. Adam Smith and John Maynard Keynes are both liberals, in the broad sense in which this term is used in IPE. Explain what views Smith and Keynes share regarding the market, the state, human nature, and power. How do they differ? . Explain the key assumptions and assertions of classical liberalism. . How do liberals such as David Ricardo view international trade? Why do they hold this opinion? Explain how the Corn Laws debate in nineteenth-century Britain illustrates the conflict between mercantilist and economic liberal views of international trade. . John Stuart Mill and John Maynard Keynes thought that government could and should play a positive role in correcting problems in the market. Discuss the specific types of "market failures" that Mill and Keynes perceived and the types of government actions they advocated. What kinds of policy recommendations do you think Mill and Keynes would favor today