world views Flashcards
an ideology refers to a core set of what?
of descriptive & normative beliefs
What is descriptive beliefs?
how the world really is
What is normative beliefs?
how the world should/ought to be
What is the equation of causality/causation?
X causes Y
What is the main sentence with X & Y?
if X had not happened, then Y wouldn’t have happened
According to Max weber, what is a state?
a state is a body of institutions that enjoy a monopoly on legitimate violence within a defined territory
According to Thomas Hobbes, are we better off with or without a state? (main sentence)
What legitimizes the state is that we are BETTER OFF living under a state than not
In the State of Nature, are there laws?
no laws
Why is it bad to live under a State of Nature?
State of Nature = no laws
b/c humans are selfish, we’ll do bad things whenever we think we can benefit.
+ no laws = no one to punish us (no police)
Why is it better to live under a state rather than a State of Nature?
better off with a law system/governement b/c although it could be limiting, it provides and fuels our freedom & autonomy
What is acollective action problem?
it’s a scenario where if each person acts in their individual best interest, everyone ends up worse off, then if everyine had acted differently
What is in my best interest?
best interest to betray
no matter what you do, I’m better off betraying than staying loyal
What is the outcome if everyone is selfish?
then everyone ends up worse off, then if poeple would have acted differently
Is the State of Nature a CAP?
yes
NEXT TOPIC:
SOCIALISM
Common Ownership involves what?
the tripartite rights of ownvership
Name all 3 rights of ownvership
usus
fructus
abusus
Define usus
you have the right to use and exclude (from others using it)
Define fructus
you have the right to own your proceeds (the fruit of your work)
Define abusus
you have the right to transfer the good or destroy it
Are communists for or against private property?
Against, they want to ABOLISH PP
Which 2 rights of ownership does it affect?
no fructus, no abusus
Why are communists AGAINST PP?
b/c it drives material inequality
How does it drive material inequality?
b/c the ones who uses their pp wisely, will acquire more property than others, driving material inequality
So does socialism want equality or no?
yes, socialism want EQUALITY everywhere
(so don’t like pp)
Do social democrates want to abolish the pp?
NO
How come social democrates don’t want to abolish the pp?
they would rather nationalize major industries
(monopolies are economically inefficient, since they’re immune to supply and demand)
In capitalism, prices reflect supply and demand, give the arrows and 2 key sentences to prove this
↑ supply, ↓ prices
↑ demand, ↑ prices
What do entrepreneurs seek most?
they seek to make money
How do entrepreneurs make good money?
they’ll tend to supply whatever goods are in most demand b/c price for goods are higher
So, in recap, capitalism tend to produce the goods that people _________
want most without anyone telling people what to make
Who is the governement in communism?
the central planning committee
What is the main thing happening in communism?
the government estimate what people want
So what is the main job of the governement?
to set prices and direct production
What are the 2 problems about this?
- people have heterogenous (different) preference
- they are no prices revealing supply & demand
According to Karl Marx, what does communism require?
the dictatorship of the proletariat
What is the dictatorship of the proletariat?
a dictator operating on the behalf of the working class
What do we call an “efficient” distribbution of resources?
Pareto optimal
What is the main sentence in regards to Pareto optimal situations?
it is impossible to make one better off without making another worse off
If you can improve someone without harming another, is this Pareto optimal?
NO ITS NOT
A common test for wheter an economy is allocatively efficient is whether the resource distribution is Pareto optimal. Give me one again the main sentence to prove that a situation is PO:
if the distribution is such that can’t improve one’s position without making another worse