SSCI 1200U Lecture Notes - Lecture 2: Invisible Hand, John Maynard Keynes, Joseph Schumpeter
Document Summary
Related to the purple right hand bottom (political compass) Probably the most powerful idea in the worlds brain right now. When we talk about liberalism in society today, we talk about classical liberalism the idea in which modern society was formed. It shapes our thoughts, economic and political theories. Began for a short period around 500bc. Emerged again in the middle ages (500-1500 ad) Became fully formed in the mid 1800s. Remains arguably the most powerful big idea for guiding policy. To understand forget everything you think you know about the word liberal or the. In the year 507 b. c. , the athenian leader cleisthenes introduced a system of political reforms that he called demokratia, or rule by the people. Citizens of the city-state directly voted on what actions should be taken politically. Not all could participate: only adult men who owned land and were not slaves.
