How might theories of adam smith-georg simmel refute claim

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1. Economist Joseph Stiglitz argues that one of the reasons that the average U.S. citizen cannot see economic exploitation and the dangers of growing economic equality in their country is because they have been convinced to accept policies that are directly against their own interests. Do you agree or disagree with this claim? Why? In answering this question use examples from your readings and lectures support your claim. Evidence from outside evidence the class is also acceptable, but be sure you are using accurate evidence from a reliable source.

2. Economist Joseph Stiglitz argues that, "A misshapen economy creates misshapen individuals and a misshapen society." What does he mean by this? After answering the first half of the question, provide detail to support or refute his claim by answering one of the following questions: How might the theories and arguments of Karl Marx or Max Weber support this claim? OR How might the theories of Adam Smith or Georg Simmel refute this claim?

Reference no: EM133650322

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