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Unformatted text preview: a) What are four beliefs of economic conservatives that are different from the beliefs of economic liberals? b) Indicate in detail how this course has affected your attitudes about economic conservatives versus economic liberals. 4. (10 points) a) Carefully discuss Adam Smiths notion of the invisible hand, in the process explaining what assumption Smith makes about basic human nature. b) According to Smith, what are four duties/responsibilities the government must perform? c) What did Marx say about Smiths arguments on the beauty of laissez-faire capitalism? According to Marx, what would ultimately happen in the capitalist stage (be complete)? d) If you could talk to Marx today, what would you say to him about how his ideas have impacted the world and how you would change his thinking if you could?...
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