Assignment: Political & Economic Philosophy
o Discuss the economic system of Mercantilism and how nations would gain their wealth.
o How does Adam Smith see how a nation builds its wealth?
o Why does Adam Smith view trade barriers as a hindrance to building true wealth?
o What does Adam Smith mean by "National Liberty"?
o According to Adam Smith, what role should the government play in the economy?
o What is the Invisible Hand and what is its importance to the benefits of capitalism?
o What is meant by laissez faire?
o What does Say mean that the economy is a qualitative, not quantitative science?
o According to Say, what ultimately determines the value of a good or service?
o What is Say's "Law of Markets"?
o How does the Law of Markets help push the economy of a nation?
o According to Say, what is important to economic growth?
o What does Bastiat mean by legal plunder and false philosophy?
o Discuss Malthus's view on population and resources and whether he was right in his views.
o Discuss Malthus Law of Diminishing Returns.
o What are Simon's views on Malthus's population and resources laws?
o What does Ricardo mean when he says he is in favor of hard money?
o What is Ricardo's Law of Comparative Advantage?
o Explain Bentham's Utilitarianism.
o 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?
o How is Mill's view of Utilitarianism differ from Bentham's?
o What is Mill's concern regarding a pure Utilitarian government?
o What is Mill's view of Liberty?
o What is Mill's view on representative government?
o According to Marginalist economists like Menger, discuss their view on the power of the consumer.
o Discuss the Marginal Principle of Value.
o Discuss Menger's Structure of Production.
o Discuss the theory of Imputation
o What is meant by the prices and costs are determined at the margin?
o Discuss the theory of Subjective Value.
o What is the principle of Marginal Utility?
o In Plato's view of the Ideal State, discuss how citizens must conform so the state can reach its ideal form.
o Explain Plato's view of justice.
o In Plato's Republic, he discusses the 3 classes of citizens. Discuss EACH class in detail.
o According to Aristotle, what is the role of politics in the economy?
o Discuss Aristotle's view of community.
o Compare and Contrast Plato and Aristotle on who should rule the polis.
o Discuss which form of government Aristotle thought would be the best.
o Discuss what Cicero calls stoicism.
o Discuss Cicero's views on equality and the conflicts he has with his views?
o Discuss why Cicero feels a commonwealth is the best form of government.
o What is Cicero's view on pure regimes and discuss his alternatives to them.
o According to Augustine, what is the purpose of government?
o In Augustine's view, what is the role of the subject to the ruler and how is the ruler judged?
o at is Augustine's view of human law?
Format your assignment according to the following formatting requirements:
o The answer should be typed, using Times New Roman font (size 12), double spaced, with one-inch margins on all sides.
o The response also includes a cover page containing the title of the assignment, the student's name, the course title, and the date. The cover page is not included in the required page length.
o Also include a reference page. The Citations and references must follow APA format. The reference page is not included in the required page length.