Political And Economic Philosphy - Discuss the economic system of Mercantilism

Political And Economic Philosphy

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]   ,