Question: Your textbook presents an argument about how capitalist economies work, and therefore how society ought to be organized. What is the overarching argument? What assumptions
Your textbook presents an argument about how capitalist economies work, and therefore how society ought to be organized. What is the overarching argument? What assumptions does the textbook make to explain how markets function? Do you find these assumptions reasonable why or why not Do you think the theories of firms and markets presented in the textbook provide accurate descriptions of reality why or why not Authorsvideos from the second half of the course present alternative arguments about how capitalist economies work, and therefore how society ought to be organized. How is their approach different? According to these authorsvideos what is wrong with or missing from the textbooks depiction of how markets operate? What is wrong with or missing from the textbooks depiction of how firms operate? How do the arguments they present cast capitalism in a different light? Provide specific examples from various textsvideos where possible. Finally, which set of arguments do you find more persuasive? Take a stand. Explain your position.
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