POL 2104 Lecture Notes - 1979 Energy Crisis, 1973 Oil Crisis, John Maynard Keynes

• School: University of Ottawa
• Department: Political Science
• Course: POL 2104
• Professor: Joseph Roman

Document Summary

Comparative political economy: the development of the sub-discipline, persistent features of capitalism, key figures in political economy, approaches to political economy. What is political economy: political economy as a new discipline. What does political economy focus on: questions of power, the distribution of resources signal power relations among groups, social class and how they relate to one another. Sidewalks, parks, education, etc: the social aspects of the marketplace for all economic systems are ultimately social systems, social relationships are affected by the marketplace and its accompanying constraints, how states obtain resources from their economies. Taxes: states need to tax income, profits, and consumption to carry out their day to day responsibilities. Capitalism the interests of business must be taken into consideration: political economy and the contradictions of capitalism, e. g. productivity and competition. The consequences of the invisible hand as equilibrium. Key figures of political economy ii: john maynard keynes.