Analysis on the Government Methods of Political Economy

For example, Sumner argued against tariffs mainly because he believed that workers in one marketplace would be required to jobs for either cheaper wages or longer hours to offset the cost of tariffs over a merchandise they produced. Workers in other industries without the need of tariffs, over a other hand, would not labor under a similar burden. Essentially, he argued that tariffs had been an artificial device that did not take into consideration the fact that numerous factors contributed towards the price of the product. In addition, tariffs allowed some companies to prey on others based solely on their protected status. Protectionism also contributed to a growth inside the size of federal government and its interference within the economy (Arne).

Sumner thought that capital was a higher type of labor; essentially, a "saved" form of labor. He supported the accumulation of capital in a few hands over a grounds that only a few had the skill and knowledge to most effective invest capital and, thus, create wealth. Thus, he argued against any governmental restrictions on monopolies as well as against welfare programs, which he argued only elevated population and lowered wages. Rather, he thought how the unrestricted accumulation of capital would eventually abolish poverty (Arne).

In particular, Dewey believed that human beings evolve their behavior to solve constantly-changing individual and social problems. His theory, therefore, could be characterized being a type of Social Darwinism. Democracy was an ethical significance that had to be lived instead of taught ("John Dewey"). Dewey believed that self-realization must be the ultimate goal of every person inside a community and freedom was the opportunity to fully understand oneself as a social becoming (London). He argued that every individual was meant to complete a particular purpose in his environment, and also the realization of that functionality was each individual's ultimate goal (London). Dewey's influence was felt most strongly in education, wherever he advocated against authoritarian teaching methods in favor of learning via experimentation and practice. He believed that education ought to cultivate democracy like a behavior and culture in children, instead of teach them abstract principles ("John Dewey"). Thus, John Dewey's theories offer the most perspective for ones political economy in a democracy due to the fact they advocate the self-realization from the individual.

 

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