Political Science 1020E Lecture Notes - Lecture 12: Egalitarianism, John Stuart Mill, Marginal Utility

• School: Western University
• Department: Political Science
• Course: Political Science 1020E
• Professor: Charles Jones

Document Summary

Liberty, inequality, and property: making choices, experiencing happiness, pursuing paternalism. Karl marx (1818 - 1883: money transforms human relations, mo(cid:374)e(cid:455) is the (cid:862)u(cid:374)i(cid:448)e(cid:396)sal (cid:449)ho(cid:396)e(cid:863, everything has a price - even looking after your children, money talk debases our language. The true foundation of private property: (cid:862)i(cid:374) a(cid:272)tual histo(cid:396)(cid:455), it is a (cid:374)oto(cid:396)ious fa(cid:272)t that (cid:272)o(cid:374)(cid:395)uest, e(cid:374)sla(cid:448)e(cid:373)e(cid:374)t, (cid:396)o(cid:271)(cid:271)e(cid:396)(cid:455), (cid:373)urfer, a(cid:374)d i(cid:374) sho(cid:396)t, fo(cid:396)(cid:272)e, pla(cid:455) the g(cid:396)eatest pa(cid:396)t. (cid:863) ka(cid:396)l ma(cid:396)(cid:454), capital, volu(cid:373)e 1. What are property rights: owners of resources have (limited) rights to determine what to do with them, objects, land, buildings, factories, cluster of rights: possess (exclude others), use, sell, give away, destroy. What justifies a system of property rights: a(cid:374)s(cid:449)e(cid:396)s , promotes utility (happiness, protecting natural rights, securing freedom. Impartiality: equal concern: choose the distribution that maximizes happiness, well-being, or utility, diminishing marginal utility suggests that goods should be distributed equally, the incentive argument for inequality.