SOSC 2000 Lecture Notes - Lecture 7: Elizabeth Magie, Economic Liberalism, Neoliberalism

• School: York University
• Department: Social Science
• Course: SOSC 2000
• Professor: Annette Bickford

Document Summary

Readings: d. reed, (cid:862)fra(cid:373)i(cid:374)g note: the o(cid:272)ial di(cid:373)e(cid:374)sio(cid:374)s of water. (cid:863) 2) mi(cid:272)hael mas(cid:272)are(cid:374)has, (cid:862)i(cid:374)trodu(cid:272)tio(cid:374)(cid:863) where the waters divide. Demonstrates the instability of the free market. The rich get richer, as they can leverage their wealth to increase their earnings. Https://www. youtube. com/watch?v=dt-jx3dvmu0 (cid:862)li(cid:271)eralis(cid:373)(cid:863: political: political liberalism is presented as progressive compared to conservative or right wing, economic: economic liberalism is different. Conservative politicians who say they hate (cid:862)li(cid:271)erals(cid:863) meaning the political type support economic liberalism, including neoliberalism. Neoliberalism: market liberals believe that distribution of income and wealth should be determined by the market. Reducing government spending for social services, such as health and education. Changing perceptions of public and community good to individualism and individual responsibility. Sustained economic growth is the way to human progress. Free (cid:373)arkets (cid:449)ithout go(cid:448)er(cid:374)(cid:373)e(cid:374)t (cid:862)i(cid:374)terfere(cid:374)(cid:272)e(cid:863) (cid:449)ould (cid:271)e the (cid:373)ost effi(cid:272)ie(cid:374)t. Governments advance the rule of law with respect to property rights and contracts.