https://padlet.com/kip_chumba/l9hc2roz9tig Classical Liberal Capitalism, Marxism/Communism, Socialism, Keynesianism en-us 2018-09-24 13:54:51 UTC 2025-04-08 20:25:46 UTC hello@padlet.com https://padlet-assets.s3.amazonaws.com/icons/Balance.png kip_chumba https://padlet.com/kip_chumba/l9hc2roz9tig/wish/285028577  The people whose ideas contributed to classical liberalism are John Locke, Jean-Baptiste Say, Thomas Robert Malthus, and David Ricardo. It drew on the classical economic ideas espoused by Adam Smith in Book One of The Wealth of Nations and on a belief in natural law, utilitarianism, and progress. ]]> 2018-09-24 14:03:09 UTC https://padlet.com/kip_chumba/l9hc2roz9tig/wish/285028577 kip_chumba https://padlet.com/kip_chumba/l9hc2roz9tig/wish/285036077 The historical circumstances were the confrontation of the free institutions and values inherited from the Middle Ages with the pretensions of the absolutist state of the 16th and 17th centuries.]]> 2018-09-24 14:14:40 UTC https://padlet.com/kip_chumba/l9hc2roz9tig/wish/285036077 kip_chumba https://padlet.com/kip_chumba/l9hc2roz9tig/wish/285037277 A. Classical liberalism is a political philosophy and ideology belonging to liberalism in which primary emphasis is placed on securing the freedom of the individual by limiting the power of the government.

B. Personal freedom and limited government intervention 


C. The free market viewpoint defines economic liberty as the freedom to produce, trade and consume any goods and services acquired without the use of force, fraud or theft. This is embodied in the rule of law, property rights and freedom of contract, and characterized by external and internal openness of the markets, the protection of property rights and freedom of economic initiative.There are several indences of economic freedom that attempt to measure free market economic freedom. Based on these rankings correlative studies have found higher economic growth to be correlated with higher scores on the country rankings.

D. No

E. Yes


]]> 2018-09-24 14:16:27 UTC https://padlet.com/kip_chumba/l9hc2roz9tig/wish/285037277 kip_chumba https://padlet.com/kip_chumba/l9hc2roz9tig/wish/285499790 England is an example of this economy ]]> 2018-09-25 13:40:08 UTC https://padlet.com/kip_chumba/l9hc2roz9tig/wish/285499790 kip_chumba https://padlet.com/kip_chumba/l9hc2roz9tig/wish/285523312 Marxism, a body of doctrine developed by Karl Marx and, to a lesser extent, by Friedrich Engels in the mid-19th century. It originally consisted of three related ideas: a philosophical anthropology, a theory of history, and an economic and political program. There is also Marxism as it has been understood and practiced by the various socialist movements, particularly before 1914. ]]> 2018-09-25 14:04:52 UTC https://padlet.com/kip_chumba/l9hc2roz9tig/wish/285523312 kip_chumba https://padlet.com/kip_chumba/l9hc2roz9tig/wish/285527674 Our primary concern must be the fact that Marx's historical expectations, sometimes even prophecies, not only failed to come true in 125 years since he died, but also seem to be farther away from being fulfilled in these last decades than ever before. We could answer, with Badiou, that no scientific hypothesis can be definitely rejected until such a successor appears who would encompass and surpass it (like Einstein did with Newton ). This hasn't happened with Marxism, so it remains, as Sartre already put it back in the 1950s, the farthest horizon of every liberatory thought on social justice. I agree with both Badiou and Sartre, but here I would like to touch upon those characteristics of either Marx's system or Marxism that have so far been proven wrong. It’s gonna work it just needs more time

]]> 2018-09-25 14:09:59 UTC https://padlet.com/kip_chumba/l9hc2roz9tig/wish/285527674 kip_chumba https://padlet.com/kip_chumba/l9hc2roz9tig/wish/286041721 A. The government controls everything 
B. Nothing
C. No the government tells you what to do
D. No
E. No]]> 2018-09-26 14:17:31 UTC https://padlet.com/kip_chumba/l9hc2roz9tig/wish/286041721 kip_chumba https://padlet.com/kip_chumba/l9hc2roz9tig/wish/286055135 USSR is an example this economy]]> 2018-09-26 14:37:19 UTC https://padlet.com/kip_chumba/l9hc2roz9tig/wish/286055135 kip_chumba https://padlet.com/kip_chumba/l9hc2roz9tig/wish/286056972 The father of socialism is Karl Marx]]> 2018-09-26 14:40:15 UTC https://padlet.com/kip_chumba/l9hc2roz9tig/wish/286056972 kip_chumba https://padlet.com/kip_chumba/l9hc2roz9tig/wish/286059876 Karl Marx and Friedrich Engels made this point in Manifesto of the Communist Party(1848) when they proclaimed that in a socialist society “the condition for the free development of each is the free development of all.]]> 2018-09-26 14:44:22 UTC https://padlet.com/kip_chumba/l9hc2roz9tig/wish/286059876 kip_chumba https://padlet.com/kip_chumba/l9hc2roz9tig/wish/286062589 A. The government controls everything 
B. To be the richest so they can control their own lives
C. No only the rich
D. No
E. Only the rich]]> 2018-09-26 14:48:45 UTC https://padlet.com/kip_chumba/l9hc2roz9tig/wish/286062589 kip_chumba https://padlet.com/kip_chumba/l9hc2roz9tig/wish/286069269 Keynesian economics gets its name, theories, and principles from British economist John Maynard Keynes(1883–1946), who is regarded as the founder of modern macroeconomics. His most famous work, The General Theory of Employment, Interest and Money, was published in 1936.]]> 2018-09-26 14:58:24 UTC https://padlet.com/kip_chumba/l9hc2roz9tig/wish/286069269 kip_chumba https://padlet.com/kip_chumba/l9hc2roz9tig/wish/286071069 Keynesian economics is an economic theory of total spending in the economy and its effects on output and inflation. Keynesian economics was developed by the British economist John Maynard Keynes during the 1930s in an attempt to understand the Great Depression. Keynes advocated increased government expenditures and lower taxes to stimulate demand and pull the global economy out of the depression. Subsequently, Keynesian economics was used to refer to the concept that optimal economic performance could be achieved -– and economic slumps prevented – by influencing aggregate demand through activist stabilization and economic intervention policies by the government. Keynesian economics is considered a "demand-side" theory that focuses on changes in the economy over the short run.

]]> 2018-09-26 15:01:02 UTC https://padlet.com/kip_chumba/l9hc2roz9tig/wish/286071069 kip_chumba https://padlet.com/kip_chumba/l9hc2roz9tig/wish/286072732 A. The government lowers taxes to help stable the economy 
B. Nothing
C. Yes
D. No
E. Yes]]> 2018-09-26 15:03:25 UTC https://padlet.com/kip_chumba/l9hc2roz9tig/wish/286072732