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Transition from absolutism to classical liberal.docx

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Department
Political Science
Course
POLI 359
Professor
Mark Baron
Semester
Winter

Description
Transition from absolutism to classical liberal Classical liberal state  First democratic form of a state  Based on the idea of popular sovereignty  The population within these states are becoming less an object of social control and more the source of power (right to exercise power)  People who are sovereign who delegate the sovereignty to leaders.  Defined by the idea of popular sovereignty, it’s the people who are sovereign not the monarch.  Rights based in two senses:  Advocated on behalf of and protection of private property. (Protecting the ability of individuals to decide how they want to secure their private property, association, means etc. State protects their right to chose by engaging in the occupational categories they chose. Protects the rights of individuals to acquire as much wealth as they can as long as they aren’t harming others) o Adam Smith  Rational individual (people should have the ability to have rights protected largely because people are rational. Means individuals know what is best for themselves) Have to entrust rational individuals to accumulate and dispose wealth as they see fit as they are the only ones who knows what best for themselves. States cant generalize. Undermines the population to prosper and undermines the society from being well off and wealthy.  Self regulating market – government intervention is bad in the economy. Prosperous economies  strain the state from intervening.  Critique of mercantilism  Leads to irrational use of resources. (autarky  self sufficiency, what preserves sovereignty)  Protectionist aspects  irrational. Makes no sense to isolate from foreign competition. What it does is deprive the capacity of the state to acquire the investment income to increase employment etc. Undermine the capacity of your own industries to ultimately be competitive.  Leads to war, war is inefficient.  David Ricardo – Comparative advantage. If everyone is producing what they do best and exchange with
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