SOSC 1200 Lecture Notes - Brian Mulroney, Keynesian Economics, Government Spending
14 Dec 2013
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Lecture # 7 policy instruments & staples theory. Every old fool likes eating apples daily: efficiency: the utilization of scarce resources, openness: how, why, and on what basis decisions are made. Levels of input and participation in the decision making process: fairness: procedures. How things are done: equality: impartiality before the law, a level playing field, same rules for all, liberty: freedom. 1984, brian mulroney becomes the prime minister of canada and the progressive. Conservative party takes government with a vast majority. Each of these values is viewed differently depending on the ideological lenses in which you view it through: centre/right ideology: Efficiency: getting the most for the least. Involves leaving things to the market to handle. Openness: both the private and public sector should have the involvement of stake/share holders (not everyone). To be too open invites rewarding your competitors. Market will reward talent and punish lack of effort (economic whip).
