Explain the stages of history in Adam Smith’s writings. Why was
he optimistic about capitalism? What are the economic drivers
behind the dynamic of capitalism in Smith’s theory? What is Smith’s
view on class conflicts in capitalism? And explain the logic of
labor theory of value in Smith’s analysis.
List and briefly explain three very good reasons why you
certainly would want to file a tax return for a particular year
even though your taxable income was well below the filing
threshold.
Note 1: Less than three will not earn you this bonus point, so
don’t bother with just one or two.
Note 2: Yes, I am thinking of three very specific situations.
But would love to hear about other reasons beyond the three I’m
thinking of!
3. Briefly explain why a central bank will be concerned about
the exchange rate.
Does an expectation of a stronger exchange rate in the future
affect the exchange rate in the present? If so, how? (please
respond yes or no then explanation)
Is studying the history of economic thought valuable? If so
explain why, if not explain why not. In particular can studying the
HET make people better economists or does it just make them
better-read economists? explain in details