Political Science 2211E Lecture 5: week 5
4 Feb 2019
School
Department
Course
Professor
Document Summary
Lecture five: politics of economic policy and structure of canadian economy. Need intervention to correct market failure and reduce inequality. Country"s fault - poor economic policy rather than fault of international financial system. "all theory is for someone and for some purpose" Very few ideas not related to specific interests. Theories often rationalize interests of specific groups. Focus on competitiveness an productivity to justify tax cuts. Focus on deficits and problems w social programs to justify cuts. Focus on social problems to justify programs. Focus on market failures to justify regulation. Left wing -> centre left -> centre right -> right wing. Socialist -> kw -> classical liberal -> neoliberal (economic policy) Nobles supporting monarchy sat on right revolutionists sat on left. Liberals - more right than ndp; more centre. Many manufacturing and services tied to resources. Oil or mining boom leads to large investment inflows. Drives up dollar and makes exports more expensive.
