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Essay / Research Paper Abstract
A 15 page paper discussing the economic philosophies and political consequences of economists such as Kant, Smith, Hayek, Marx, Polanyi and Keynes in terms of globalization. There is intense irony in the differences in situations between more laissez faire-leaning economies and those adhering closely to Marxian views of collectivism. Though Marx claimed to favor the working class, the all-controlling state essentially prevents anyone from breaking free of the working class. Where Smith's self-interest is able to operate freely, individuals are better able to collectively improve economic conditions for the entire society. Bibliography lists 13 sources.
Page Count:
15 pages (~225 words per page)
File: CC6_KSglobPhilo.rtf
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Unformatted sample text from the term paper:
and traditions directly affect every nations ability to take part in the still-emerging global economy. Whereas Englands trade with other countries has been a part of its history for
centuries, Chinas capitalist "experiment" could take place only after the death of chairman Mao. The socialist-leaning nations of South America fail to find lasting economic prosperity; nations led by
dictators never do. The purpose here is to assess the political consequences of economists such as Kant, Smith, Hayek, Marx, Polanyi and Keynes. Philosophers
Interestingly, Kant, Smith and Hayek are referred to as "liberals," though in the political system of the United States at least, they would be condemned in the current
economic climate as being "heartless," profit-driven conservatives who prefer to allow the "invisible hand" of capitalism to provide for the well-being of the people. Current political liberalism in the
US is more favorable toward the philosophy of John Rawls (Justice as Fairness) than to that of any classic economic liberal. Regardless of the semantics gap in the use
of the word, the philosophies of Kant, Smith and Hayek have directly contributed to current mainstream views of globalization and the role of the transnational corporation. Immanuel Kant
Kants bottom-line position is that individuals should act from the "categorical imperative." That is to say that they should decide on what action to
take as though they could, through their will, cause their actions to become universal law. Kant held that only those things that have
been experienced absolutely can be known. Conversely, those "things lying beyond experience, noumena, are unknowable, even though in some cases we assume a priori knowledge of them" (Immanuel Kant,
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