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May 19, 2023
Describe what Smith meant by the “invisible hand” How exactly does it function?
Describe how Sith’s work is a reaction to mercantilism, which dominated the seventeenth and eighteenth centuries. As a point of departure, define mercantilism.
Discuss if all 19th century thinkers agree with Smith. How did, for instance Karl Marx view the doctrine of laissez-faire?
What were the envittable consequences of such an economic system?
Discuss the influences of Smith and his critics, like Marx, reflected in the mixed economy of the United States today
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