About ancient greek economic thought with respect

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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?

Reference no: EM131007809

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