04-class notes - 1 TODAY Class 4 • Philosophical foundations(3 pp 23-30 • Brander(6 pp 133-138 rule of law • Normative analysis of government

Info iconThis preview shows pages 1–4. Sign up to view the full content.

View Full Document Right Arrow Icon

Info iconThis preview has intentionally blurred sections. Sign up to view the full version.

View Full DocumentRight Arrow Icon

Info iconThis preview has intentionally blurred sections. Sign up to view the full version.

View Full DocumentRight Arrow Icon
This is the end of the preview. Sign up to access the rest of the document.

Unformatted text preview: 9/11/2009 1 TODAY : Class 4 • Philosophical foundations (3, pp 23-30) • Brander (6; pp 133-138- rule of law) • Normative analysis of government policy – Brander (3 – market failure: monopoly and public goods) – Brander (16- pp. 428-431- public goods). NEXT CLASS • Continue normative analysis Comm 394: Barbara Spencer – Brander (3) – externalities and informational market failure – Brander (10, pp 231 - 234 - externalities) Foundations of government Western Society : The "public interest" is the aggregate of private well-being. • Individual sovereignty - individual rights, freedoms • Legitimate governments are those that would arise from "social contracts" to which (almost) all individuals would voluntarily agree. • Rule of law Comm 394: Barbara Spencer 9/11/2009 2 Private Enterprise ¾ involves individual sovereignty Economic freedom : freedom to enter into voluntary • Economic freedom : freedom to enter into voluntary economic agreements. • Consumer sovereignty : the right to one's own tastes and preferences Problems? Do we need paternalism? Comm 394: Barbara Spencer Rule of Law • Broadly means that everyone is equal before the law and everyone is subject to the law. The law is determined by “due process” due process . – Alternatives: powerful groups such as top government officials are above the law. • Important features : Protection of private property through property rights and enforcement of contracts. Efficient administration of justice. – Sometimes defined more broadly to include the existence of basic freedoms, such as democracy, free speech and association. 9/11/2009 3 Advantages of Rule of Law • Encourages investment by reducing risk For example? – For example?...
View Full Document

This note was uploaded on 02/14/2010 for the course COMM 296 taught by Professor Dasgupta during the Fall '08 term at The University of British Columbia.

Page1 / 9

04-class notes - 1 TODAY Class 4 • Philosophical foundations(3 pp 23-30 • Brander(6 pp 133-138 rule of law • Normative analysis of government

This preview shows document pages 1 - 4. Sign up to view the full document.

View Full Document Right Arrow Icon
Ask a homework question - tutors are online