New Philosophers Flashcards Preview

Politcal Economy 100 > New Philosophers > Flashcards

Flashcards in New Philosophers Deck (23):
1

Mill Main facts/ who relates to?

Utilitarian; Limited Government; Harm Principle,

Mill talk about history, race, culture, and traditional norms. that defines certain ideologies. (Nationalism). Talks how different nationalities can be brought together through ideologies. Advocates for diversity and says it will not lead to conflict if in institution. Institutions of nations will be a medium to diminish imperialism.

Relates to Weber institutions work

2

Schumpeter...main ideas/ who relates to?

capitalism vs. imperialism; do not go together...Imperialism leads to conflict/war....capitalism= peace.....as well as innovation; free trade is possible with cap. but not Indus. because they are too prone to

Keynes: people fight over money instead of power....no what Hobbes believes

3

List

National System- government intervention-Free Trade Government should invest in infrastructure to advance the nation infrastructure

High Tax rate

4

Luxemburg

The Accumulation of Capital 1913

Capitalism creates capital exploiting economies
---Destroys local economies
---Creates functioning capitalist society
Leads to International division of labor

Opposite of Hobson

5

Hobson

Imperialism destroys local economy, local economy vs abroad...Wages => consumerism power leads to strong local economy...Ultra- Imperialism => local economy => global economy reverts back to local... Imperialism---> war--->resources---> globalization --> weak local eco. micro/ macro

6

Role of Government
Machiavelli
        Hobbes
        Smith
        Ricardo
        Locke
        Rousseau
Bentham
        Hegel
        List –
        Mill –
        Tocqueville –
        Veblen –
        Marx –
        Keynes

Machiavelli – protect people, strong central gov.
        Hobbes – protect people, strong central gov.
        Smith – defense, justice/legal, public works, education
        Ricardo – landlords control gov. and benefit
        Locke – protect property
 Rousseau – agency of General Will – support general will
        Bentham – greatest good for greatest #
        Hegel – protects property, act as family
        List – invest in people and infrastructure
        Mill – limited government intervention
        Tocqueville – maintain order
        Veblen – controlled by upper class, they benefit
        Marx – should be run by proletariat, needs revolution
        Keynes – “prime economic pump”

7

Free Trade - good or bad
LIST, SMITH, schumpeter, lenin, kautsky, hilferding


List - positive - economic advancement
Smith - positive - limited regulations
Schumpeter - positive - free trade + globalization = level playing field
Lenin - negative - monopolies run trade
Kautsky - negative - monopolies run trade
Hilferding - negative - monopolies run trade

8

Revolution - good or bad?

Marx, lenin, mach, hobbes, rousseau, locke


Marx - positive - needed to overthrow government to end capitalism
Lenin - positive – division of nations turns to revolution
Machiavelli - people can start revolution, must keep them happy
Hobbes - negative - people give up right in social contract to have revolution
Rousseau - negative - no revolution in general will
Locke - positive - if government is bad people can overthrow it

9

Money

Keynes, hilferding, kautsky, smith, marx

Keynes - government intervention through interest rate
Hilferding - banks generate money and cause monopolies
Kautsky - monopolies control economy
Smith - wealth is land
Marx - accumulation of $ is bad

10

Property

Smith, mach, Hobbes, hegel, rousseau, locke, tocquville, veblen, mill, wollstone, marx, bentham

Smith - land
Machiavelli - protect property, property = land
Hobbes - state controls
Hegel - make, seize, mark
Rousseau - property belongs to general will, private property is bad
Locke - labor theory of property - ownership after labor
Tocqueville - accumulation is bad
Veblen - accumulation is bad
Mill - accumulation is bad
Wollstonecraft - women can’t have property
Marx - community / people should control property
Bentham - property has a utility value

11

Tax
Ricardo, smith, Hegel, mill, Hobbes, Marx, keynes


Riccardo- tax land
Smith- tax land
Hegel- tax people
Milltax- tax people
Hobbes- progressive tax
Marx- progressive tax
Keynes - progressive tax

12

Power state or individual

Hobbes
Hegel,
ROusseau
Bentham,
Marx
Mill
Locke


Hobbes- state
Hegel- state
Rousseau- state
Machiavelli- state
Benthem- individual
Marx- individual
Mill- individual
Locke- individual

13

Globalism/ Ultra-Imperialism

Kautsky
Hobson
Smith
Marx
Schumpeter
Luxemburg

Kautsky - positive - Monopolies/ Multinational Corp.
Hobson - negative and negative - Critique of Imperialism  
destroys local economies, increase in resources
use Luxemburg opposite
Smith - positive - critical because most are unprofitable only if it makes $  
Marx - negative - leads to inequality
Schumpeter - negative - Imperialism= War/Conflict
Luxemburg - negative - Leads to International Division of Labor

14

Division of labor

Marx, lenin, Luxemburg, Hegel, Veblen, Smith

Marx - division of labor leads to class conflict leads to inequality
Lenin - Revolution of Nations/ Specialization of Nations
Lux - International division of labor
Hegel - positive - dependence
Veblen - inequality
Smith - positive - specialize in task

15

Banks''

Hilferding, List, Marx, Hamilton


Hilferding - capitalism benefits banks which benefits monopolies
List - national bank
Marx - national bank
Hamilton - national bank

16

Inequality

Marx, Wollstone, Veblen, toc., hegel, lux, Hobbes, Smith, Ricardo, Lenin, Locke


Marx - division of labor is cause
Wollstonecraft - women have no rights
Veblen - division of labor is cause
Tocqueville - democracy / tyranny of majority is cause
Hegel - division of labor = dependance on each other
Luxembourg - international division of labor is cause
Polanyi - markets are cause
Hobbes - market economy is cause
Smith - specialization and merchants are cause, fellow feeling = solution
Ricardo - growing disparity between landowners and laborers
Malthus - inequality leads to poverty = population growth
Rousseau - private property created inequality, general will = solution
Lenin- division of world
Locke - natural inequality; DR= right to freedom (natural), right to his father's good inheritance  

17

Lenin - 5 points

Monopoly --> Finance Capital --> Export of Capital-->  Cartels & Trusts --> Division
of the World & Specialization of Nations ( World revolution of the Proletariat)

18

Lenin vs Marx

( Marx was focused on the social classes within the country, Lenin is leading further to globalization and nations become part of the different social classes,———> World revolution of the Proletariat (Specialization of Nations)

Differences with Marx:
Capitalism——————> Imperialism
Class Division———————> Nation Division
Capitalist vs proletariat ....NAtions vs poor nations


Monopoly -->Hilferding, Kautsky
Finance Capital --> Hilferding
Export of Capital-->  Make$ more important-- Keynes
Cartels & Trusts --> Kaustsky,Smith, Hilferding
Division of the World & Specialization of Nations ( World revolution of the Proletariat) -- Marx, Hegel, Lux, Smith


19

Anderson

Imagined communities,----> civil and ethic communities--->, printing press--->fail latin language lead to interconnectedness in nationalism through language

20

Keynes..gov. interests rates etc

during depression, gov should INTERVENE, supply JOBS to people to create infrastructure, STIMULATE consumer society, no permanently, leads to FULL EMPLOYMENT and bring economy back to normal.... Interests rates; low during depression like 2008 to simulate the economy and make people get loans and when rates go up loans are not sought out = less circulation...

21

Marx on gov/ property/ inequality

Should be run by proletariat, free education and needs revolution

Property: communal property - 10/90%

Inequality= industrialization/division of labor

Solution is revolution of proletariats to turn it to communist state

22

Taylor

Relate to Keynesian idea; there is always more efficient way to push people to get higher pay job or position etc..
Economic Performance : Keynes, Schumpeter, Taylor

23


Major Works
        Machiavelli – The Prince
        Hobbes – Leviathan
        Locke – Second Treatsie on Government
        Rousseau – Discourse on Inequality, On Social Contract
        Smith – Wealth of Nations, Theory of Moral Sentiments
        Ricardo – Principles of Political Economy
        Malthus – Essay on Population
        Tocqueville – Democracy in America
        Polanyi – The Great Transformation
        Veblen – Theory of the Leisure Class
        Bentham – Principles of Morals and Legislation
        Mill – On Liberty
        Wollstonecraft – A Vindication of the Rights of Women
        Marx – The Communist Manifesto, Das Kapital
        Hegel – Philosophy of Right
        List – The National System of Political Economy
        Weber – Bureaucracy, Origins of Industrial Capitalism
        Taylor – Principles of Scientific Management
        Anderson – Imagined Communities
        Lenin – Imperialism: The Highest Stage of Capitalism
        Schumpeter – Imperialism and Social Classes
        Hobson – Imperialism
        Keynes – The General Theory


Major Works
        Machiavelli – The Prince
        Hobbes – Leviathan
        Locke – Second Treatsie on Government
        Rousseau – Discourse on Inequality, On Social Contract
        Smith – Wealth of Nations, Theory of Moral Sentiments
        Ricardo – Principles of Political Economy
        Malthus – Essay on Population
        Tocqueville – Democracy in America
        Polanyi – The Great Transformation
        Veblen – Theory of the Leisure Class
        Bentham – Principles of Morals and Legislation
        Mill – On Liberty
        Wollstonecraft – A Vindication of the Rights of Women
        Marx – The Communist Manifesto, Das Kapital
        Hegel – Philosophy of Right
        List – The National System of Political Economy
        Weber – Bureaucracy, Origins of Industrial Capitalism
        Taylor – Principles of Scientific Management
        Anderson – Imagined Communities
        Lenin – Imperialism: The Highest Stage of Capitalism
        Schumpeter – Imperialism and Social Classes
        Hobson – Imperialism
        Keynes – The General Theory