Best Sensitive, Caring New Social Program To Help World's Middle And Low Class:

Discussion in 'Economics & Trade' started by james M, Mar 7, 2018.

  1. Reiver

    Reiver Well-Known Member

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    I know you think conservatism means 'its good' (and then you refer to those that have made racist comments as if good isn't defined). In economics it refers to the weighting of costs and benefits (encouraging a status quo)
     
  2. james M

    james M Banned

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    wrong!! I said it means" against govt"
     
  3. james M

    james M Banned

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    want to try that again in sensible english??
     
  4. james M

    james M Banned

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    so in economics conservative is weighting of costs and benefits and liberalism is not??
     
  5. Reiver

    Reiver Well-Known Member

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    Liberalism encompasses schools of economic thought. Conservatism does not. It does indeed refer to weighting to encourage a status quo.
     
  6. james M

    james M Banned

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    according to America conservative is against govt while liberalism is the opposite!! Learn American english if you want to communicate with Americans.
     
  7. james M

    james M Banned

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    yes big govt liberals like Hillary and big govt communists like Sanders.
     
  8. james M

    james M Banned

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    conservative encourages the status quo only when it is better than the past or the likely future. Now you've got the concept down thoroughly.
     
  9. Reiver

    Reiver Well-Known Member

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    As I said, conservatism in economics is simply a weighting system used in social welfare functions. Pretty mundane stuff!
     
  10. james M

    james M Banned

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    actually conservatism in economics is Republican capitalism. what China just used to instantly eliminate 40% of all the poverty on earth. Shall we all kiss Republicans when we see them???
     
  11. Reiver

    Reiver Well-Known Member

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    Nope. You're actually referring to neoliberalism or market fundamentalism (but, as we know, it's more about maximising economic rents; e.g. the military industrial complex)
     

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