Political Science 1020E Lecture Notes - Lecture 2: State Capitalism, Neoliberalism, Friedrich Engels
5 Apr 2016
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Document Summary
People with wealth are more likely to inluence the poliical process. Example: economy depends on property rights to funcion. Economy embedded" within broader social and poliical context. With spread and strengthening of markets beginning in the 18th century. Poliical economists explored implicaions for poliics and society. The classicalists (liberals): adam smith and david ricardo. Britain and usa late 19th and early 20th century. Protecing naional economies without concern for other countries. State protect and inner markets and idenify winners when they succeed. Markets are the basis for a new science of society. Economics becomes eager to ofer markets man" as general model. Markets are created by the upper-class for their beneit. World from the standpoint of compeing economic systems. Marx: succession of economic systems: primiive communism, slave society. Separates the two classes (land owners vs land workers: capitalism, communism. Reformers: believe that environmental issues can be solved in a capitalist society.
