Philosophy 2604
Chapter Four
1. Provide a quick background of the historic phases of capitalism.
2. What are the key features of capitalism? Explain each one.
3. Addressing moral justifications for capitalism, defend:
a) The Natural Right to Property
b) Adam Smith's Invisible Hand
4. Addressing criticisms of under capitalism, articulate:
a) Inequality
b) Human nature and capitalism (economic creatures vs. moral creatures)
c) Capitalism breeds oligopolies
d) Competition is not a good
e) Marx's "exploitation" and "alienation."
5. What are some ot today's economic challenges for capitalism?
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