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An explanation of the core assumption (assigned) made by most proponents of free-market economics.
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Claim/thesis as a response to the question: In what ways does Ha-Joon Chang challenge your assigned assumption in his book 23 Things They Don’t Tell You About Capitalism?
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You must use a minimum of four “Things” from Chang’s book to answer the question. The appropriate “Things” associated with each assumption are indicated above.
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How does the perspective of Smith AND the critics of the Modern Global Capital (MGC) support or contradict the assumption? Each student will be answering the question from the perspective of one of the listed economists.
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Students must also address at least one of the articles presented related to MGC [Link: MGC Critiques Folder https://drive.google.com/drive/folders/1ZWxalQWs9Kd9TD-FEA40EBWtsPUTs-wc ].
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What outside evidence (at least one source for each “Thing”) can you find to support or refute the arguments posed by Chang?
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Make one specific policy recommendation based on your research and analysis.
The core assumption that I got is Free markets are best at providing a higher standard of living and elevating countries out of poverty. (Things 1, 4, 7, 9, 10, 11, 13, 15, 17)