A capitalist economy fosters inequalities of income and wealth. The free market economists defend economic inequality mainly based on the claim that economic inequality increases efficiency and will benefit the economy. 1. Based on the trend and facts from 1980s to the present day, Carruthers and Babb (2012:121-139), and Chang (thing 13 and thing 21) all argue that inequality do not increase efficiency and do not benefit the economy. Discuss their critique toward the free market's position on inequality. 2. Under the free market theory, the ultimate goal for society is economic growth and productivity, and for individual is freedom to choose. Free market economists do not take economic/social rights into their core consideration. They are concerned only with property rights and income distribution primarily as aims to motivate individual in markets. Discuss how such an idea reflects in the design and practices of the welfare system in the US based on Maggie Dickinson, 2016: Working for Food Stamps article. 3. A fundamental difference between the free market theory and economic sociology on income distribution is the issue of coercion and externalities. Is our poverty really ours? Or are they imposed on us by circumstances outside our control? Discuss considerations on coercion and externalities from economic sociology's perspective. With such consideration, what should be our economic/social rights? How the market and welfare system would be designed differently if we take the protection of social and economic rights as the primary goal. (You may incorporate the documentary on universal basic income. "Inherent Good.")