Day #$2$:

$1.$ Why Not Socialism? G$.$ A$.$ Cohen $(2009)$

$$ Why does Cohen use the camping trip analogy?

$$ What$$s the difference between market reciprocity and communal reciprocity?

$$ What are the three different forms of equality of opportunity described in the book?

$$ Does Cohen think socialism is desirable? Feasible? What limits did he see?

$2.$ Capitalism and Freedom $($Chapter X$,$ pp$.161-176)$ Milton Friedman $(1962),$

The purpose of this chapter is to discuss the equality and fairness of the distribution of income.

$$ What does Friedman mean by $$payment in accordance with product?

$$ What are $$equalizing differences$?$ What do $$preferences$$ have to do with it$?$

$$ What ethical basis does Friedman use to justify the distribution of income in a free market

society?

$$ What position does Friedman take on the redistribution of income$/$wealth$?$ On coercion?

$$ How does Friedman feel about inequality resulting from inheritance? From option luck?

Day #$3$

$1.$ Einstein, A$.(2009).$ Why Socialism? Monthly Review: An Independent Socialist Magazine, $61(1),5561.$

$$ What does Einstein mean by the $$predatory phase of human history$?$

$$ What are Einstein$$s critiques of capitalism?

$$ What is his view about fair pay for workers?

$2.$ Vonnegut, K$.$ J$.(1991).$ Harrison Bergeron. Arkansas Law Review, $44,927-933.$

$$ What point is Vonnegut trying to make through this fictional story?

$3.$ Haltiwanger, J$.(2019,$ February $25).$ Here$$s the difference between a $$socialist$$ and a $$Democratic

socialist$.$ Business Insider

$$ So $$ what is the difference?

Day #$4$:

$4.$ Holmberg, S$.,$ & Schmitt, M$.(2014).$ The Overpaid CEO. Democracy, $(34),6072.$

$$ How do the authors support their claim that CEOs are overpaid?

$$ Why does the author think that the issue of CEO pay is really about how society views the role

of business in society? What is $$stakeholder primacy$?$

$$ What suggestions does the author make to address CEO pay?

$5.$ Cowen, T$.(2019).$Are CEOs Paid Too Much?$$ Big Business: A Love Letter to an American Anti$-$Hero.

New York: St$.$ Martin$$s Press. Pp$42-54($other pages optional$)$ See Canvas

$$ What is the author$$s primary support for the current rate of CEO pay?

$$ Why does the author say that the issue of CEO pay is both a practical matter and a moral issue?

Please analyze and answer the question$/$prompt below, taking a clear position and supporting your position. Include your consideration of the trade$-$offs or drawbacks to your position. You do not need to do any additional research to develop your response. However, your analysis should consider not only the reading specifically assigned for Day #$4$ of the module, but the entire content of the module including all readings, class discussions and class activities.

Prompt:

Is the current state of affairs in CEO pay excessively high or justified?$1$ Why? In your analysis, please clarify your conception of fairness and consider the impact of your position on at least one stakeholder$2$ group. From among the authors we have covered in Days $2$ & $3$ of this module, which one author would you choose to design your company$$s pay scale? Why?

$1$ Note that the prompt is not asking whether CEOs should be paid more than the average employee, which is fairly obvious. You will need to read the Day $4$ readings to learn the current state of CEO pay and decide whether it is excessively high, or justified.

$2$ Stakeholders are any group that is impacted by the decisions and behavior of a company. Stakeholders may include employees, stockholders$/$shareholder $($owners$),$ community, suppliers, customers etc.