Class Notes (839,002)
Canada (511,164)

State; New Institutionalism.doc

4 Pages
Unlock Document

Political Science
Political Science 1020E
Bruce Morrison

NEW INSTITUTIONALISM •reasons for an interest in the rational self interest for the individual •Keynesianism - state based intervention in the economy, counter cyclical demand management - when the economy is doing well the government pulls back when the economy is doing poorly the government intervenes •if the private sector isn't prepared to influence the economy of wealth, then as a consequence you get a sluggish economy - go against the cycles of the economy •the state is not a family, if all families cut back at the same time this affects the income of all families so you need to stimulate the economy when individuals are doing poorly •putting money in the hands of the most likely to generate demand •public choice theory says this is all dependent on artificial construct, individuals in the private sphere behave rationally but in the public we imagine the elected to envision what the people want - all self interested all calculating, preference maximizing actors and so in relation to this how do we think of the state when we accept that they are self interested •public actors think of their public perspective in terms of their individual private interests •when we think of state makers of being self interested we are constrained to try and think of things in a public general way which may not always be easy •rational choice theory is that institutions matter, individual acts in accordance with his or her society rationally - act in some part with what is going on their society •rent seeking - politicians are trying to deal out goodies to the people that support them, benefit those that end up benefitting them. politicians maneuvering resources to ways that not benefit the public but rather eventually benefit themselves •these are not public policy members these are narrowly interested actors who direct resources in a favorable fashion •we understand that politicians are acutely aware are the fact that they can act however they want after election until about halfway through their tenure •bureaucracy: are not trying to save money, not trying to save your money, they're trying to strengthen their types of bureaucracy, late in the fiscal year they have to overspend or cut back based on whats left - how they deal with public funds •if we see public policy makers are narrowly self interested - once you acquire power you become even more narrowly self interested - opposite opinion of public choice •relationship of a politics response to the whole or only to those who make themselves known •no such thing as the general will anymore •can we talk about the electorate as a whole or whether we can only discuss special active groups of the political process •politicians have an interest in spending as much as they can and if they do that at the cost of future generations they don't care and they will do that •the state is a source of spending without cease and this lies with welfare programs, social security etc are very popular and these are in the interests of politicians to serve the public •sequester was the democrats thing not to get the republicans to let the economies collapse, the republicans want to cut into the entitlements and welfare programs - republicans so drawn into the public choice perspective that they decided that even distasteful spending cuts are better than none. fascinating indicator of how prominent these ideas have been - raised a • new idea of what the state is and what it means to be autonomous, entirely different understanding of how to engage politically in the state • the positive case to public choice analysis has been the unionization and protection of individual welfare - insurance, unemployment, pension, gradual growth in understanding that a successful capitalist economy has various needs and wants and the state has to respond to this •state responds to the weaknesses or failures of the economy •the state growth in spending patterns is that the welfare state is a response to the growth of the democracy state •revolution bought peace - stability and confidence that brings growth •we can understand motivations because people are built in a frame because they know their preferences and they can maximize them so that they can strategically plan on how to get them - its deductive, it doesn't depend on psychological planning to prove its value •its a timeless proposition, so rational choice analysis can cast its scope on everyone eve
More Less

Related notes for Political Science 1020E

Log In


Join OneClass

Access over 10 million pages of study
documents for 1.3 million courses.

Sign up

Join to view


By registering, I agree to the Terms and Privacy Policies
Already have an account?
Just a few more details

So we can recommend you notes for your school.

Reset Password

Please enter below the email address you registered with and we will send you a link to reset your password.

Add your courses

Get notes from the top students in your class.