SDS131R Lecture Notes - Lecture 3: John Maynard Keynes, Kondratiev Wave, Social Change

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Human nature is rational but not self-sufficient. Role of the state is the cultivation of the person. Equality is political and civil, also some economic and social (still an equality of opportunity argument) Community important in shaping life of individual. Larger state but still democratic (activist state: more involved in business and economic issues, more involved in our personal lives. Classical liberalism: mid 1600s to 1930s (in ideology and in policies) Reform liberalism: mid 1800s to 1970s. As an ideology but beginning in policy (ex. Child labour laws in 1800s or minimum wage laws in 1900: 1940s to late 1970s. (cid:373)ore (cid:449)idespread i(cid:374) poli(cid:272)ies, (cid:862)golde(cid:374) age of (cid:272)o(cid:374)trolled (cid:272)apitalis(cid:373)(cid:863), (cid:449)elfare. Neo-liberalism state: 1980s to present (in policies) Bretton woods institutions (imf, wb, wto) were rooted in reform liberalism (keynes) but switched to neo-liberalism in the 1980s. Adding the industrial revolution and colonialism to our discussion of the scientific revolution, the reformation and the rise of the nation-state.

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