1. Is market capitalism necessary for freedom? Explain why or why not.
2. Are market economies necessarily “capitalist” and are command economies necessarily “socialist”? Why or why not?
3. What causes macroeconomic instability of market capitalism? Explain.
4. How does the U.S. economy compare with other market capitalist economies with respect to its degree of industrial concentration and the nature of its antitrust policies?
5. What are the limitations of central planning?
6. According to Marxian labor theory of value, what is the value of a piece of capital equipment?
7. Why in most modern economies is sachet unlikely to be able to resolve major income inequalities?
8. What are similarities between Roman Catholic and Islamic economic views?
9. What are some of the reasons that the U.S. has greater degrees of income and wealth inequality than other high-income market capitalist economies?
10. Some studies suggest that higher income inequality is more readily accepted by the U.S. population than it would be in other high-income countries. Why might this be true?