How might central planners estimate supply or demand


Problem

1. In a centrally planned economy, how might central planners estimate supply or demand? (Austrian)

2. In the late 19th century, Washington Gladden said, "He who battles for the Christianization of society, will find their strongest foe in the field of economics. Economics is indeed the dismal science because of the selfishness of its maxims and the inhumanity of its conclusions."

a. Evaluate this statement.

b. Is there a conflict between the ideology of capitalism and the precepts of Christianity?

c. Would a society that emphasized a capitalist mode of production benefit by a moral framework that emphasized selflessness rather than selfishness? (Religious)

The response should include a reference list. Double-space, using Times New Roman 12 pnt font, one-inch margins, and APA style of writing and citations.

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Microeconomics: How might central planners estimate supply or demand
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