Discussion

Two questions essays and each question's answer has to be 5 pages long. So the total essay should be around 10 pages long, 5 pages per question.

The Questions are:

1. What is Classical Political Economy and how does it differ from mainstream economics? Compare and contrast the views of Smith and Marx on Capitalism. In doing so, address whether or not they share the same definition of Capitalism and whether or not they have the same criteria for evaluating economic performance.

2. Was Capitalism in the 19th century successful? Explain. In your explanation be sure to define Capitalism, your criteria for evaluating success or failure, what you are comparing Capitalism to, and to what degree it matters where, when and for what period of time one is examining the performance of Capitalism.