WebInternational relations theory is the study of international relations (IR) from a theoretical perspective. It seeks to explain causal and constitutive effects in international politics. Ole Holsti describes international relations theories as acting like pairs of coloured sunglasses that allow the wearer to see only salient events relevant to the theory; e.g., an adherent …

WebModern Monetary Theory or Modern Money Theory (MMT) is a heterodox macroeconomic theory that describes currency as a public monopoly and unemployment as evidence that a currency monopolist is overly restricting the supply of the financial assets needed to pay taxes and satisfy savings desires. MMT is opposed to the mainstream understanding of …

WebFeb 18, 2018 · This is an excerpt from International Relations Theory – an E-IR Foundations beginner’s textbook.Download your free copy here.. Liberalism is a defining feature of modern democracy, illustrated by the prevalence of the term ‘liberal democracy’ as a way to describe countries with free and fair elections, rule of law and protected civil …

WebNov 16, 2022 · Third, Henderson stressed, economic liberalism in the 20th century’s closing decade had not shaken off a “chronic weakness.” “In most if not all countries,” he stated, “majority opinion remains hostile to the idea of what is termed ‘leaving it to the market,’ and ready still to accept and endorse a much wider role for government ...

WebIn A Theory of Justice, Rawls argues that the moral and political point of view is discovered via impartiality. (It is important to note that this view, delineated in A Theory of Justice, has undergone substantial revisions by Rawls, and that he described his later view as “political liberalism”.) He invokes this point of view (the general ...

WebThe term “liberalism” should be understood in its historical context. Classical liberalism emphasized liberty from government regulation. In the economic context this would include the elimination of restriction on the choice of occupations or transfers of land. Liberalism asserts that self-interest is a basic component of human nature.

WebMar 27, 2001 · Libertarianism and economic liberalism represent minimalist positions in relation to distributive justice. Citing Locke, they both postulate an original right to freedom and property, thus arguing against redistribution and social rights and for the free market (Nozick 1974; Hayek 1960). ... The Theory and Practice of Equality, Cambridge ...

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WebSocial justice is justice in terms of the distribution of wealth, opportunities, and privileges within a society. In Western and Asian cultures, the concept of social justice has often referred to the process of ensuring that individuals fulfill their societal roles and receive their due from society. In the current movements for social justice, the emphasis has been on …

WebA primary theory in this vein is the debt deflation theory of Irving Fisher, which he proposed to explain the Great Depression. A more recent complementary theory is the Financial Instability Hypothesis of Hyman Minsky, and the credit theory of economic cycles is often associated with Post-Keynesian economics such as Steve Keen.