From Chap 3 of Economics A Tool for Critically Understanding Society (ETCUS), pp 46 7 2) Proudhon and other economists argued that Laissez faire meant freedom for the capitalists but bondage for workers Smith, Say, and other advocates of laissez faire argued that unregulated capitalism meant freedom for all Are there circumstances under which Proudhon's view is likely to be more apt Are there circumstances under which Smith's view is likely to be more apt 4) Smith argued that unregulated (laissez faire) capitalism would lead to substantial increases in income for all Explain exactly how this was supposed to come about 5) Smith believed that laissez faire capitalism would be self regulating via the invisible hand Develop an example that illustrates these principles Using your example evaluate Smith's argument From Chap 4 of Economics A Tool for Critically Understanding Society (ETCUS), pp 62 3 The dialectic method consists of identifying the forces within the economy that are in conflict and studying those conflicts to understand the evolution of the economy What are some of the major sources of conflict in the modern global economy How do you see the global economy as changing as a result of these conflicts Using Marx's concept of surplus value, explain why white collar workers in the United States are working longer and longer hours Are most jobs today alienating in nature What circumstances seem to create alienating work Is it possible to create workplaces in which alienation is minimized Marx predicted that capitalist society would become increasingly commercialized and that more and more areas of human society and culture would become vehicles to sell products and increase profits Is this an accurate prediction Explain and give examples to support your answer From Chap 5 of Economics A Tool for Critically Understanding Society (ETCUS), pp 80 List the major strengths of laissez faire capitalism in both theory and practice List the major shortcomings the operation of laissez faire capitalism How did Keynes reshape the way economists thought about the economy

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From Chap. 3 of Economics: A Tool for Critically Understanding Society (ETCUS), pp. 46-7. 2) Proudhon and other economists argued that Laissez-faire meant freedom for

From Chap. 3 of Economics: A Tool for Critically Understanding Society (ETCUS), pp. 46-7.

2) Proudhon and other economists argued that Laissez-faire meant freedom for the capitalists but bondage for workers. Smith, Say, and other advocates of laissez-faire argued that unregulated capitalism meant freedom for all. Are there circumstances under which Proudhon's view is likely to be more apt?Are there circumstances under which Smith's view is likely to be more apt?

4) Smith argued that unregulated (laissez-faire) capitalism would lead to substantial increases in income for all. Explain exactly how this was supposed to come about.

5) Smith believed that laissez-faire capitalism would be self-regulating via the invisible hand. Develop an example that illustrates these principles. Using your example evaluate Smith's argument.

From Chap. 4 of Economics: A Tool for Critically Understanding Society (ETCUS), pp. 62-3.

The dialectic method consists of identifying the forces within the economy that are in conflict and studying those conflicts to understand the evolution of the economy. What are some of the major sources of conflict in the modern global economy. How do you see the global economy as changing as a result of these conflicts?
Using Marx's concept of surplus value, explain why white-collar workers in the United States are working longer and longer hours.
Are most jobs today alienating in nature? What circumstances seem to create alienating work? Is it possible to create workplaces in which alienation is minimized?
Marx predicted that capitalist society would become increasingly commercialized and that more and more areas of human society and culture would become vehicles to sell products and increase profits. Is this an accurate prediction? Explain and give examples to support your answer.

From Chap. 5 of Economics: A Tool for Critically Understanding Society (ETCUS), pp. 80.

List the major strengths of laissez-faire capitalism in both theory and practice.
List the major shortcomings the operation of laissez-faire capitalism.
How did Keynes reshape the way economists thought about the economy?