Thursday, January 11, 2018
E2 INDIVIDUALS AND BUSINESSES IN FREE MARKETS: 12.E3b The government’s evolving role in protecting property rights, regulating working
conditions, protecting the right to bargain collectively, and reducing discrimination in the
workplace has attempted to balance the power between workers and employers. This role
shifts in response to government’s need to stimulate the economy balanced against the need to
curb abusive business practices.
12.E3c The freedom of the United States economy encourages entrepreneurialism. This is an
important factor behind economic growth that can lead to intended consequences (e.g., growth,
competition, innovation, improved standard of living, productivity, specialization, trade,
outsourcing, class mobility, positive externalities) and unintended consequences (e.g.,
recession, depression, trade, unemployment, outsourcing, generational poverty, income
inequality, the challenges of class mobility, negative externalities.).
12.E3d A degree of regulation, oversight, or government control is necessary in some markets
to ensure free and fair competition and to limit unintended consequences of American
capitalism. Government attempts to protect the worker, ensure property rights, and to regulate
the marketplace, as well as to promote income equality and social mobility, have had varied
results.
Plan of the Day:
1. Return papers. Discussion on conventions: Written and Social/Professional. Defining the Entrepreneurial Spirit
2. Regarding the Zimbardo video: How does the concept of "availability" influence our decision making?
3. Regarding the reading due today, from the Harvard Crimson:
a) What is the main admonition the author has for people today, especially young people?
b) How do YOU propose we balance the scales between state regulation and voluntary cooperation?
c) What is your current perception of the United States Constitution ? What is its purpose? What is its intent?
d) What is your perception, currently, of the United States Constitution in regard to its being a fulcrum between the wishes of the state and the wishes of the people (the free market)?
4. On a sheet of paper; briefly but clearly explain what point, overall, Dr. Walter E. Williams is trying to get across?
REVIEW from prior day:
Read for Thursday: Harvard Student Discusses Communism
Be sure to read this article for discussion and written reflection on Thursday.
Consider: When we advocate for and achieve state involvement in an issue, what are we really allowing? What is the difference between voluntary cooperation and coercion? Why do Liberty and voluntary cooperation require a fixed set of rules to be successful?
Watch: What is a Right? Dr. Walter E. Williams
Slipping toward Totalitarianism - Dr. Walter E. Williams
The Purpose of a Constitution - Dr. Walter E. Williams
Reminder: Substitution reports are due on Friday.
conditions, protecting the right to bargain collectively, and reducing discrimination in the
workplace has attempted to balance the power between workers and employers. This role
shifts in response to government’s need to stimulate the economy balanced against the need to
curb abusive business practices.
12.E3c The freedom of the United States economy encourages entrepreneurialism. This is an
important factor behind economic growth that can lead to intended consequences (e.g., growth,
competition, innovation, improved standard of living, productivity, specialization, trade,
outsourcing, class mobility, positive externalities) and unintended consequences (e.g.,
recession, depression, trade, unemployment, outsourcing, generational poverty, income
inequality, the challenges of class mobility, negative externalities.).
12.E3d A degree of regulation, oversight, or government control is necessary in some markets
to ensure free and fair competition and to limit unintended consequences of American
capitalism. Government attempts to protect the worker, ensure property rights, and to regulate
the marketplace, as well as to promote income equality and social mobility, have had varied
results.
Plan of the Day:
1. Return papers. Discussion on conventions: Written and Social/Professional. Defining the Entrepreneurial Spirit
2. Regarding the Zimbardo video: How does the concept of "availability" influence our decision making?
3. Regarding the reading due today, from the Harvard Crimson:
a) What is the main admonition the author has for people today, especially young people?
b) How do YOU propose we balance the scales between state regulation and voluntary cooperation?
c) What is your current perception of the United States Constitution ? What is its purpose? What is its intent?
d) What is your perception, currently, of the United States Constitution in regard to its being a fulcrum between the wishes of the state and the wishes of the people (the free market)?
4. On a sheet of paper; briefly but clearly explain what point, overall, Dr. Walter E. Williams is trying to get across?
REVIEW from prior day:
Read for Thursday: Harvard Student Discusses Communism
Be sure to read this article for discussion and written reflection on Thursday.
Consider: When we advocate for and achieve state involvement in an issue, what are we really allowing? What is the difference between voluntary cooperation and coercion? Why do Liberty and voluntary cooperation require a fixed set of rules to be successful?
Watch: What is a Right? Dr. Walter E. Williams
Slipping toward Totalitarianism - Dr. Walter E. Williams
The Purpose of a Constitution - Dr. Walter E. Williams
Reminder: Substitution reports are due on Friday.
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