- Scottish philosopher & economist
railed against restrictive, regulated system & showed
how the principles of free trade, competition, & choice
would spur economic development, reduce poverty & precipitate
the social & moral improvement of humankind. Read the
Capitalist Bible "The Wealth of Nations" free. Plus
much more Smith.
- Social contract theory. Denotes an implicit
agreement within a Issues regarding the rights & responsibilities
of the Issues & its citizens. Influenced the American
revolutionaries as reflected in the American Declaration of
- System of government in which power
is divided between a central government and the government
of each state. Written by Alexander Hamilton, James Madison
& John Jay.
- Philosopher of the Enlightenment whose
political ideas influenced the French Revolution, the development
of both liberal and socialist theory, and the growth of nationalism.
Wrote "The Social Contract", which outlines the
basis for a legitimate political order.
Jackson - The Jacksonian era saw a great increase
of respect and power for the common man, as the electorate expanded
to include all white male adult citizens, rather than only land
- His theory revolutionized the
way economists think. The notion of aggregate demand as the
sum of consumption, investment & government spending.
It showed that full employment could be maintained only with
the help of government spending. Wages would be kept stable.
A cut in wages, would decrease income, consumption & aggregate
demand. This would offset any benefits to output that the
lower price of labor might have contributed.
- Common Sense was published on January
10, 1776, during the American Revolution. It denounced British
rule, and through its immense popularity contributed to fomenting
the American Revolution.
- Founding Father, author of the Declaration
of Independence and the third president. Letters and other
texts written by or sent to Jefferson plus quotations, scholarly
articles and more. From the University of Virginia.
- Complete history of Jefferson including his political philosophies
- Founding Father and the second president.
Wrote: A Defence of the Constitutions of Government of the
- Father of the Constitution and the
revolutionary three-branch federal system. Wrote the Bill