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Answer these questions please

1: Tell me about ancient Greek Economic thought with respect to:

1) Markets vs. the household 2) Value and Wealth 3) Private Property

2: What is the nature of the revolution that Heilbroner talks about in his Chapter “The Econoimc Revolution”?

3: What Role did the mercantilists see for the state in the economy?

4: What were the cornerstones of mercantilist thought and how were they different from what came before them?

5: Where does wealth come in the physiocrats' system and how is it different from the Mercantilists ideas about wealth?

6: In what ways do the ideas of the Mercantilists and the Physiocrats reflect the societies in which they wrote?

7: What are the tenants (or laws, principles etc.) of Classical political Economy?

8: Explain the specie flow mechanism of David Hume.

9: Explain the importance of “the invisible hand” in Adam Smith's The Theory of Moral Sentiments.

10: Describe Adam Smith's theory of Value. What is the Nature of the relation between value and price? In Smith's system what does the price of commodities resolve into?

Business Economics, Economics

  • Category:- Business Economics
  • Reference No.:- M91723513

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