PPAS 1110 Lecture 3: Sept.28 2016

• School: York University
• Department: Public Policy and Administration Studies
• Course: PPAS 1110
• Professor: Karimi Sirvan

Document Summary

Capitalism in the classical and high liberal. Liberalism as ideological justification of emerging capitalism. Capitalism: a social system characterized by private ownership of the means of production, voluntary exchange of goods and services and distribution of income in market. accordance individuals bring what with to. Putting ideas into a historical context: ideas cannot be divorced from interests. Classical liberals rationalized the values, norms and principles of capitalism, and liberalism essential tenets the of promoted. Background to the debate on the origin of state: The theory of social contract: explaining the transition from state of nature to. The theory proceeds from the basic assumption that a state of nature once existed in which people possessed absolute natural rights (including life, liberty and property rights) Absolute freedom but no guarantees of safety and security. Consequently, people entered into a social contract or social compact to form state and establish government to which they surrendered their freedom in return for security.