1. 黄雨晨 3130103278 introduction of Economic Liberalism

2. ADAM SMITH(1723-90)

3. Key notion: if left to itself, the market economy will operate spontaneously according to its own mechanism. IN THIS BOOK…

4. David ricardo （ 1772-1823 ） “Comparative advantages”

5.  Relationship between economics and politics Eco. Autonomous VS. Pol. Decisive  Central actors Individuals&Private firms VS. States  The nature of economic relations a positive-sum game VS. a zero-sum game …… COMPARED WITH MERCANTILISM…

6.  Laissez-faire  19-20C John Maynard Keynes  Until 1980s… How about governments? “one which was still based on a market economy, but with a considerable degree of state interference and direction.”

7. 7 The new deal(1933) RELIEF RECOVERY RERORM

8.  Economics autonomous  Individuals and private firms  Cooperative, a positive-sum game  Maxixunm individual and social well-being ECO. LIBERALISM Summarized

9. Thanks for listening