POL208Y1 Lecture Notes - Anti-Corn Law League, Hegemonic Stability Theory, New International Economic Order
Document Summary
Interaction between politics and economics, polity and market. What s the role of the economy, it really depends on whom you ask, could be a source of power (we need butter to buy guns) or a source of welfare (we like butter) Prosperity as means vs. prosperity as a goal. Common metaphor for the national production possibility frontier. The tradeoff between guns and butter is most noticeable in times of war. No because people need food, it has effect on morale, effects gender relations as women go to war thus there was the rise of feminism, breaking the mold of the typical house wife. Not always a zero sum game between guns and butter, can export guns. Using economic resources as a weapon, hit them where it hurts the most, their wallets. An intense, coercive disturbance of the economy of an adversary aimed at diminishing its power.
