Economical Ideologies

Question 1

Manorialism (Neoclassicism)

Answer 1

• economic org by uniting workers/owners in obligation to defend land
• response to desire for unity
• St. Augustine said people have responsibility to use possessions for good
• collectivist paradigm (inequality of outcome)
• fiscal regulation heavy (little public property)
• inequality divinely given
• productive force is agriculture (individual)
• work motive is your responsible to others (Noble-vassals-villens)

Question 2

Capitalism (Romanticism)

Answer 2

• economic org by uniting owners/workers by contract
• response to Manorialism failure to respect property/profit
• Adam Smith said market mechanism (supply/demand)
• individualist paradigm (equality of opportunity)
• fiscal regulation is little (protect private property/profit)
• inequality individual idleness
• productive force is small business (individual)
• work motive was competition (patricians-entrepreneurs-workers)

Question 3

Plutocracy (Realism)

Answer 3

• economic org by uniting wealth and political power by influence
• response to capitalism failure to fully reward
• William Mallock said economy needs expectation of reward
• individualistic paradigm (inequality of outcome)
• fiscal regulation is little (privatize all goods)
• inequality natural because they take the consequences of failure
• work motive is competition (monopoly)

Question 4

Socialism (Naturalism)

Answer 4

• economic org based on common ownership
• response to plutocracies reward of greed
• Friedrich Engles said revolution from below may be need
• collectivist paradigm (equality of outcome)
• fiscal regulation is heavy (public control of property)
• inequality not natural
• productive force are worker-managed industry
• work motive is collective decisions (Bourgeoisie-intelligentsia-proletariat)

Question 5

Mutualism (Symbolism)

Answer 5

• economic org by individualizing and privatizing production
• response to socialism neglecting individual interests
• Pierre-Joseph Proudhon said possession is nothing more than what is produced
• individualist paradigm (equality of opportunity)
• fiscal regulation is little (private property exchanged locally)
• inequality not natural
• work motive is cooperative (cost limit of price, charge = labor) (associations-artisians-farmers)

Question 6

War Economy

Answer 6

• economic org by mobilizing for destruction not production
• response to mutualisms communal obligation and inefficiency
• Bernard M. Baruch said mobilize all men, organize and meet all needs
• collectivist paradigm (inequality of outcome)
• fiscal regulation is heavy (private property co opted)
• inequality is natural
• work motive is cooperative (command) (Service-civillian-enemy)