POLS 1000 Lecture Notes - Lecture 8: Classical Liberalism, Market Clearing, Limited Government
2 Feb 2017
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Document Summary
Classical liberalism and reform liberalism and two ideological position that had been at a core in political debates in democracy from the very beginning. You don"t need government intervention because its self regulatory. It tells produces what to produce but rather informs the producers to produce what people want. Produces will only operate efficiently if there is enough competition to force them to do it. Standard areas where these arguments are made: historically generated, 19th century in england where you had extensive reliance on free markets. Unrestricted working day and large amount of urban slums that become to develop due to wages: in this context growth of reform liberalism accrued. They argued that its not an acceptable way of living: municipal plan (they had to plan how physical organization of the city is organized, keynes: government had responsibility to regulate markets. New additions to understanding democracy: feminism and environmentalism.
