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?
6. Read Case 4.2, Hucksters in the Classroom and Case 4.5, One nation under Walmart and answer the questions.
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If we don't have time to do them all, we'll have leftovers.
