“Each branch of government has a check upon the other, and the two must balance one
another to consummate the action. Even if each branch eyed the other skeptically, they were
motivated to cooperate.” (Fox and Pope, p.94) The ability to check and balance is necessary in
the government and in economics. Citizens of nations ruled by kings only serve the purpose of
promoting the wealth of the king. Economies dominated by companies with monopolies don’t
flourish, due to the lack of competition. However, when economies and governments are
designed to run according to natural processes with checks and balances, the bounties are far
greater. The idea of checks and balances applies to Adam Smith’s market economy in relation to,
the …show more content…
King James, in “The Trew
Laws of Free Monarchies” states, “…it is certain that a King can never be so monstrously
vicious, but he will generally favor justice, and maintain some order, except in the particulars,
wherein his inordinate lusts and passions carry him away…” King James seems confident that
his job is done good enough, but not to the uttermost farthing. Because his responsibilities are
strung so wide, he is only able to maintain “some order.” The genius behind our national
government, is the specialization of each branch. For example, the executive branch will
negotiate a treaty. The senate, part of the legislative branch, will ratify the treaty, after careful
review. Finally, the judicial branch will maintain the treaty to be lawful. Then it is finalized.
Imagine the improvement made in a paper, after being peer reviewed three times! The
improvement is exceptional. Specialization or a division of labor, maintained by checks and
balances, produces higher quality work and a greater abundance.
John Locke said that all men have the right to “life, liberty, and property.” The ability …show more content…
Surprisingly, it works
to the advantage of the person being bargained with as well. Otherwise, the bargain wouldn’t pan
out. Our economy only works because everyone benefits, and when someone isn’t benefitting, it
starts to get a makeover. Similarly, the principle of self-interest applies to the government as
well. The interest of the judicial branch is interpreting the law according to the constitution. The
interest of the legislative branch, is creating and passing laws that will promote the welfare of
those they represent. The interest of the executive branch, is the direction the nation should
pursue. However, none of these can pursue a course without needing the approval of another
branch. Therefore, the need for deal making and bargaining becomes a necessity. When laws are
written, the possibilities of what the president might think are certainly taken into consideration,
because he must ratify the proposal, before it can take effect. Similarly, if the President wants a
bill to pass, the legislature must ratify it as well. One can imagine the stalemates that spawn from
both branches of government constantly vetoing the other’s proposals. So the strategy
another to consummate the action. Even if each branch eyed the other skeptically, they were
motivated to cooperate.” (Fox and Pope, p.94) The ability to check and balance is necessary in
the government and in economics. Citizens of nations ruled by kings only serve the purpose of
promoting the wealth of the king. Economies dominated by companies with monopolies don’t
flourish, due to the lack of competition. However, when economies and governments are
designed to run according to natural processes with checks and balances, the bounties are far
greater. The idea of checks and balances applies to Adam Smith’s market economy in relation to,
the …show more content…
King James, in “The Trew
Laws of Free Monarchies” states, “…it is certain that a King can never be so monstrously
vicious, but he will generally favor justice, and maintain some order, except in the particulars,
wherein his inordinate lusts and passions carry him away…” King James seems confident that
his job is done good enough, but not to the uttermost farthing. Because his responsibilities are
strung so wide, he is only able to maintain “some order.” The genius behind our national
government, is the specialization of each branch. For example, the executive branch will
negotiate a treaty. The senate, part of the legislative branch, will ratify the treaty, after careful
review. Finally, the judicial branch will maintain the treaty to be lawful. Then it is finalized.
Imagine the improvement made in a paper, after being peer reviewed three times! The
improvement is exceptional. Specialization or a division of labor, maintained by checks and
balances, produces higher quality work and a greater abundance.
John Locke said that all men have the right to “life, liberty, and property.” The ability …show more content…
Surprisingly, it works
to the advantage of the person being bargained with as well. Otherwise, the bargain wouldn’t pan
out. Our economy only works because everyone benefits, and when someone isn’t benefitting, it
starts to get a makeover. Similarly, the principle of self-interest applies to the government as
well. The interest of the judicial branch is interpreting the law according to the constitution. The
interest of the legislative branch, is creating and passing laws that will promote the welfare of
those they represent. The interest of the executive branch, is the direction the nation should
pursue. However, none of these can pursue a course without needing the approval of another
branch. Therefore, the need for deal making and bargaining becomes a necessity. When laws are
written, the possibilities of what the president might think are certainly taken into consideration,
because he must ratify the proposal, before it can take effect. Similarly, if the President wants a
bill to pass, the legislature must ratify it as well. One can imagine the stalemates that spawn from
both branches of government constantly vetoing the other’s proposals. So the strategy