Political Science 1020E Lecture 4: Lecture 3 and 4

• School: Western University
• Department: Political Science
• Course: Political Science 1020E
• Professor: Nigmendra Narain

Document Summary

Lecture 3: sovereignty, legitimacy, domination, its public character, the adorable way it monopolizes the means of coercion. Examine the major approaches to political economy. Look at the world from the standpoint of competing economic systems. Focus on capitalism and consider its varieties. Economy influences political outcomes (cid:862)(cid:373)o(cid:374)ey talks(cid:863) Politics influences economic outcomes organizing the economy, realizing values. With spread and strengthening of markets beginning 18th century. Explored implications for politics and society: adam smith and david ricardo. In britain and usa late 19th and early 20th centuries. Renewed interest of late re-embedding and rational choice. State formation inspired state intervention in markets: Classical for adam smith, markets are: The basis for a new science of society. Eager to offer (cid:862)market ma(cid:374)(cid:863) as ge(cid:374)eral (cid:373)odel. But capitalism is not replaced by communism: Co(cid:373)(cid:373)u(cid:374)ist re(cid:448)olutio(cid:374)s o(cid:272)(cid:272)ur i(cid:374) (cid:862)(cid:271)a(cid:272)k(cid:449)ard(cid:863) russia a(cid:374)d chi(cid:374)a. State socialism: failure to control economy, motivate individuals. A complex process of integration and interconnection.