Source analysis

Source analysis

• 1.
  Source analysis<br/>Source 1<br />Compatible with Keynesian Economics and Modern Liberalism
• 2.
  People cannot trulypursue happiness unless government funds social organizations that prevent debt, poverty and hunger.
• 3.
  Reference to capitalismwhen stating that “individuals cannot be free unless they accept that government must have some influence in market- author supports modern liberalisms principle of welfare capitalism. Government must provide a safety net to prevent poverty and debt.
• 4.
  Welfare state raisestaxes when time is good and pumps money into market when times are bad. Keynesian economics.
• 5.
  Opposes classical liberalismin the sense that he is supporting government involvement in economy. Regulated capitalism- modern liberalismSource 2<br />Criticizing socialism and left-wing ideologies. Taking from the rich and giving to the poor.
• 6.
  Conservative background byacknowledging difference in classes by the haves and have-nots
• 7.
  Refers to socialistideals as child like and impossible “socialists assume production of goods is occurring by magic”
• 8.
  Hierarchal systems workand human labor is the only way to produce goods.
• 9.
  Compatible for classicalliberalism- rejects government involvement in marketSource 3<br />Making a mockery of capitalism
• 10.
  Rich men inthere well-furnished and elaborate home discussing the recent economic boom.
• 11.
  Capitalist ideology- byquestioning the importance of a boom if it benefits everyone, even the poor
• 12.
  Conservative and capitalistin that everyone is benefitting and no one wins
• 13.
  Capitalist based oncompetition and individualism- must be a winner or loser
• 14.
  If no onewins, then no one is succeeding and so no specific person (man in cartoon) are winning. Relates to classical liberalism in the fact that it is staying true to values of capitalism and encouraging individualism and promoting self values over others.Relationship<br />Government involvement in economy and the benefits of capitalism.
• 15.
  Each addresses aview of whether or not government should be involved in economy.
• 16.
  Source one: classicalliberalism is rejected- government needs to be involved to protect individuals so they can appropriately pursue their own personal success and capitalism should run the market with occasional intervention from gov to make market fair (welfare capitalism)
• 17.
  Source two andthree: classical liberalism is pursued – no government involvement and capitalism and private companies should run market. Address self-interest.
• 18.
  Source one- authorsconverned with pursuit of happiness and self-interest . by having the government provide social and economic programs; source ii embraces self interest prevents the spread of hunger and poverty around the world; source three promotes self interest as a necessity of capitalist ecnomy and a policy of high importance.