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WDW101Y1 Lecture : WDW300 February 15 2012.docx

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blueduck348
19 Apr 2012
School
UTSG
Department
Woodsworth College Courses
Course
WDW101Y1
Professor
William Watson

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Document Summary

Legacy of his ideas: the npd are still a member of the party he started ( the socialist international ), but they say they aren"t marxist. He"s a polarizing figure in politics because people associate him with the soviet union and its collapse, and lenin. German idealism: covered more in philosophy (kant, hegel) History is not just a random set of events with no meaning. There is significance to it that we can understand and it ties into enlightenment and freedom. Dialectic: stages of history characterized by a level or kind of consciousness. As its reached and becomes entrenched its flaws begin to undermine it until it is replaced by the next stage. Man is a rational and scientific being, we can create progress, etc. Normative/philosophical (see sugg. readings): more political aspect, talks about what happened in history and what he thinks is wrong with it.

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Related Questions

How did the Scientific Revolution and the Enlightenment help produce the French Revolution and the Industrial Revolutions? What were the origins of the great surge in the national consciousness that developed across Europe during and after the Revolutionary and Romantic Ages? How did the nature of the revolutionary change from 1789 to 1848? How did the European monarchies deal with the rise of radical politics among their working populations?

American History

To demonstrate your understanding of the political and social climate of the U.S. during the 1920's and what brought about "The Roaring 20's", please write a 2 - 3 page essay on the following topic:

How would you characterize the economy of the 1920’s? What made it “roar” and what role did the government play during this time?

Begin by discussing the Profit Maximization model and its corresponding formula Ï= pq - cq. Think of a product you might buy in bulk from a store like Costco. Think about how much the price is per unit and what you think the cost per unit might be. How many units come in a bulk container of your product? What would the profit be, based on your assumptions about the costs and price of the product?

Next, market prices are set based on the supply and demand of a good or service, rather than by some external decision-making entity. This is because people are seeking to maximize their utility and businesses seek to maximize their profit, and the goal of a functioning market is to find that point where utility gets as high as it can without dipping into the profit margin. This interplay of people's desires and the amount available create what was called by Scottish Enlightenment philosopher Adam Smith as the "invisible hand" of God in his book The Wealth of Nations. Hopefully, the end result will be equilibrium as indicated in the Marshallian Supply-Demand Cross. Government, meanwhile, seeks to maximize the public welfare, and steps in when there are certain economic outcomes desired but not being met - in what we refer to as socialism (note: every capitalistic country engages in some degree of socialism - it is the extent to which that occurs that decides whether we call the country capitalist or socialist). What happens to the invisible hand when the government steps in?