Scholars

Question	Answer
Micklthwait & Wooldridge	Globalization is freedom of "tyranny of place"
Karl Marx	were a driving force for globalization; believed that the bourgeoise exploited everyone else; Capitalism v. Communism divide fed the flame
Hobshawn	"The Age of Capital" - rulers of states are still monarchs and maintain their political power by incorporating aspects of legitimate rule. States must have economy, technology, state organization, and military force
Robbins	"Paradox of Declining State Authority" - a loyalty of multinational corporations caused by eroding the authority of a state
Adam Smith (Division of Labor & Laissez-faire, "Invisible hand" of the Free Market, Theory of Moral Sentiments)	Division of Labor - specialization were personal talents are encouraged and divided so there can be a functioning society "Invisible Hand" of the Market - allowing a laissez-faire economy, division of labor, & market would produce the right price and favor the right goods Argued that a laissez-faire economy truly "left alone" would become a conspiracy of producers against consumers, of sellers against buyers, and makes the submissive state hostage to special interests.
Fredrich Hayek (Classical View)	His views sided with Adam Smith's which became Neoliberalism. Thatcher and Reagan first implemented Neoliberalism and he was proven correct after Communism collapsed. The organic nature of the market would set the prices (Hayek's system of 'Telecommunications').

Resource summary

	Created by Blake Holden almost 8 years ago