Player 2 Player 1 Self Interest Cooperation 1, 1 O,3 3,0 2, 2.

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Presentation transcript:

Player 2 Player 1 Self Interest Cooperation 1, 1 O,3 3,0 2, 2

Government (Authority/Power) People (Freedom/Power) Self Interest Cooperation RevolutionAnarchy Dictator Constitution Limited Government Balanced Equilibrium

Player 2 Player 1 Stag Rabbit 5, 50, 2 2, 0 1, 1

Government (Authority/Power) People (Liberty/Power) Cooperate Self Interest 5, 50, 2 2, 0 1, 1

The Constitution is a coordinated documents The Constitution is not contract that need to be enforced, it is more like a coordinated agreement between liberty and authority. It is in the best interest each player to both pursue their self interest and to limit their own self interest.

Justice Equilibrium Balance Order Unite Provide Protect Securing Liberty Life Liberty Property Authority Government Group Equality Liberty Individual Freedom Self Interest

So is Self Interest A positive natural resource?- Adam Smith Or War?- Thomas Hobbes Or something else? Does the purpose of government compete with or cooperate with the purpose of any economic system? The Preamble Purpose of Economic Systems- To allocate scarce resources that have alternative uses to their most useful place. Write 1 paragraph

Examples of Prisoner Dilemmas Mitt vs Newt – Republic Primaries Budget Crisis Price wars Paradox of thrift Government and the people Sports being a team member Tragedy of the commons Traffic Fishing rights Climate Resources Congress and spending

Central Government SSSSS