Planning a Long Essay

Planning a Long Essay - Government 101-001 November 16,...

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Government 101-001 November 16, 2009 Stage 5: Constructing the Plan and the Essay
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Paragraph Plans Capitalism is a profit driven economic system based upon voluntary actions such as the investment of capital, wage labor which provides the demand for production, competition for quality and efficiency, and private ownership of the means of production and distribution within free markets, all of which can be said to facilitate political freedom. • Investment of capital in order to make a profit = essential element of capitalism (Fulcher 14) • Competition: (Fulcher 17) Adam Smith (I.7.9-11) within free market Adam Smith (IV. 8. 26) • Wage Labor: “Capitalist production is based on wage labor”. Also provides demand for capitalist enterprises. (Fulcher 15-16) Adam Smith: The Wealth of Nations (I. VIII) • Political freedom: wage laborers choose where and for whom they work (Fulcher 15) Milton Friedman Capitalism and Freedom (chapter 1): with freedom of exchange individual is protected from coercion.
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Paragraph Plans Merchant, production, and financial capitalism are all different forms of capitalism, but each is a type of economic system that involves investing money in order to make a profit, production based on wage labor, markets for free exchange of goods and services, competition between enterprises to ensure quality and efficiency, and speculation. & Merchant capitalism and the East Indian Company- p. 3-4 Fulcher & Production capitalism and the industrial industry- p. 6-9 Fulcher x Financial capitalism and futures- p. 10 and 13 Fulcher ¨ “Capital is money that is invested in order to make more money”- p.14 Fulcher — Wages paid to employees for their labor, the mobility of labor, and the role of wage labor in consumption- p.15-16 Fulcher r Markets being central to a capitalist society- p. 16 Fulcher — The importance of competition between enterprises and the reduction of competition- p.17 Fulcher o “…not just a means of making money through speculation but also a way of avoiding risk.”- p.17-18 Fulcher
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Paragraph Plans Capitalism is a economic system that can be illustrated through its merchant, productive, and financial forms and is defined by its characteristics of profit motive, competition for quality and efficiency, a free market, investment and exchange of ownership, and the availability of credit and its resulting banking system. •17th and 18th century long distance trade for profit/merchant form (Fulcher, 3-4) •Generation of desirable goods and industrial capitalism (Fulcher, 6-8) •Trading of futures, derivatives, stocks and bonds as financial capitalism (Fulcher,17) •Growth of currency trade as financial capitalism (Fulcher, 17) •Facets of capitalism (Sockett Lecture, Oct. 28th, 2009)
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What’s the point of Stage 5? Responding to an intellectual challenge and to model
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This note was uploaded on 03/05/2011 for the course GOVT 101 taught by Professor Mcfadden during the Fall '08 term at George Mason.

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Planning a Long Essay - Government 101-001 November 16,...

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