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Y.C. Richard Wong

Economic concepts often give a fresh and unobvious perspective when applied to the study of how the state, law, and the economy functions and are interrelated. This course teaches students essential economic concepts in an intuitive manner relevant to the study of political economy. Part One of the course is focused on developing the essential economic concepts. These are then applied to the study of the nature of the liberal democratic state and why it has to be a limited state in contrast to a populist democratic one.

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Economic concepts often give a fresh and unobvious perspective when applied to the study of how the state, law, and the economy functions and are interrelated. This course teaches students essential economic concepts in an intuitive manner relevant to the study of political economy. Part One of the course is focused on developing the essential economic concepts. These are then applied to the study of the nature of the liberal democratic state and why it has to be a limited state in contrast to a populist democratic one.

Topics include the contractual nature of the state, public versus private goods, property rights and economic externalities, the logic of collective action, social choice theory, agenda control, the art of manipulation, and the compatibility of two ideas of liberty with the democratic state.

The use of interdisciplinary materials, empirical inference, game theoretic simulation, and cross-referencing with political philosophies and well-known historical cases, provide students an opportunity to connect different perspectives and deepen their understanding of the democratic state in a free society using economic concepts.

The economic concepts developed in Part One of the course will continue to be useful in the other three parts. Part Two covers the nature of the authoritarian state and party rule, rent seeking activity and its economic consequences, and interrelationships between democracy and economic growth. Part Three covers rule of law and their legal origins, consequences of legal origins for growth, law or state as determinants of economic growth, and transition from dictatorship to democracy and their permanence. Part Four is a study of nature of politics in pre-industrial states with examples drawn from China, Europe, the Islamic world, and India. We also discuss the relevance and limitations of the economic approach to the study of law and politics.

以經濟概念研究國家、法律和經濟作用,與及如何相互關聯時,往往產生一種新鮮但不明顯的觀點。 本課程以與政治經濟學研究相關的直觀方式教授學生基本經濟概念。 課程的第一部份著眼於發展基本經濟概念,然後將這些應用於研究自由民主國家的性質,以及為什麼它必須是一個有限的國家,而不是民粹主義的民主國家。

主題包括國家的契約性質,公共與私人物品,財產權和經濟外部性,集體行動的邏輯,社會選擇理論,議程控制,操縱藝術,以及民主國家的兩種自由觀念的兼容性。

跨學科材料的使用,經驗推理,博弈論模擬以及與政治哲學和著名歷史案例的交叉參照,使學生有機會利用經濟概念將不同的觀點聯繫起來,加深對自由社會中民主國家的理解。

本課程第一部份所談及的經濟概念在其他三個部份亦會談及。 第二部份研究威權國家和政黨統治的性質,尋租活動及其經濟後果,以及民主與經濟增長之間的相互關係。 第三部份包括法治及其法律淵源,法律淵源對發展的影響,法律或國家作為經濟發展的決定因素,以及從獨裁到民主的過渡及其永久性。 第四部份是對成為工業國家以前的政治性質的研究,其中的例子來自中國,歐洲,伊斯蘭世界和印度。 我們還討論了從經濟學角度研究法律與政治的相關性和局限性。

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Learning objectives

  • To understand how collective decisions are made with the use of economic concepts.
  • How the emergence of states in facilitating collective decisions have reduced incidences of violence and improved human welfare.
  • How economic concepts can be applied to tackle problems and conflicts, for example, through well-defined property rights, use of rule-based methods, voting rules, etc.
  • The application of the theory of social choice to illuminate the liberal and populist interpretation of voting and the relationship with theories of liberty and democracy.
  • Learn how actual politics can be viewed as the use of heresthetics or the art of manipulation to achieve political objectives.
  • 了解如何使用經濟概念作出集體決策。
  • 國家的出現如何促進集體決策、減少暴力事件並改善了人類福祉。
  • 如何應用經濟概念來解決問題和衝突,例如,通過明確的產權,使用基於規則的方法,投票規則等。
  • 應用社會選擇理論來闡明自由主義和民粹主義對投票的解釋以及與自由和民主理論的關係。
  • 了解如何將實際政治視為使用美學或操縱藝術來實現政治目標。

Syllabus

Week1: Some Methodological Issues and Collective Choice Lectures 1 and 2 consider some specific concerns in applying economic analysis to the study of collective action, namely, (1) the rationality assumption, (2) the use of simplifying models, and (3) the problem of the fallacy of composition in studying collective action. Then we will explore the contractual nature of the state. We consider why the sum of individual choices is not collective choice. The reasons for collective choices are to achieve allocative efficiency and redistribution.
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Week2: Pure Public Goods and Coase TheoremLecture 3 and 4 utilizes game theory to explain how the structure of payoffs characterizes political choices, including the provision of public goods. We then learn how market externalities can be corrected through collective action and consider the implications of the Coase theorem for public intervention.
Week3: Violence and the Origins of the State and Wisdom of PhilosophersLecture 5 and 6 considers how the emergence of state institutions with human civilization has reduced violence and life loss. The purpose of moral and political philosophies, from Plato and Aristotle to Locke, Rousseau, and Marx has sought to find practical or ideal political arrangements where humankind can live together in peace and flourish.
Week4: Two Concepts of Liberty, Theory of Social Choice and the Theory of DemocracyLectures 7 and 8 introduce two concepts of liberty: negative and positive liberty. The two interpretations of liberty are then related to liberal versus populist democracy through the application of social choice theory. We examine how when applied to voting and the design of political institutions, social choice theory provides a new perspective on the just society considered by political philosophers from Plato to Marx.
Week5: The Art of Political ManipulationLecture 9 studies how heresthetics—the use of rhetoric and strategic structuring of social choice—is used to achieve a desired political outcome. The example of Abraham Lincoln in ending slavery is used as an illustration.
第一週:方法論與集體選擇第1和第2課是關於將經濟分析應用於集體行動研究的一些具體問題,即(1)合理性假設,(2)簡化模型的使用,(3)研究集體行動產生的謬誤問題;進而探討國家的契約性質;為什麼個人選擇的總和不等如集體選擇;集體選擇是為了取得配置效率和再分配。
第二週:純公共物品和高斯定理第3和第4課利用博弈論來解釋支付結構如何突顯政治選擇,包括提供公共物品。 然後,我們將了解如何透過集體行動糾正市場外部性,並研究高斯定理對公眾干預的影響。
第三週:暴力與哲學家的國家和智慧的起源第5和第6課關於人類文明國家機制的出現如何減少暴力和人命傷亡。 道德和政治哲學的目的,從柏拉圖和亞里士多德到洛克,盧梭和馬克思,都尋求找到實際或理想的政治安排,使人類能夠和平共存共榮。
第四週:兩種自由概念,社會選擇理論和民主理論第7和第8課介紹兩種自由概念:消極和積極自由。 然後,透過應用社會選擇理論,自由的兩種解釋與自由主義與民粹主義的民主產生關連。 我們研究社會選擇理論如何在應用於投票和政治制度的設計上,為從柏拉圖到馬克思的政治哲學家所考慮的公正社會提供了新的視角。
第五週:政治操控的藝術第9課引用亞伯拉罕林肯結束奴隸制的例證,研究如何利用修辭學和社會選擇的戰略結構來實現理想的政治結果。

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Know what's good
, what to watch for
, and possible dealbreakers
Develops critical thinking skills related to governance, suitable for those seeking deeper political expertise
Taught by Y.C. Richard Wong, a recognized expert in political economy
Explores economic models, theories, and political philosophy for a deeper understanding of modern politics
Covers classical and contemporary perspectives on the nature and role of the state
Requires knowledge of basic economic concepts and strong analytical skills
Focus on applications leans towards students interested in careers involving government or policy

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Activities

Be better prepared before your course. Deepen your understanding during and after it. Supplement your coursework and achieve mastery of the topics covered in State, Law and the Economy I with these activities:
Review *The Calculus of Consent* by James Buchanan and Gordon Tullock
Reviewing this seminal work by Buchanan and Tullock will deepen your understanding of how economists apply the concepts of rational choice.
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  • Read Introduction and Chapter 1
  • Summarize the authors' main arguments
  • Consider how these ideas are relevant to the study of political economy
Create a decision tree for a hypothetical public policy scenario
Creating decision trees will help you apply the concepts of rational choice to real-world situations.
Browse courses on Public Policy Analysis
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  • Identify the relevant factors and outcomes involved
  • Map out the possible paths and consequences of each decision
  • Evaluate the potential trade-offs and risks associated with each choice
Participate in a study group to discuss course readings and concepts
Engaging with your peers in a study group will provide a supportive environment for learning and understanding.
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  • Find or form a study group
  • Meet regularly to discuss course material
  • Collaborate on assignments and projects
Five other activities
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Explore interactive simulations and tutorials on economic modeling
Engaging with hands-on tutorials will reinforce the principles of economic modeling and analysis.
Browse courses on Economic Modeling
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  • Identify reputable online resources
  • Follow the tutorials and experiment with different model parameters
Participate in online discussion forums related to political economy
Joining online discussions will provide you with diverse perspectives and insights on the topics covered in this course.
Browse courses on Political Economy
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  • Search for relevant forums or discussion groups
  • Actively participate in discussions
  • Engage with other participants
Attend virtual workshops on economic research methods
Attending workshops will provide you with hands-on training and insights into practical research techniques.
Browse courses on Data Analysis
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  • Identify relevant workshops
  • Register for and attend the workshops
  • Engage with the presenters and participants
Create a visual representation of the main economic concepts covered in this course
Visualizing economic concepts will aid your comprehension and retention of the material.
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  • Choose a visual format
  • Identify the key concepts to be represented
  • Create a visually appealing and informative representation
Write a short essay analyzing how economic concepts can be applied to a contemporary political issue
Writing an essay will allow you to synthesize your understanding of economic concepts and their applications in the real world.
Browse courses on Political Economy
Show steps
  • Choose a contemporary political issue
  • Research and gather relevant economic data and literature
  • Develop a thesis statement
  • Analyze the issue in depth
  • Present your conclusions

Career center

Learners who complete State, Law and the Economy I will develop knowledge and skills that may be useful to these careers:
Economist
Economists use economic principles to analyze and solve economic problems. Taking this course in State, Law and the Economy I will be beneficial for people in this career because it helps build a foundation in economic concepts and their application to real-world problems. The course covers topics such as collective decision-making, the role of the state in facilitating collective action, and the use of economic concepts to tackle problems and conflicts.
Policy Analyst
Policy analysts use research and data to inform policy decisions. This course in State, Law and the Economy I will be helpful for a Policy Analyst as it provides a framework for understanding how economic concepts can be applied to policy decisions. The course covers topics such as the role of the state in the economy, the allocation of resources, and the impact of government policies on economic growth and development.
Management Consultant
Management consultants advise businesses and organizations on how to improve their performance. Taking this course will be helpful for someone in this career because it will help develop their analytical and problem-solving skills. It develops knowledge in public versus private goods, property rights and economic externalities, the logic of collective action, and social choice theory.
Financial Analyst
Financial analysts provide investment advice to individuals and organizations. Taking this course in State, Law and the Economy I will be beneficial to those in this career because it helps develop their analytical and problem-solving skills. The course covers topics such as the role of the state in the financial system, the regulation of financial markets, and the impact of economic policies on financial markets.
Professor
Professors teach and conduct research in their field of expertise. Those interested in this career may take this course in State, Law and the Economy I as it provides a foundation in economic concepts and their application to real-world problems. The course covers topics such as the role of the state in the economy, the allocation of resources, and the impact of government policies on economic growth and development.
Lawyer
Lawyers advise clients on legal matters and represent them in court. Taking this course in State, Law and the Economy I should help build a foundation in economic concepts, such as property rights, contracts, and torts, is essential for lawyers. The course also covers topics such as the role of law in the economy and the impact of economic policies on the legal system.
Political Scientist
Political scientists study political systems and institutions. Taking this course may help develop a foundation in political economy and the relationship between the state, law, and the economy. The course covers topics such as the role of the state in the economy, the allocation of resources, and the impact of government policies on economic growth and development.
Journalist
Journalists write, edit, and report on news and current events. Taking this course in State, Law and the Economy I might be useful because it provides a foundation in economic concepts and their application to real-world problems. The course covers topics such as the role of the state in the economy, the allocation of resources, and the impact of government policies on economic growth and development.
Marketing Manager
Marketing managers develop and implement marketing campaigns. Taking this course in State, Law and the Economy I can be useful because it provides a foundation in economic concepts and their application to real-world problems. The course covers topics such as the role of the state in the economy, the allocation of resources, and the impact of government policies on economic growth and development.
Public relations manager
Public relations managers develop and implement public relations campaigns. Taking this course in State, Law and the Economy I may be useful because it provides a foundation in economic concepts and their application to real-world problems. The course covers topics such as the role of the state in the economy, the allocation of resources, and the impact of government policies on economic growth and development.
Sales Manager
Sales managers oversee and manage sales teams. Taking this course in State, Law and the Economy I may be useful because it provides a foundation in economic concepts and their application to real-world problems. The course covers topics such as the role of the state in the economy, the allocation of resources, and the impact of government policies on economic growth and development.
Lobbyist
Lobbyists represent special interests before government officials. Taking this course may be useful because it provides a foundation in economic concepts and their application to real-world problems. The course covers topics such as the role of the state in the economy, the allocation of resources, and the impact of government policies on economic growth and development.
Government Relations Manager
Government relations managers represent organizations' interests before government agencies. This course in State, Law, and the Economy I can be useful for those in this field as it provides a foundation in economic concepts and their application to real-world problems. The course covers topics such as the role of the state in the economy, the allocation of resources, and the impact of government policies on economic growth and development.
Business Analyst
Business analysts study and analyze business data to identify inefficiencies and opportunities for improvement. Taking this course in State, Law, and the Economy I can be useful because it provides a foundation in economic concepts and their application to real-world problems. The course covers topics such as the role of the state in the economy, the allocation of resources, and the impact of government policies on economic growth and development.
Investment Banker
Investment bankers provide financial advice and services to corporations and governments. Taking this course in State, Law and the Economy I may be useful because it provides a foundation in economic concepts and their application to real-world problems. The course covers topics such as the role of the state in the economy, the allocation of resources, and the impact of government policies on economic growth and development.

Reading list

We've selected 11 books that we think will supplement your learning. Use these to develop background knowledge, enrich your coursework, and gain a deeper understanding of the topics covered in State, Law and the Economy I.
Provides a comprehensive overview of the public economics field, covering topics such as taxation, public spending, and social insurance. It valuable resource for students who want to learn more about the economic principles that underpin public policy.
This classic text provides a rigorous analysis of the economic foundations of politics. It must-read for students who want to understand how economic incentives shape political behavior.
This seminal work explores the fundamental problems of social choice. It is essential reading for students who want to understand the theoretical foundations of democratic decision-making.
This influential book examines the challenges of collective action. It key text for students who want to understand why groups often fail to achieve their goals.
Provides a comprehensive overview of the theory of rent-seeking. It valuable resource for students who want to understand how individuals and groups seek to obtain economic benefits from government policies.
This classic work of political philosophy provides a pessimistic view of human nature and the state. It valuable read for students who want to understand the historical and philosophical foundations of the state.
This classic essay explores the distinction between negative and positive liberty. It must-read for students who want to understand the different conceptions of freedom.
Provides a practical guide to the art of political manipulation. It valuable resource for students who want to understand how politicians use rhetoric and other techniques to achieve their goals.
Provides a comprehensive overview of the origins of political order. It valuable resource for students who want to understand the historical and sociological foundations of the state.
Provides a comprehensive overview of the relationship between legal institutions and economic development. It valuable resource for students who want to understand how the law can promote or hinder economic growth.

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