[POL SCI 147C] - Midterm Exam Guide - Ultimate 11 pages long Study Guide!

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POL SCI 147C
MIDTERM EXAM
STUDY GUIDE
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PS 147C lecture 1 Jan 9,2016
American Political Development: Institutional Development
American Political economy in HIstorical perspective
What is this course about?
What to expect in the next several weeks...
A regime perspective on the development of the American Political Economy
Each regime can be defined by a set of political policies implemented for it and
political values that hold the institution
Tools appropriate to the study of business regulation and the american
political economy
This course is a mixture of
1. APD american political development
2. Public policy
3. Economic theory
4. Public law
5. Political theory
You will be challenged to evaluate the different normative justification given to each
system
Study 5 different regulatory regimes
5 different types associated through time
By the end of the quarter
You’ll be able to debate
What is regulatory regime
Regulatory regime
What do we mean by regulation?
Concept of regulation,
For franklin roosevelt, the regulation of business constitutes a set of moral control
on private economic behavior
By govt itself
Govet is the moral agent i the political sphere
Solve For the individual what the complex civilization
Without govt we wouldn't be able to do this
We knew that we must find practical controls over blind
economic forces”
Behavior preferred by lots of citizens over legislators
To make the private behavior comport with private policy
Targeted incentives to alter normal behavior, private behavior
Through the application of negative inducements and positive inducements
Negative inducements
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Forcing them to do things that they wouldn't do on their own
Coercion
Penalties for engaging in legally-prohibited behavior
The application of monetary fines
Walmart, predatory pricing
Below cost to drive off competitors from the market
When driven out prices will go up again
The threat of incarceration
Jeffrey skilling
The rescinding of public privileges
Fdr, the great depression, and privilege of buying and selling interstate commerce
Congress regulates commerce
Even access to those markets
Positive Inducements
Rewards (“the carrot”)
Materials rewards for engaging in legally-desired behavior
1. Government Subsidies
a. Clinton-era financial support for mergers in defense industry
2. Tax incentives
a. Tax breaks for companies that adopt pollution reducing or green tech
b. Hybrids
3. Extending privileges access to scre resources or restrictions
a. Ww1 and ww2
Regulatory regime
A complex and (reasonably) coherent system of government inducements (both
negative and positive)
Politicas has a dissonance in it
Trying to channel private economic behavior political ends
Comprised of
Idea
Interest
Institution
The three I’s
DIstinctive regulatory ideas
Explanatory ideas
Fact based causal ideas regarding various business problems
How do we understand the problem where it came from
The nature of that problem
The consequences of the problem for the things we care about (impact)
Allows us to understand phenomena
Business cycle
Concentration
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