POL208Y1 Lecture Notes - Lecture 13: Simon Schama, John Maynard Keynes, Robert Gilpin
Document Summary
Introduction to international political economy: relative and absolute gains. Political economy: the interaction between politics and economics regardless of the type of analysis. High politics: survival issues of national security deterrence. Ipe used to be connected to low politics: but in many ways ipe has clearly moved from low politics to high politics. A source of power (we need butter to buy guns) A source of welfare (we like butter) * prosperity as means vs. prosperity as a goal. We need to think about the economy in two ways: One looks at prosperity as a means for buying power realists. One looks at prosperity as a goal liberals. A common metaphor for the national production possibility frontier. Guns will make us powerful; butter will only make us fat hermann goerig. We can do without butter, but, despite all our love of peace, not without arms. One cannot shoot with butter, but with guns. joseph goebbels.
