Stage one
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Stage of demographic transition with high birth rate and high death rate
Hayek
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, -developed theory that freedom comes through open markets and limited
government
- limit to transaction between buyer and sellers
-the collective is always out to stifle innovation; government stands in the
way of progress (Ian Ren)
-privatization of things like education
-flaws: people lack sufficient knowledge, ignores negative externalities and
tragedy of the commons
Keynes
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-father of macroeconomics and behavioral economics
-believed markets were prone to failure
-when people stop spending money, government puts money into pockets
of people through tax cuts.
doubling time
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how long it takes a population to double (70 divided by the growth rate)
Citizens United v. FEC
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, Supreme Court case that ruled that there will be no limits on outside
spending. Corps can spend directly on campaigns.
subsidies
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sum of money granted by the government to assist an industry/business so
price of a commodity/service may remain low.
-creates positive externalities
-promotes innovation
-creates new industries and jobs for the future
-drawbacks: government "picks winners", opens system to political
contribution- industries use political and economic advantage to stay
around longer
Diamandis and Kotler
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- hierarchy of needs
- information and communication technology is necessary in world based
on innovation. Without them you cant participate and achieve health and
freedom (top level)
premodern source of identity
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Give this one a try later!
Stage of demographic transition with high birth rate and high death rate
Hayek
Give this one a try later!
, -developed theory that freedom comes through open markets and limited
government
- limit to transaction between buyer and sellers
-the collective is always out to stifle innovation; government stands in the
way of progress (Ian Ren)
-privatization of things like education
-flaws: people lack sufficient knowledge, ignores negative externalities and
tragedy of the commons
Keynes
Give this one a try later!
-father of macroeconomics and behavioral economics
-believed markets were prone to failure
-when people stop spending money, government puts money into pockets
of people through tax cuts.
doubling time
Give this one a try later!
how long it takes a population to double (70 divided by the growth rate)
Citizens United v. FEC
Give this one a try later!
, Supreme Court case that ruled that there will be no limits on outside
spending. Corps can spend directly on campaigns.
subsidies
Give this one a try later!
sum of money granted by the government to assist an industry/business so
price of a commodity/service may remain low.
-creates positive externalities
-promotes innovation
-creates new industries and jobs for the future
-drawbacks: government "picks winners", opens system to political
contribution- industries use political and economic advantage to stay
around longer
Diamandis and Kotler
Give this one a try later!
- hierarchy of needs
- information and communication technology is necessary in world based
on innovation. Without them you cant participate and achieve health and
freedom (top level)
premodern source of identity
Give this one a try later!
