With reference to specific examples and theoretical frameworks to which you have been exposed in this class, what role should government play in controlling the economy? Marshall support for your position from the many sources.

Needless to say, the position you take and those that you reject have had their various supporters and detractors. Be sure to incorporate their thoughts in your discussion. In other words, identify (and acknowledge) both the shortcomings of your position and the strengths of those positions you reject.

As you have discovered, this is not an either/or topic. We tend to prefer one course to another, but most economists - under the right circumstances - will tack to the other side when prevailing winds dictate. In his inaugural address (and speaking to the polarizing conversations between the two most common political positions), Jefferson acknowledged the political divide in the country in 1801 and attempted to temper the arguments by saying, "We are all Republicans, we are all Federalists." In the true spirit of our 3rd president (but with an economic twist to the discussion), we are all Jeffersonians; we are all Hamiltonians. We are all microeconomists. We are all macroeconomists. (And an increasing number of us are behavioral economists.) We all favor monetary policy, and we all favor fiscal policy. We all lean toward a neoclassical approach, and then tilt toward a neoliberal bent. Find your sweet spot and explain why you - with all of the variations available - have chosen to land at that spot.

Please address the aforementioned topic in ~1500 words.

Start by briefly explaining the theory (theories) that are under consideration;

Then, explain your reasons for rejecting those that you discard. In the end, you will be whittling down your choice to one theoretical framework;

Explain the plusses and minuses of the framework you embrace;

Explain why the plusses outweigh the minuses, and

How should your decision be used to inform future policy choices? (In other words, when President Biden decides to focus his attention on America's economic problems, he should be able to pick up your paper and get everything he needs to know in your 1500 words.)

Be mindful that you are writing about economics in the American tradition. Be mindful of the political constraints in a federalist republic under which you operate.