Describe capitalism as an economic system

Reference no: EM132294371

Assignment: Guidelines: You have been invented to be a guest blogger for the blog series, Understanding Capitalism. Recruited for your expertise with the history of economic thought, your blog should:

• Describe capitalism as an economic system by presenting specific examples of the mode of life.

• Efficiency and equity are two of the criteria used by neoclassical economists to evaluate economic outcomes. Select eitherefficiency orequity and evaluate capitalism's success (or lack of) in achieving this criteria.

• Define, integrate, articulate, and apply the ideas of oneof the following economists: Smith orPolanyi to your analysis of efficiency or equity.

• Excellent blog posts with present a clear and coherent discussion of capitalism and efficiency orcapitalism and equity (i.e., you are not just listing ideas, but your blog has a thesis and you lay out arguments to support it while meeting assignment guidelines.)

Submission Guidelines: • Your blog should be 800-1000 words.

• Your blog is due on Monday April 29th.

• You should include citations where needed.

• Creativity in presentation is encouraged such as including pictures, graphs, etc.

Reference no: EM132294371

Questions Cloud

How would you fix the problem : If you were the manager above a supervisor who was adequately trained, but continued to drive his or her employees crazy with micromanagement

Analyze the relationship between risk and rate of return : Analyze the relationship between risk and rate of return, and suggest how you would formulate a portfolio that will minimize risk and maximize rate of return.

What will happen to supply curve and demand curve for coke : If Coca-Cola develops a new technology that makes Coke tastier, what will happen to the supply curve and demand curve for Coke?

Which would result in a decrease in the supply of a product : What is an example of (just) one thing that could happen today in the United States, which would result in a decrease in the Supply (Curve) of a product.

Describe capitalism as an economic system : Describe capitalism as an economic system by presenting specific examples of the mode of life. Efficiency and equity are two of the criteria used.

Experience with split-reporting relationships : What is your experience with split-reporting relationships? In what ways does this relationship violate the "unity of command principle?"

What is an inductive argument : What is an inductive argument? How is generalization used to draw conclusions? What are analogies?

Various functions of the business : How does Coca-Cola manage the various functions of the business effectively using functional strategy? For example, Marketing, Finance, Operations, R&D, etc.

Implemented improved work processes : How often should standardized training be evaluated to see if the organization has implemented improved work processes?

User Account

All Pages