Order Description
GUIDANCE SHEET FOR ESSAY I
The late Milton Friedman was a renowned Nobel Prize winning economist who has greatly influenced U.S. economic policy over the past 45 years. He is also known world-wide for his defense of free-market capitalism.Following his lead, many economists are willing to place a great degree of confidence in the ability of markets to efficiently and justly allocate society’s resources. The principal goal of this assignment is to develop a critical understanding of Friedman’s position and the issues it involves. A second goal is to practice writing a properly researched and crafted essay. Your essay should provide treatment of the following:
1) Milton Friedman considers himself to be a “liberal” in the John Stuart Mill sense of the term. What does he mean by “liberal”? Why is Friedman considered a “conservative” in contemporary America?
2) What does Bruce Scott view as the need and nature of a ?visible hand??
3) How does Stephen Marglin support his claim that ?markets have undermined all that is good about community??
4) What are the grounds on which George Lodge defends ?the need for ideological consciousness?? What does he mean by ?communitarianism??
5) Why do economists judge the appropriate role of the state so differently? How might it be related to their differing views on public versus private goods? How might it be related to their views concerning human behavior?
Your essays must demonstrate a critical comprehension of the above issues.They should draw from all the readings in Part I, Section E of the syllabus and each of these readings must be referenced.References may include either a direct quotation or an idea from the readings expressed in your own words. Both must be appropriately cited. Your essay must use in text citations and references as set forth in the endnote below. All of the readings, not found in the course textbooks, are available in the E-Reserves section of our Blackboard site, as well as on reserve in the library (reserve room on underground floor).Counting everything, papers may not be more than 1250 words in length (Please provide word count at the end of the paper. It will be approximately three and 1/2 typewritten, double-spaced pages).This assignment is due at 11:00 a.m. on October 10. It must be submitted in hard copy.
P.S.To save paper and thus trees, please write on both sides of your pages and do not use cover sheets. Title and your name can come at the top of your first page of text.
Grading: There are 10 points for this Essay:
Eight points for content and quality of exposition.
One point for proper referencing.
One point for no more than 5 spelling or grammatical mistakes.
There will be a 2 point penalty for papers late 1-7 days.The penalty for papers later than a week will be the full 10 points and they will not be graded! There will be a 2 point penalty for papers longer than 1250 words.
Some hints on writing a good essay:
1) Outline your paper before writing it so as to ensure that the paper will unfold as you wish.
2) Choose a title for your paper that is suggestive of your essay.
3) State what your essay is about in the first paragraph.
4) Divide your paper into sections with section headings (your outline will make this easy).
5) Bring your essay to a clear conclusion in the last paragraph.
6) Check for spelling and correct grammar.
7) Check that your references are correctly listed at the end.
8) Read your paper out loud.
9) Continue revising until a big smile spontaneously comes onto your face.
10) Ask a friend to proofread and comment on your paper.
