liberalism is probably the most dominant approach in ipe today. Easily incorporates work from economics: doesn"t talk about domestic politics in strategies, talks about that domestic politics in chunks o.
