Question
To complete the assignment you will need to watch a short video where three economists engage in a debate about the role of government in
To complete the assignment you will need to watcha short videowhere three economists engage in a debate about the role of government in the economy. Please watch the video and answer the given questions about it.
https://youtu.be/wXIyPktGLu0?si=2iqASr3-mPf-v7nL
Question 1 The debate you just watched took place in the early 1990s right after the fall of the Soviet Union.In the video you can see two opposing views on how an economy should be structured and what the role of government should be in a market economy. On one side you have Milton Friedman and Gary Becker, who both represent the neolberal perspective, and on the other side you have Samuel Bowles, who is also an influential economist representing a viewpoint commonly referred to as "heterodox." In this debate you see Samuel Bowles in disagreement with Friedman and Becker over many issues. After watching the video, what are some examples of things they disagree about? What is (are) an example something(s) they agree on?
Question 2 Think about the readings we did for Monday, Nov 21st, and the class lecture and discussion. We talked about what neoliberailsm is and how it is different from other variants fo capitalism. Do you see any examples of neoliberalism coming from Friedman and Becker? If so, what are they and how do they show the logic of neoliberalism? Be as specific as possible.
Think about what confused or interested you in the video. Come up with two questions about what you have just seen.
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