Unformatted text preview: produce. Results in a black-market. Command economies are dependent on black markets. Adam Smith: Beginning of Industrialization of England, Aristocrats should have less control over market, while merchants should have more. Individualism Exceptions for Adam Smith: There must be a government/ military; there must be enforceable contracts, and such things public maintenance. Necessary evils. For Freidman: Why the top 1% in the US has increasing percentage of wealth: They made the right choices. Freidman wouldn’t be opposed to a figure like Ford, but what he wouldn’t like is that government usually has a big role in the sustaining of Fordism (Keynesian policies) Big business, big government. -Post Fordism, rather than having big assembly line in Detroit, you spread it out across the globe. (Spatial fix) Easier to manipulate wages....
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- Spring '08
- OPEC, GAS PRICES, 1973 oil crisis, Price of petroleum, Middle Eastern countries