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We the people of the United States, in order to form a more perfect union, establish justice, insure domestic tranquility, provide for the common defense,

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Presentation on theme: "We the people of the United States, in order to form a more perfect union, establish justice, insure domestic tranquility, provide for the common defense,"— Presentation transcript:

1 We the people of the United States, in order to form a more perfect union, establish justice, insure domestic tranquility, provide for the common defense, promote the general welfare, and secure the blessings of liberty to ourselves and our posterity, do ordain and establish this Constitution for the United States of America. The Constitution of The United States of America

2 Unite Justice Order Protect Provide Secure Liberty

3 Justice Order Unite Provide Protect vs Securing Liberty AuthorityFreedom

4 Justice Order Unite Provide Protect vs Securing Liberty AuthorityFreedom There can be social justice, economic justice, military justice, ect. Conservatives generally believe that the government needs less power because natural laws will create balance and man will make good and fair choices- libertarism Liberals generally believe that government needs more power to help and in some cases insure that people will make good and fair choices.- paternalism

5 Economic Purposes of Government (according to some)

6 Maintaining Legal and Social Framework Examples: Create laws and provide courts provide information and services to help economy function better establish a monetary system define and enforce property rights.

7 Maintaining Competition Examples: Protect Competition not Competitors. Create and enforce antitrust laws regulate natural monopolies.

8 Providing Public Goods and Services Examples: Provide goods and services that markets are unable or unwilling to provide, such as national defense

9 Redistributing Income Examples: Higher income tax rates for rich than for poor provide social security aid to dependent children Medicare Medicaid.

10 Correcting for Externalities Example: Taxes to reduce negative externalities, such as environmental pollution subsidies to encourage positive externalities, such as education. Externalities exist when some of the costs or benefits associated with the production or consumption of a product "spill over" to third parties other than the direct producer or consumer of the product.

11 Stabilizing the Economy Examples: Use government budgets and/or the money supply to promote economic growth control inflation and reduce unemployment.

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13 Economic Purposes of Government


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