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Government Power and Individual Rights

Government Power and Individual Rights

The ratification debate began with a shared problem: the Articles of Confederation had not given the union a dependable way to raise revenue, regulate commerce among the states, or make national decisions effective. Federalists and Anti-Federalists did not disagree because one side wanted government and the other wanted none. Both cared about republican government. They […]

Types of Democracy: Participatory, Pluralist, and Elite

Types of Democracy: Participatory, Pluralist, and Elite

Theories of democracy explain who influences public decisions and how preferences become policy. A majoritarian account emphasizes responsiveness to the numerical majority. Pluralism emphasizes competition and bargaining among organized groups. Elite theory emphasizes durable control by a comparatively small, advantaged group. Participatory democracy values broad, continuing citizen involvement, while deliberative democracy emphasizes inclusive reason-giving through […]

Natural Rights and Social Contract Theory

Natural Rights and Social Contract Theory

Factor markets and policy compare private with social value

Factor markets and policy compare private with social value

Firms connect production, cost, and revenue

Firms connect production, cost, and revenue

Markets coordinate plans through price

Markets coordinate plans through price

Choice begins with opportunity cost and the margin

Choice begins with opportunity cost and the margin

One firm’s curve is not the market curve

One firm’s curve is not the market curve

Short run is not long run

Short run is not long run

Revenue is not profit and transfer is not loss

Revenue is not profit and transfer is not loss

Marginal is not average or total

Marginal is not average or total

Movement is not shift

Movement is not shift