Wednesday, July 05, 2006

back in class. Political Economy

Def: "social laws of protection and distribution". It's great yet tiring to be back in class. I'm in this intensive 3 days a week, 3 week course called Political Economy in the Welfare State taught by Charles Meth. Today, we are reviewing theoretical aspects of the welfare state: objectives such as efficiency, reducing inequality, social integration and administrative feasibility (book by Nicholas Barr). Also reviewing ideologies of libertarian, liberal and socialist theories. Interesting quote from the instructor of capitalism - "goals of creative destruction". thought to ponder. Socialism looks at trying to ameliorate the worst effects of capitalism. According to socialism, capitalism is this inevitable place that causes inequality as it exploits modes of production for goods to sell. Someone will get the short end of the stick unfortunately, but how can one make this as least inequal as possible.

I've got two papers to write: first is on the "spirit of ubuntu" or the South African ideal of solidarity and the second paper on evidence-based policy formation... apparently there is little information on either topics so YEA! I guess I should probably start researching now. Let me know if you have any leads.

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