This assignment focuses on Business Economics. There is also a description of Views of Malthus and Ricardo. So, using your own words, explain why Smith believes that natural harmony is the characteristic of capitalism and contrast this with Marx’s view that capitalism is inherently contradictory?
Business Economics assignment – Views of Malthus and Ricardo
Description
BUSINESS ECONOMICS
1100 WORDS
HARVARD THROUGHOUT
Then, CASES AND REFERENCING
UK GRADING SYSTEM 1ST CLASS HONOURS
UNDERGRADUATE UNIVERSITY LEVEL
THEN, PICK 1 OUT OF THE 2 QUESTIONS TO ANSWER
You will develop a strong understanding of quantitative techniques and the conceptual underpinnings of microeconomic and macroeconomic theory and how they can be applied to the analysis of business behaviour. Besides, you will cover topics including money and banking, industrial organisation and business history. So, in the first and second year, you’ll take many of the same core modules as our BSc Economics course to ensure you develop the skills. Then, knowledge required to effectively study economics.
Coursework Brief:
Business Economics assignment – Views of Malthus and Ricardo
Answer either Question 1 OR Question 2.
Question 1
Using your own words, explain why the views of Malthus and Ricardo were devastating to the prospects of improvement held out by Smith. Then, use as your main sources Sackrey et al (2016) Introduction to Political Economy, Chapter 2; Clift (2014) Comparative Political Economy, Chapter 3; and Sandmo (2011) Economics Evolving, Chapter 4.
(1500 words)
Question 2
Using your own words, explain why Smith believes that natural harmony is the characteristic of capitalism and contrast this with Marx’s view that capitalism is inherently contradictory? Also, use as your main sources Sackrey et al (2016) Introduction to Political Economy, Chapters 2 and 3 and Fine and Saad-Fihlo, Marxist Economics.
Detailed Instructions
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