PSC 204 Lecture Notes - Lecture 11: Proletariat, Mercantilism, Comparative Advantage
11 Oct 2017
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Mercantilism: economic activity should be subordinated to the goal of building a strong state, zero-sum game, atlantic trade system. Liberalism: the liberal view is that states can be, trading states. Japan, west germany: military states, ussr, mercantilists reject, states do(cid:374)"t seek to trade off o(cid:374)e for the other except i(cid:374) rare circumstances, mercantilism is the best way to gain prosperity (following the example of. Britain: develops as a critique to mercantilism, markets expand on their own, belief in progress, rational actors, mutual gains, power of the economic market to bring cooperation and prosperity. Some rules: comparative advantage, states benefit through specialization, states are not the central actor. Marxism: acts as a comprehensive critique of liberalism, economics, leads to class exploitation and class inequality. Differences of realism capitalism: both predict enduring conflict, realis(cid:373) = rules do(cid:374)"t cha(cid:374)ge, marxism, that is ahistorical and vague, does(cid:374)"t give a social expla(cid:374)atio(cid:374, law of uneven development.
