POLS 310 Lecture Notes - Lecture 5: Mercantilism, Rent Regulation
Document Summary
Starts off class talking about term paper, make sure there is a policy problem you"re addressing. Off topic, talking about the rape allegation about cavenaugh. Googles man says black qb can"t be depended on . Heads up, will be given a take home quiz next tuesday!! Charles murray for example talking about this for a long time. Politics and markets often seen as competing mechanisms. Society constructs political system embodying values, institutions construct legal framework in which economy operates and markets function. The most minimal kind of government system is this. Providing a communications infrastructure, transportation, education, security, law enforcement, emergency services, and thats about it. Everything else you let whatever the traffic will bear. Limited amount of taxation and regulation, as well of government programs. Us constitution created a set of institutional rules that acknowledge prominence of states at the end of the 19thc. It also limited the national government by dividing authority.
