Reference no: EM132508145

Question 1: According to Say, what ultimately determines the value of a good or service?

Question 2: What is Say's "Law of Markets"?

Question 3: How does the Law of Markets help push the economy of a nation?

Question 4: According to Say, what is important to economic growth?

Question 5: What does Bastiat mean by legal plunder and false philosophy?

Question 6: Discuss Malthus's view on population and resources and whether he was right in his views.

Question 7: Discuss Malthus Law of Diminishing Returns.

Question 8: What are Simon's views on Malthus's population and resources laws?

Question 9: What does Ricardo mean when he says he is in favor of hard money?

Question 10: What is Ricardo's Law of Comparative Advantage?

Question 11: Explain Bentham's Utilitarianism.

Question 12: Under Mill's view of Utilitarianism, what is the role of the government? Provide an example by discussing how a new law would be or would not be implemented?

Question 13: How is Mill's view of Utilitarianism differ from Bentham's?

Question 14: What is Mill's concern regarding a pure Utilitarian government?

Question 15: What is Mill's view of Liberty?

Question 16: What is Mill's view on representative government?

Question 17: According to Marginalist economists like Menger, discuss their view on the power of the consumer.

Question 18: Discuss the Marginal Principle of Value.

Question 19: Discuss Menger's Structure of Production.

Question 20: Discuss the theory of Imputation

Question 21: What is meant by the prices and costs are determined at the margin?

Question 22: Discuss the theory of Subjective Value.

Question 23: What is the principle of Marginal Utility?

Question 24: In Plato's view of the Ideal State, discuss how citizens must conform so the state can reach its ideal form.

Question 25: Explain Plato's view of justice.

Question 26: In Plato's Republic, he discusses the 3 classes of citizens. Discuss EACH class in detail.

Question 27: According to Aristotle, what is the role of politics in the economy?

Question 28: Discuss Aristotle's view of community.

Question 29: Compare and Contrast Plato and Aristotle on who should rule the polis.

Question 30: Discuss which form of government Aristotle thought would be the best.

Question 31: Discuss what Cicero calls stoicism.

Question 32: Discuss Cicero's views on equality and the conflicts he has with his views?

Question 33: Discuss why Cicero feels a commonwealth is the best form of government.

Question 34: What is Cicero's view on pure regimes and discuss his alternatives to them.

Question 35: According to Augustine, what is the purpose of government?

Question 36: In Augustine's view, what is the role of the subject to the ruler and how is the ruler judged?

Question 37: What is Augustine's view of human law?

Question 38: Discuss the economic system of Mercantilism and how nations would gain their wealth.

Question 39: How does Adam Smith see how a nation builds its wealth?

Question 40: Why does Adam Smith view trade barriers as a hindrance to building true wealth?

Question 41: What does Adam Smith mean by "National Liberty"?

Question 42: According to Adam Smith, what role should the government play in the economy?

Question 43: What is the Invisible Hand and what is its importance to the benefits of capitalism?

Question 44: What is meant by laissez faire?

Question 45: What does Say mean that the economy is a qualitative, not quantitative science?