Political Science 2211E Lecture Notes - Lecture 8: Unintended Consequences, International Financial Institutions, Externality

• School: Western University
• Department: Political Science
• Course: Political Science 2211E
• Professor: Zheger Hassan

Document Summary

We"re fundamentally di erent from spain; we have a di erent culture and our aspirations are to become independent; Classic liberalism: - could be a short answer question; explain the. Significance of the ideas of classic liberalism and how do they apply to. They believe that individuals will make the best decisions for their well being; they know what"s best for them: their justi cation/rationale for individual freedom. They argue that a free and open market can generate the most prosperity for the individual and for society as a whole. The government/state should stay liberal and small: in the economics sphere, the government should enforce contracts and provide the most basic crucial public goods. They stress that only the most basic public goods should come from the government: public goods = the private enterprise could not provide or if they could it would be far too expensive;