Political Science 1020E Lecture Notes - Lecture 2: Market Socialism, Ecological Economics, Outlast
8 Dec 2016
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Document Summary
Economy influences political outcomes (cid:498)money talks(cid:499) Politics influence economic outcomes 1) organizing the economy, 2) Governments make decisions that influence the outcome of economy. Came into existence with the spread and strengthening of markets in the. It was born as a single discipline realizing values beginning of the 18th century. Political economy explore the implication for politics and society. The classics like adam smith and david ricardo, could say these are the liberals in this picture. Then there is karl marx and friedrich engels, markets is changing the society. As of late there has been a renewed interest in political economy. In britain and usa - late 19th and early 20th centuries. State formation inspired state intervention in markets: Protectionism beggar thy neighbor, strengthen one economy on the. Development states neo mercantilism constraint of others. The basis for a new science of society. Eager to offer market man as general model. Communist revolutions occur in background russia and china.
