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Jones' Lecture Nov. 1, 2011

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Political Science
Political Science 1020E
Charles Jones

Lecture: Liberalism Part 2 Nov. 1 , 2011.  Liberalism, Revolution & Capitalism  Neo-thassical vs. Welfare Liberalism  20 Century Developments  Next time: read B&D pgs. 93-102 Liberalism in America - 1763 : no taxation without representation - armed rebellion, then independence - Tom Paine (1737-1809) - 1776: Tom Paine’s Common Sense - government is a necessary evil - legitimate government protects our natural rights - 1776: Jefferson’s Declaration of Independence - “all men are created equal” - liberalism and republicanism (worry about danger of corruption) Liberalism in France - the old order’s 3 features: religious conformity (have to be Catholic, correct belief is enforced), aristocratic privilege (rule by the wealthy few), political absolutism (unrestricted power) - 1789: Declaration of the Rights of Man and of the Citizen - liberalism: tolerance, equal opportunity, constitutional government - republicanism: fraternity, civic virtue (need to participate to ensure everyone is kept honest) Liberalism and Capitalism - seeking economic liberty - ultimately pro capitalist - against mercantilism - inter-country competition is NOT a zero-sum game - 1714: Mandeville’s Fable of the Bees - Mandeville: private vices generate public benefits - Physiocrats (atte
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