topic 4 Flashcards
economics and political science (20 cards)
what is economy?
the social interactions that occur since goods are produced until they are consumed
what do economists study?
how companies produce and trade goods and how people interact in this process
what are the 4 main economic methods?
physiocracy, classic economy, scientific socialism, neoclassical
what is physiocracy?
LAISSEZ-FAIRE, LAISSEZ-PASSER. francois quesnay, jacques turgot
land = wealth. the fate of economy depends on nature not the state, so it should not intervene
what is classic economy?
adam smith, david ricardo
economy must be flexible so there is balance on supply and demand. perfect competition in all markets
what is scientific socialism?
karl marx, friedrich
work = wealth. owner exploit workers. disappearance of social classes
what is neoclassical?
alfred marshall
offer and demand, price elasticity, industrial organization
what is the object of study of economics?
optimal utilization of natural and human resources to achieve the needs of mankind
what is political science?
studies the way the state or government carries the affairs of a society
what are politics?
power given to an individual or group to excerise strong population control over a territory
who wrote The republic?
PLATO
first systemaric study of the political process
who wrote The prince?
Machiavelli
features that every ruler should have
who wrote The Leviathan?
Thomas Hobbs
argues for a social contract
who wrote The treastise on civil government?
John lock
states that all men are created equal by god
who wrote Social contract?
Jan jacques rousseau
inspire political revolutions in europe
who wrote The spiril of laws?
Monstesquieu
treatment of separation of laws
who wrote Perpetual Peace?
Immanuel kant
proposes political system of peaceful international relations
who wrote The communist manifesto?
karl marx and friedrich
all changes are driven by a process of collective struggle
who wrote The will to power?
Friedrich
human motivation is the desire of power
what is the object of study of political science?
relationship between rulers and the ruled
