PAPM 1000 Study Guide - Human Nature, Productive Forces, Icaria

• School: Carleton University
• Department: Public Affairs and Policy Management
• Course: PAPM 1000
• Professor: all

Document Summary

Internationalist critique: friedrich list german philosopher. Left germany for the us due to political struggles - exiled: alexander hamilton was asked in 1791 to write a report on manufacturers. The us" economy was built around serving uk after independence, the us went into free trade with uk. The us only produced agricultural goods uk produced manufacturing goods. Hamilton recommended that they produce both goods for the benefit of their economy (instead of being a simple producing colony to britain rather be a competitor). He brings for the american economic system = industry is made with the aid of the state actively involved in the state for the long term development. The state must intervene in order to develop infrastructure. Nationalism of companies promotes growth within the economy, ex. Others: creation of a national bank, regulation of industries and money production.