constitutional government
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1) Population in China: Until recently, Chinese families did not much alter their fertility depending on life events such as deaths of children. However, under government prodding and eventually coercion, fertility dropped drastically in China in the 1970s, but to counteract momentum, the One-Child Policy started in 1979-80. 2) Population Growth and Economic Development: In Asia, rapid fertility drops have preceded economic booms by approx...more
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Insurance provides significant risk management to a broad public, and is an essential tool for promoting human welfare. By pooling large numbers of independent or low-correlated risks, insurance providers can minimize overall risk. The risk management is tailored to individual circumstances and reflects centuries of insurance industry experience with real risks and with moral hazard and selection bias issues. Probability theory and statist...more
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The trial of Adolf Eichmann, as presented in Hannah Arendt's Eichmann in Jerusalem, is the topic of discussion. Professor Shapiro asks students what made them uncomfortable, not only about Eichmann's actions as a Nazi officer, but also the actions of Israel in capturing, extraditing, trying, and executing him. This begs the questions, what makes a government legitimate? And more specifically, was the Third Reich illegitimate and was Eichma...more
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Professor Shiller, in his final lecture, reviews some of the most important tools for individual risk management. Significant inequality in domestic and international communities has created a need for social insurance programs, such as those created in Germany in the late 1800s. The tax system, bankruptcy laws, and government insurance programs are used to manage risk of personal wealth. However, each of these inventions must take account...more
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Revolutions occur when a critical mass of people come together to make specific demands upon their government. They invariably involve an increase in popular involvement in the political process. One of the central questions concerning 1848, a year in which almost every major European nation faced a revolutionary upsurge, is why England did not have its own revolution despite the existence of social tensions. Two principal reasons account ...more
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In five years, New Schools has given 10,000 kids access to new schools, says Smith. Public charter schools provide an alternative to government-run schools by giving the school much more flexibility while maintaining accountability. She believes this flexibility encourages innovation and increased performance. Other portfolio items include: 1) Teachscape - an online teacher-training program, which uses a video case method of instruction ...more
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Anti-Americanism in France has historically been directed toward the U.S. government and corporations rather than American citizens. In the wake of World War II, the Marshall Plan for rebuilding Europe was considered by many to be a form of American imperialism. Along with the establishment of American military bases on French soil, the years after World War II bore witness to a great influx of American products, notably refrigerators and ...more
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In this lecture, Professor Kagan examines in detail the development, growing pains, and emergence of Athenian democracy. He argues that the tyranny under the Peisistratids led to the development of the idea of self-government among the Athenians, which Cleisthenes used to develop Athens in a more democratic direction. One of the ways Cleisthenes was able to accomplish this was to diminish the power of the aristocracy by reordering and rest...more
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Jurvetson describes his position and interest in the nanotechnology industry. In his opinion, it is still too early for the average venture firm to invest in the industry--in part, because they invest in companies that are much farther along on the risk spectrum. However, individual partners or firms that do early-stage investing are interested and the numbers are growing. Draper Fisher Jurvetson is one of them, and likes to be early in an...more
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Professor Shapiro explains the format and structure of the class during this opening session. He reviews the syllabus, and asks the central question of the course: What makes a government legitimate? He briefly explains the five ways to answer this question that he will focus on throughout the semester. The first three traditions are those of the Enlightenment: utilitarianism, Marxism, and social contract theory. The fourth and fifth overa...more
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Professor Freeman discusses the national debate over the proposed Constitution, arguing that in many ways, when Americans debated its ratification, they were debating the consequences and meaning of the Revolution. Some feared that a stronger, more centralized government would trample on the rights and liberties that had been won through warfare, pushing the new nation back into tyranny, monarchy, or aristocracy. The Federalist essays repr...more
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The war saw a transformation of politics at both elite and popular level. This led to the Liberals being replaced by Labour as the main party of the Left. The last purely Liberal government came to an end in 1915. The inter-war leaders, Stanley Baldwin and Ramsay MacDonald, sought to continue the mission of liberalism by civilizing the state. Yet Britain's industrial structure remained geared to the past rather than the future, and ...more
