Test 1 Flashcards

(49 cards)

1
Q

Smith value

A

produces tangible good

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2
Q

Hayak value

A

Subjective

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3
Q

What would Locke, Rawls and Hayak say about opening a casino?

A

Locke no objective value (something that contributes to the betterment of yourself and others)

Hayak would say yes it’s none of your business

Rawls would not object to it on a basis of value but on the basis that it hurts the poor more than others. If allowed casino owners would be taxed heavily

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4
Q

What would Locke and Rawls do about putting up the ten commandments

A

Rawls = No you can’t have anything that promotes a single religious belief. It would privilege some people over others within the vale of ignorance

Locke = Government should be religiously neutral but the Ten Commandments are universal statement of inherent moral law and are thus acceptable

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5
Q

Political theory

A

what’s the best political system

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6
Q

Most political theories are a ______ to a ______

A

Response, Crisis

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7
Q

The crisis of modern political theory

A

Nihilism (no truth or morals)

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8
Q

Death of Nature

A

Nature is unchangeable and there are limits to mans ability to control it but this has broken down and led to Nihilism. For example people thought that it was natural for most people would die in infancy or childhood

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9
Q

Early Liberal theorists try to ________ based on _______ while simultaneously saying that _______ can be changed causing internal tensions within their theories.

A

create neutral systems, nature, nature

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10
Q

18th century definitions

A

Liberal = a person who was capable of living in freedom.

Conservative = people who were cautious and suspicious of change

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11
Q

19th century definitions

A

Liberal = all people are capable of living in freedom (if you’re a white property owning male)

  • Constitutional government
  • Free market
  • Democratic system

Conservative = supported the aristocracy and wanted to maintain the former system in opposition to free markets

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12
Q

19th century liberals want..

A

Constitutional government
Free market
Democratic system

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13
Q

20th century Definitions

A

Liberal = free markets were creating a new aristocracy through major income difference and people trapped in poverty

Conservative = 19th century liberals. This does not mean neoclassical liberals who did away with the moral code that accompanied classical liberalism

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14
Q

20th century liberals want

A

Regulation

Redistribution

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15
Q

State of Nature

A

how people govern themselves without government (Locke)

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16
Q

Law of Nature

A

Universal moral law that says you can’t harm yourself and others making most people peaceful

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17
Q

Why is government needed within the State of Nature

A
  1. Some people don’t follow the law of nature and thus people need protection
  2. There needs to be a way to mediate disputes between rational people
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18
Q

People in the State of Nature value

A

life, liberty and property

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19
Q

You must have limited constitutional government because

A

government can be a threat to rights

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20
Q

If Government fails to protect your rights you are

A

morally obligated to overthrow it.

21
Q

Humans creating ________ was a radical idea of _____ but there are natural limitations on them.

A

government, Locke

22
Q

Locke Distributive Justice

A

In the State of Nature the land is owned by everyone. If someone wants ownership they must labor and create objective value with it. Once you have done that it becomes your private property but you can only take what you need. You can accumulate as much money as you want as long as you invest it productively.

23
Q

Locke Religious Toleration

A

There should not be a forced public religion because if the state gets it wrong everyone goes to hell.

24
Q

Locke Role of Government

A

deals with the physical. Government shouldn’t regulate the physical means of worship such as buildings and vestments. The Government shouldn’t deal with speculative elements of theology. Government can deal with the regulation of morality.

25
Locke Role of Church
deals with the soul. There can be no atheism. There can be no overthrow of the government. There can be no loyalty to a foreign power.
26
The wealthier people are the _______ they are
freer
27
Wealth
GDP per Capita
28
____________ and ___________ are the ways wealth is created within the market.
Division of labor, capital investment
29
In Smith's think government should provide for what?
Government should provide for the national defense, public works, public institutions such as public education and a system of justice.
30
Capitalists
The most successful members of the middle (bourgousie) class.
31
Failure of Laisse Faire Economics
Economy is unstable and power is concentrated at the top.
32
In order to fix the failure of classical liberalism reform liberals would do what?
``` Regulate = stop the excesses of the market Redistribute = helps stabilize the market by having a broader consumer base. ```
33
Under Rawls thinking the most important group to consider is what?
lowest class not the middle class.
34
The Original state
people planning a political system that best suits them under the Veil of Ignorance
35
Veil of Ignorance
people have no concept of who they are since they don’t deserve any of what they receive. Because they don’t know anything they plan for the worst.
36
According to Rawls dffort and ability are irrelevant because why?
They are left up to chance. Effort can’t be gauged and ability is arbitrary.
37
Maximin Rule
maximize the best position for the worst in society
38
What does the Maximin rule lead to?
1. The maximum freedom for people by purging the remnants of Protestantism and establishing secularism 2. Redistribution. There can be inequality but the level of inequality must work to the maximum benefit for the poor and programs should work to supply their basic needs.
39
The Reform Liberal system benefits ________ and _________. This gives them power to make decisions for other people.
technocrats, managers
40
Who gets the most power in Rawls system
Economist and Sociologists
41
Neoclassical liberalism tries to maximize what?
Individualism
42
What are the hallmarks of neoclassic liberalism
Little regulation of the economy but subjective individualistic morality
43
Symbolic analysts
people who work in tech and advertising that make up the global capitalist system. (Neoclassical)
44
Why would a neoclassical liberal think Locke and Smith are wrong?
Locke and Smith are wrong because there is no objective value.
45
Administrative Despotism
The rules and regulations that spring from an overly individualist society and smother people and encroaches on their humanity and creativity. (Tocqueville)
46
According to Tocqueville what is the problem with an individualist society?
The problem with individualism is that it breaks down society by isolating people and breaking apart social bonds and leads to tyranny.
47
According to Polyani what is the problem with a Market economy and government intervention?
The Market economy breaks down social connections and causes social dislocation but government intervention will break down the economy and cause poverty.
48
Embedded markets
markets are imbedded in the social structure and social obligations take precedent over market needs (Polyani)
49
Disembedded markets
prioritizes the market over society. (Polyani)