POSC 476 Lecture Notes - Lecture 3: Mixed Economy, Aggregate Demand, Classical Liberalism

• School: Towson University
• Department: Political Science
• Course: POSC 476
• Professor: Gorana Draguljic

Document Summary

Socialism (left and right: economic shocks in early 1970s, new technological developments- Supertankers & air transport, internet, satellites, fiber optic cables, cell phones. The is also an ideological shift to neoliberalism (margaret. Thatcher & ronald regan) price of everything shots up, so the price of oil went from dollars to dollars same as everything else that involved transport: keynesian- more government intervention. Socialism in india, most of latin america and africa, mixed results, free market economies in latin america, mixed results: distribution of economic freedom (1992-2008)- victory of free market liberalism, west: mixed models and more free market economies, east: Emergence of mixed and free market models, south: trend toward free market models: mo(cid:448)e(cid:373)e(cid:374)t: tea party (cid:862) ocialis(cid:373) is (cid:374)ot freedo(cid:373) (cid:894)right (cid:449)i(cid:374)g(cid:895), occupy. The us has built up a strong political sphere.