Part 1A: Capitalism - the Dominant Perspective
I've already asked you to post a one page synopsis of the dominant understanding of capitalist economics. Free markets, supply and demand, the circular flow, profit motive, the invisible hand, upward mobility, the factors of production, etc are concepts that should be included in your work. Note, I'm not asking whether you agree or disagree with this view of capitalism - I'm asking you to show that you can articulate and understand it. If you still don't understand it, please use google and wikipedia.
In addition I would like you to read 2 (or all) of the following pro-capitalist essays and include citations, paraphrases, and reactions to the essays in a revised draft (separately posted) of your synopsis of the dominant perspective on capitalist economics. We are headed toward a long paper on how capitalism affects the AWOL - this is the component by advocates of capitalism, and should increase your synopsis to 1.5-3 pages.
College Sophomore Analysis - A college sophomore at Syracuse short essay supporting capitalism.
Capitalism Saves - An essay arguing capitalism is responsible for longer and better lives.
Milton Friedman - The most famous economist with a radical pro-capitalism, pro-free markets perspective. Recently died and this is a collection of excerpts from texts and interviews.
Wikipedia Article - This is the dominant perspective in "neutral" text.
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