Chapter 2 Flashcards
Socialism
The government owns part of the means of production ; healthcare, school systems, etc
Anarchy
The absence of government
Communism
The government controls all means of production
- no private property
- no incentive for improvement
Democracy
The people run the government
-capitalistic
Monarchy
Absolute: king holds complete power
Constitutional: the king and people share power
5 factors of production
Land Labor Capital Entepreneurship Technology
4 basic economic questions
What should be produced?
How much should be produced?
What methods should be used?
How should these goods and services be distributed?
The Magna Carta
- an attempt to limit kings authority
1. The right to trial by jury
2. The right to due process of law
3. No taxation without consent
English common law
The practice of judges basing their decisions on previous cases.
- all men are equal under law
- life, liberty, and property cant be taken illegally
Niccolo Machiavelli
Wrote the PRINCE
- discusses what it takes to make an effective govt
- successful govts are those in which the citizens feel a patriotic attachment to the govt
- govt acts in their own self Intrest
Bishop Bossuet
Political Ideas Derived from the Very Words of Holt Scripture
- royal absolutism
- the king is gods representative on earth
King James I
Free Law of Free Monarchy
- compares relationship of king and the people to a family
- the king doesn’t answer to the people but only God
Jean Bodin
Six Books Of the Republic
- in every country there must be a supreme power
- the king must be constrained by natural law
Legis Summi Imperi
“Salic Law”
- no women can rule
English Petition of Rights
King could NOT
- levy taxes
- imprison someone w/o a specific charge and w/o provision for a jury trial
- quarter soldiers in private homes without the consent of the owners