Sign In
Not register? Register Now!
Essay Available:
3 pages/≈825 words
Check Instructions
Social Sciences
English (U.S.)
MS Word
Total cost:
$ 12.96

Briefly explain the ideas theories associated with economic liberalism (Essay Sample)


This is an exam for which I have to answer in 4 hours. 2 short paragraphs each don't worry about the 3 pages requirement I just chose it like that.. , using the attached files ONLY and cite after the statement (like lecture ...... , chapter .....) I attached the Assessment document too.
1. Briefly explain the ideas, concepts and theories associated with economic liberalism that were covered in class, the Commanding Heights documentary, and the Chapter entitled, "Laissez-Faire: The Economic Liberal Perspective." (30 points)
2. Each of the IPE perspectives has at its center a fundamental idea. What is central idea of mercantilism? What is the central idea of economic nationalism? Be sure to explain the difference between mercantilism and economic nationalism, as well as how their ideas were/are illustrated in their economic policies. (30 points)
3. Summarize the main contributions of Marxism to structuralism, as well as the essential characteristics of dependency theory and modern worlds system theory, as discussed in class. (40 points)
Thank You


QUESTION 1: Briefly explain the ideas, concepts, and theories associated with economic liberalism that was covered in class, the commanding heights documentary, and the chapter entitled ‘Laisserz-Faire: The Economic Liberal Perspective,’
Economic liberalism is both an economic and sociopolitical issue. It is anchored on the principles of personal freedom and liberty to own, sell, or transact property, in an environment where there is limited government interventions or regulations: it is characterized by open market s and free trade. The concept of capitalism and self-interest constitute the fundamental driving force behind economic liberalism in markets. The self-interest boosts economic activity through resource distribution, which enhances society’s welfare. The desire to own property leads to a strong desire to adopt the effective use of resources, which leads to betters innovation and lower prices (IR 206; Economic liberalism Slides, slide 6).
Due to liberalism in the markets, there is more likelihood of competition, which is attributed to the desire to pursue self-driven interests; this competition, coupled with innovation, brings a wider base of preferences and choices.

Get the Whole Paper!
Not exactly what you need?
Do you need a custom essay? Order right now:

Other Topics:

  • Essay questions Social Sciences Essay Examination Paper
    Description: Kant’s theory of ethics is an example of deontological belief. The theory argues that the rightness or the wrongness of an action is not in the consequences but rather on the moral duty of an individual. Kant’s theory emphasizes the existence of a supreme law which is that of good will. He goes ahead...
    3 pages/≈825 words | Other | Social Sciences | Essay |
  • Sexual Lubricants at Walomart Social Sciences Essay
    Description: Disputes on the production of sexual lubricants have been questioned throughout the ages. Some people argue that its production only encourages premarital sex. However, this idea is opposed by many liberals, especially in Westernized countries. For these people, pleasure...
    2 pages/≈550 words | Other | Social Sciences | Essay |
  • Philosphy. Where is the “eternal law vs. postive law.”
    Description: Subjectivists argue that there is not an underlying standard of judgement than the individual's perception and ideas in themselves. In subjectivism, whoever instigates a genocide can be considered moral if his feelings of certain societal matters motivated him or her. ...
    3 pages/≈825 words | Other | Social Sciences | Essay |