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Capitalism and Socialism Discussion Reflection Essay
Capitalism and Socialism Discussion Reflection Essay
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Order Number |
636738393092 |
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Type of Project |
ESSAY |
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Writer Level |
PHD VERIFIED |
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Format |
APA |
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Academic Sources |
10 |
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Page Count |
3-12 PAGES |
Instructions/Descriptions
Capitalism and Socialism Discussion Reflection Essay
Discussion Questions (Unit 1) You will have 10 minutes to talk about each question. We will rotate groups after each one so doesn’t move on to the next question. Make sure that each person in your group has a chance to talk. Your cameras must be on throughout the conversation. After the discussion is over, write down a brief (~1 page double spaced) reflection on the most interesting parts of your conversation and post this on Bruin Learn. This does not have to be polished (but should be coherent) – just write the first things that come into your mind after the discussion.
- Regardless of your personal views on capitalism, what do you see as the biggest benefits of the capitalist system relative to other economic systems? What do you see as its biggest flaws? Alternatively, you can think of this question as asking: if you had to make the case for capitalism, how would you defend it? If you had to argue against capitalism, how would you critique it?
- We have spent a good deal of time talking about the role of profit in the economy. On one hand Marx and his followers see profit as a sign of exploitation. On the other side Mises sees profit as a sign that entrepreneurs are satisfying consumer needs. To what extent do you think these interpretations are accurate?
- The market socialism debate touches on a larger debate about economic theory. To what extent do you think it is possible to use economic theory to improve economic policy in the real world? Are there any dangers in taking the results of economic models too seriously? How should economic models be used when applying them to reality? As you answer this question, think about the differences in the way Lange and Hayek view the role of economic models. Which side do you fall on?
Capitalism and Socialism Discussion Reflection Essay
