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CPE Final Exam Terms Questions and Answers (Rated 100%)
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CPE Final Exam Terms Questions and Answers (Rated 100%)
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1|Page | © copyright 2024/2025 | Grade A+CPE Final Exam Terms Questions
and Answers (Rated 100%)
Weingast Paradox
✓ a government strong enough to protect property rights is strong
enough to encroach on the rights of its citizens
liberal paradox (faustian bargain)
✓ preventing people from violating the rights of others necessitates
coercion - use of coercion is always wrong to use
Rothbard response to liberal paradox
✓ use of coercion is always wrong!! no bargain can take place!! hence
anarcho-capitalism
Buchanan response to liberal paradox
✓ liberal anarchists who believe that markets can exist without states are
stupid
Hume's rejection of 3 social order theories
Master01 | October, 2024/2025 | Latest update
, 1|Page | © copyright 2024/2025 | Grade A+
✓ theological (divine right of kings)
✓ draconian force (leviathan)
✓ contractarian
✓
✓ it all has to do with ACQUIESCENCE to the existing social order
entrance and exiting conventions
✓ it is easier to enter than to exit
Hume, Liberty and Mutual Advantage
✓ RIGHTS-BASED defense of liberty
✓ - mutual advantage: both parties involved in an interaction benefit
from the exchange
✓ - liberty: create an order in which individuals can benefit
✓ - working with existing order > better than making a new one
Hardin - what constitutions do
✓ constitutions are CONVENTIONS that allow people to benefit from
mutual exchange
Master01 | October, 2024/2025 | Latest update
, 1|Page | © copyright 2024/2025 | Grade A+
3 basics of constitutionalism as coordination
✓ acquiescence to order: apathy over agreeing to make a new gvt
✓ mutual advantage: it is to everyone's advantage to have social order
✓ challenge re-coordination: easier to deal with current system
Why do constitutions require outside enforcement
✓ - social contract theories rely on nothing but hypothetical agreement -
need outside enforcement
Reality and contract vs. convention
✓ - contract lacks enforceability
✓ - contract: not as simple as solving a PD
✓ - convention: coordination game to yield more payoff - focal points
Hume's critique of contractarian conceptions + tacit consent
✓ - not a historical reality: no country formed upon voluntary consent
✓ - modern legitimacy: interdependence costs
✓ - hard do just get up and leave --> tacit consent
Coordination game
Master01 | October, 2024/2025 | Latest update
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