DEVS 230 Lecture Notes - Lecture 3: Keynesian Economics, Monetarism
Document Summary
Week 3 case study: right to choose (1980) The conditions suck but its because these people are new they"ll earn their way and then the next generation will be better off like we are. The market already tells people what to do if things aren"t working people will find other ways to do them. It"s their choice if they want lower wages and better conditions or vice versa no unions telling them what has to be done. Free market is to foster harmony and peace throughout the world. Freedom is not a natural state of mankind . People work well because there are competition for their labor and skills. Prices determine how things work government activity tries to determine how things will be produced, but not how things are produced and how they produce it now so really its someone telling others how to do their jobs.