Critical examination of the relationship between three political perspectives (libertarian, liberal and radical) and democratic capitalism.
The purpose of this course is to provide an in-depth introduction to the political economy of democratic capitalism. This course will begin by examining the economic principles of and justifications for the self-regulating market as well as critiques of capitalism and rationalizations for intervention and regulation of free market economies. As we shall see, democracy and capitalism tend to go hand in hand, but there is a great deal of variation in how much democratic governments are willing to intervene into free markets. We will examine the similarities and differences across advanced democracies and compare how much democracies shape economic outcomes, as well as the degree to which markets and economic factors shape democratic institutions and processes. Finally, we will focus on the welfare state which plays a critical role in maintaining stability in democratic and capitalist systems.
Student learning goals
General method of instruction
Lecture. Some video
Class assignments and grading
One midterm, one fianl and a critical book review.
Written assingments and participation.