1. Discuss four main economic ideas that support neoliberalism. Also provide examples.
   1. Trickle-down economics. What does it mean, and what are its implications?
   2. Markets are the most efficient and fair. Why are involuntary unemployment and inequality ignored by (neo)classical economics?
   3. Small government. What are the implications of fiscal/monetary policies and Keynesian economics?
   4. Liberalization and commodification. Explain examples of commodification. Why's it good for business?
2. Neoliberalism and the crisis of profitability.
   1. What was the crisis of profitability that neoliberalism tried to solve? What were the causes?
   2. How did neoliberalism solve the crisis of profitability?
   3. While neoliberalism solved the crisis of profitability in the short run, it instead created new problems. What new problems did neoliberalism create that still exist today?
3. Neoliberalism and deregulation
   • What are the benefits of deregulation of transportation, such as the airline or truck industry?
   • What are the negative consequences of deregulation on the airline or truck industry?
4. According to Polanyi (GT Ch. 6), why land, labor, and money are the so-called fictitious commodities? Polanyi also argued that allowing the market mechanism to be the sole director of the fictitious commodities will lead to social annihilation. Why?
   • What about labor?
   • What about nature?
5. Double movement: Use Polanyi's double movement concept to explain the enclosure movement and the Poor Laws.
   • Use Polanyi's double movement concept to explain Industrial Revolution and the Poor Laws.
   • Use Polanyi's double movement concept to explain the 1930s Great Depression and the New Deal.
   • Use Polanyi's double movement concept to explain neoliberalism and its backlash.