POLI 243 Lecture Notes - Classical Liberalism
Document Summary
Monarch were concerned with raising economic, but political aspects of when can change from a single individual racking preferences and decisions for us. But when a group is know responsible for the preferences change to accommodate everyone. Actors know their preferences and can rank them making actions, Actors know all possible options, including the consequences of each. Actors calculated the costs and benefits associated with each option. When you stop assuming that actors behave rationally, you can make predictions and prescriptions. Critics of mercantilism in the late eighteen century money for their militaries, in order to pay soldiers to fight for their country. Adam smith writes the wealth of nations formal arguments made by. States that the government is going up taxing people wrong, and the definition of wealth is wrong. The definition people used was based on gold and silver. Smith stated that wealth is what your society consumes, goods and services.