POLI 243 Lecture Notes - Lecture 3: Classical Liberalism
19 Apr 2013
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Lecture 3: liberalism last 20 yrs: liberalism dominant, esp in ipe. Before (60s & 70s): structural realism dominant. Actors have perfect info rarely happens that actors have all info. Actors know their preferences & can rank them. Actors know all possible options, incl their conseq. Actors calculate the costs & benefits associated w each option. Critics of mercantilism in late 18th cent. Monarch taxed ^ trade collected tariff as goods crossed border. Adam smith wrote the wealth of ntns criticized brit mercantilism. Smith understands need for $ collected from tariff & milit expansion. Reasons for birth of liberalism (1830s & 1840s) British colonies revolting brit must re-think mercantilism. Brit adopts classical liberal policies internally & externally in early 19th cent. Success for brit ^ in power during 19th cent. Don"t know what individuals want, so let them to pursue their own choices. Some focus on role of individuals, some on role of states. All focus on exchange & mutual benefits.
