1. Revolutions upon revolutions…

2. The Problem:  How to provide a high standard of living for all members of society.

3. The Solution: Economics  Economics:  The study of the way in which societies make decisions about the goods and services they will produce to meet the wants and needs of their citizens

4. Standard of Living  A measure of the consumption of goods and services that individuals and groups privately and or collectively can achieve

5. Factors that define standard of living:  Income levels  Diets  Medical care  Safe water supply  Educational levels  Choice available to people  Life expectancy

6. Compare:  Democratic Industrial Societies:  Material well being  Social mobility  Individual autonomy  Aboriginal Societies  Sacred respect for the land  Kinship with all living beings  Sharing of economic wealth  Opportunity to contribute to the groups well being

7. Standard of Living  Maintaining a high standard of living means:  Deciding what a high standard of living is  How to organize society so that the necessary goods and services to support the standard of living can be produced  How to distribute the goods and services to all who want them

8. So what is essential to a high standard of living?

9.  Infrastructure

10. Infrastructure:  Industrial societies are based on a complex system of political and economic organizations known as an infrastructure which make possible the production of goods and services

11. Will beliefs and values influence a nations infrastructure and economic organization? How?