Posted: August 28th, 2015

Political Economy.

From the book Clark, B. (1998). Political economy: A comparative approach, 2nd Ed. Westport, CT: Praeger “The essential features of Classical Liberalism are contained in the definitions it gives to some of the most controversial terms in political economy.”
Human Nature. Humans are self-interested and capable of acting autonomously by using their capacity for reason to discover the most efficient means to satisfy their needs and desires.
Taking that definition of human nature answer the following questions:
Are the assumptions empirically accurate? That, is do they accurately describe human nature? What are the implications of the assumptions?
Part 2
Same as part one but use the definition for morality.
Morality. No objective method exists for discerning which values are superior to others; therefore, individuals should be free to determine right and wrong based on their personal preferences. The only valid social values are those that all citizens would support. Since nobody wants their property or civil rights to be violated, such violations are worn and should be illegal.
Taking that definition of morality answer the following questions:
Are the assumptions empirically accurate? That, is do they accurately describe morality? What are the implications of the assumptions?
Part 3
Same as the other two parts but use the definition for Equality.
Equality. Equality means that all citizens have the same opportunity to engage in economic activity and the same civil rights as established by the constitution.
Are the assumptions empirically accurate? That, is do they accurately describe equality? What are the implications of the assumptions?
Part 4
Same as the other parts but use the definition for Authority.
Authority. Legitimate authority arises only through the consent of individuals to relinquish a degree of their autonomy. For example, authority in the workplace may be consented to by employees in exchange for a wage. Authority by government may be consented to by citizens in exchange for protection of their rights to freedom and property.
Are the assumptions empirically accurate? That, is do they accurately describe authority? What are the implications of the assumptions?

Part 5
Same as the other parts but use the definition for freedom.
Freedom. Synonymous with autonomy and independence, freedom is the absence of coercion by government or by other people.
Are the assumptions empirically accurate? That, is do they accurately describe freedom? What are the implications of the assumptions?

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