Political and Economic Philosphy, Due 5.13.2020

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  1. Discuss the economic      system of Mercantilism and how nations would gain their wealth. [2      Points]
  2. How does Adam Smith see      how a nation builds its wealth? [2 Points]
  3. Why does Adam Smith view      trade barriers as a hindrance to building true wealth? [2      Points]
  4. What does Adam Smith mean      by “National Liberty”? [2 Points]
  5. According to Adam Smith,      what role should the government play in the economy? [2 Points]
  6. What is the Invisible Hand      and what is its importance to the benefits of capitalism? [3      Points]
  7. What is meant by laissez      faire? [2 Points]
  8. What does Say mean that      the economy is a qualitative, not quantitative science? [2      Points]
  9. According to Say, what      ultimately determines the value of a good or service? [2      Points]
  10. What is Say’s “Law of      Markets”? [2 Points]
  11. How does the Law of      Markets help push the economy of a nation? [2 Points]
  12. According to Say, what is      important to economic growth? [2 Points]
  13. What does Bastiat mean by      legal plunder and false philosophy? [3 Points]
  14. Discuss Malthus’s view on      population and resources and whether he was right in his views. [3      Points]
  15. Discuss Malthus Law of      Diminishing Returns. [2 Points]
  16. What are Simon’s views on      Malthus’s population and resources laws? [3 Points]
  17. What does Ricardo mean      when he says he is in favor of hard money? [2 Points]
  18. What is Ricardo’s Law of      Comparative Advantage? [2 Points]
  19. Explain Bentham’s      Utilitarianism. [2 Points]
  20. Under Mill’s view of      Utilitarianism, what is the role of the government? Provide an example by discussing how a      new law would be or would not be implemented? [3      Points]
  21. How is Mill’s view of      Utilitarianism differ from Bentham’s? [2 Points] 
  22. What is Mill’s concern      regarding a pure Utilitarian government? [2 Points] 
  23. What is Mill’s view of      Liberty? [2 Points] 
  24. What is Mill’s view on      representative government? [2      Points] 
  25. According to Marginalist      economists like Menger, discuss their view on the power of the      consumer. [2 Points]
  26. Discuss the Marginal      Principle of Value. [3 Points]
  27. Discuss Menger’s Structure      of Production. [2 Points]
  28. Discuss the theory of      Imputation [2 Points]
  29. What is meant by the      prices and costs are determined at the margin? [2      Points]
  30. Discuss the theory of      Subjective Value. [2 Points]
  31. What is the principle of      Marginal Utility? [3 Points]
  32. In Plato’s view of the      Ideal State, discuss how citizens must conform so the state can reach its      ideal form. [2 Points]
  33. Explain Plato’s view of      justice. [2 Points]
  34. In Plato’s Republic, he      discusses the 3 classes of citizens. Discuss EACH class in detail. [3      Points]
  35. According to Aristotle,      what is the role of politics in the economy? [2      Points]
  36. Discuss Aristotle’s view      of community. [2 Points]
  37. Compare and Contrast Plato      and Aristotle on who should rule the polis. [3      Points]
  38. Discuss which form of      government Aristotle thought would be the best. [2      Points]
  39. Discuss what Cicero calls      stoicism. [2 Points]
  40. Discuss Cicero’s views on      equality and the conflicts he has with his views? [3      Points]
  41. Discuss why Cicero feels a      commonwealth is the best form of government. [2      Points]
  42. What is Cicero’s view on      pure regimes and discuss his alternatives to them. [3      Points]
  43. According to Augustine,      what is the purpose of government? [2 Points]  
  44. In Augustine’s view, what      is the role of the subject to the ruler and how is the ruler judged? [3      Points]  
  45.    at is Augustine’s view      of human law? [2 Points]   ,
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