Explain the conditions and developments that triggered Adam Smiths ideas? 2. Explain major contributions of Adam Smith and how his thinking changed Economic thinking. 3. Adam Smith was educa
writing question and need guidance to help me learn.
Requirements: 6pages | .doc file
History of Economic Thought Review Questions #2
1. Explain the conditions and developments that triggered Adam Smiths ideas?
2. Explain major contributions of Adam Smith and how his thinking changed Economic thinking.
3. Adam Smith was educated as a Moral Philosopher and had initial professional assignment as that. Explain influences this training and profession on his Economics?
4. Explain how the fundamentals of Capitalism changed by Adam Smiths contributions. Also, discuss how these fundamentals influenced subsequent thinkers in Classical and neoclassical genre.
5. In Adam Smiths distribution theory, class conflict and social harmony existed simultaneously. Thinkers in classical and neoclassical theory either accepted as this contradiction or modified it. Discuss this seeming coexistence.
6. Explain Malthuss perception of classes and their distinct role in the developing social makeup of the time.
7. Malthuss famous (infamous) population theory helped explain his political economy. Discuss his political economy in light of (involvement of) his population theory.
8. Ricardo, at times accepting Smiths ideas, other times opposing them, developed his unique position where he found role for each distinct class. Explain his socioeconomic where landowners are the winners.
9. Political social theorists (classicals and neoclassicals) had to explain economic downturns as part of their social theory (political economy). Discuss their explanations of downturns (gluts or no gluts).
9. International trade preoccupied thoughts of Adam Smith, David Ricardo, Malthus and J.S. Mill ( a few to speak of). Explain ideas of period political economists on international trade and its impact on domestic (and perhaps world) economy.
10. Workers (lower income class offering only their labor to maintain subsistence) were aware that machinery was not the cause of their misery. Nevertheless, they attempted time to time to destroy machines, tools, and factories. Discuss laborers situation, position, and haplessness (no misspelling) during the Early and mature periods of Industrial Revolution.
11. Bentham, Say and Senior were the early developers of utility theory to explain value, exchange, class structure and distribution. Explain their take on utility that underlies these concepts in the period.
12. Starting with Adam Smith the concept of value evolved (Labor Theory of Value, Adding-Up-Cost theory, Marginal Utility theory and some combination of the three), Explain this evolution with references to the period scholars.
13. There were reformists and ?utopian socialists to ease the lower classes misery. Discuss their analyses and prescriptions.
14. Even though Bentham instigated he utility theory as the fundamental element of capitalistic Economics, he struggled with the theory. The utility Theory was integrated into current economic thinking by the Neoclassicals such as Menger, Clark and Marshall. Yet, works of latter Classical thinkers such as Senior Bastiat and J.S. Mill legitimized, perhaps reformed enough, to its acceptability and palatability as part of a scientific thinking. Discuss the contributions of the latter classicals in light of the progression.
15. Discuss the attempts to make economics ?scientific during the period.
Collepals.com Plagiarism Free Papers
Are you looking for custom essay writing service or even dissertation writing services? Just request for our write my paper service, and we'll match you with the best essay writer in your subject! With an exceptional team of professional academic experts in a wide range of subjects, we can guarantee you an unrivaled quality of custom-written papers.
Get ZERO PLAGIARISM, HUMAN WRITTEN ESSAYS
Why Hire Collepals.com writers to do your paper?
Quality- We are experienced and have access to ample research materials.
We write plagiarism Free Content
Confidential- We never share or sell your personal information to third parties.
Support-Chat with us today! We are always waiting to answer all your questions.
