SOSC 1009 Lecture Notes - Lecture 8: Marilyn Waring, Orthodox Marxism, Big Government

• School: York University
• Department: Social Science
• Course: SOSC 1009
• Professor: Terry Conlin

Document Summary

Smith & keynes cont. (week 8 nov. 2) Feminist economics marilyn waring: elderly women = highest rate of poverty* Annual report: increase in gdp = decrease in quality * The fiscal crisis of the state : public debt becomes an issue of serious concern entering an era of the great economic debate , political philosophy: welfare state , ex. Milton freedman: return to supply side of the economy . Monetary policy: rise of the new rights = neoconservatives. Distorted the market: supply and demand can no longer function, we need to return to the smith model , get the government off the backs of those who create wealth in society. Big government has destroyed the need to invest. Ideological right: government debt is not sustainable- must get out. Cutting back on social programs: inflation is the new priority, not unemployment, end dependence on big government (western, big unions and organized labour.