American Heritage Flashcards
Plato
Philosopher kings. Against democracy and tyranny. Ring of Gyges
Ring of Gyges
When people are left to do as they please (invisible), they’ll be evil
Aristotle
Aristocracy. Most excellent rule with consent. Government instills virtues
Pericles
first Athenian democracy
St. Augustine
“City of God” ruled by church leaders
Thomas Moore
“utopia”. religious freedom and education
Rousseau
people are inherently good, corrupted by government
Humes
Collective Action Problem. People work towards self interest, but working together benefits everyone
Rawls
Veil of Ignorance. Creators of government should make the government not knowing where they are going to end up in it. Good govt for EVERYONE
Adam Smith
“Wealth of Nations”. Mercantilism is bad, decentralized markets. Focus should be on consumption
Thomas Hobbes
Humans are inherently evil, need a government to keep them in check
2nd Treatise #1
In a state of nature, all humans are created equal
2nd Treatise #2
In order to create a union, people must give up some rights
2nd Treatise #3
Government exists to protect the rights of the people
2nd Treatise #4
People give consent to the government to be governed
2nd Treatise #5
People have right to abolish the government if government fails to do its job
Rule of Law
Generality, Consent, Prospectivity, Publicity, Due Process
Generality
Rules apply to everyone
Consent
People give their consent to be governed
Publicity
Laws are made public
Prospectivity
Laws don’t apply to past events
Due Process
Like generality. Everyone is treated equally in court
Trustee model of Representative
goes with personal morals
Delegate model of Representative
goes with constituents
Party model of Representative
goes with political party
Glorious Revolution
revolution where King William and Queen Mary were removed bloodlessly from the throne. Americans saw it as power of the people
Corporate Communities
Want $$$. Jamestown. House of Burgesses
Covenant Communities
Want religious freedom. Plymouth, pilgrims. Mayflower compact
Mix between Covenant and Corporate communities
Want to reform church. Massachusetts Bay Colony
Stamp Act
Taxation without Representation
Ingredients to a successful revolution
Unified cause, self-governing history, Distance, Virtue and Interest, Rule of Law, Economics
Constitution of Knowledge
Knowledge is general and available to everyone. Goes through “funnel of credibility”
Decentralized Government
Power is spread out to the people
Centralized Government
Power is centralized. held by few people
Akhil Amar
Freedom of speech. People should speak with other about differing views
Law of Supply
As prices increase, supply goes up
Law of Demand
As prices increase, demand goes down
Equilibrium Price
Point where supply and demand meet
Comparative Advantage
Person who has lowest opportunity cost in something
Absolute Advantage
Person has lowest opportunity cost for both things in trade
Principal Agent Problem
People aren’t knowledgeable in politics, but agent is. Problem is if agent is trustworthy
Economic Signals
Prices (consumers) and Profits (producers)
Opportunity Cost
cost of whatever you’re giving up
Trade off
trade benefits everyone
Invisible Hand
Economy runs without a central force.
1st Amendment
Freedom of speech, religion, press, petition, assembly
2nd Amendment
right to bear arms
3rd Amendment
no quartering troops in houses
4th Amendment
searches and seizures
5th Amendment
grand jury, double jeopardy, self incrimination, due process, private property can’t be taken without compensation