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6 Dec 2018

what main thesis does this tell us about modern Economics? your inital reaction?

Article name is : In defence of the dismal science

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Elin Hessel
Elin HesselLv2
8 Dec 2018
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Related questions

How the Dismal Science Got Its Name
Click here to watch the video.LINK:

https://www.youtube.com/watch?v=KBC2Lza7Yck

1.

"My continual aim has been to show the eternal superiority of some men to others..." This quotation can be attributed to someone who:
 
 

1.believed in inequality and supported slavery.
 

2.opposed both laissez-faire economics and slavery.
 

3.supported free-market economics.
 

4.preferred the "dismal" science to the "gay" science.

2.

The essayist who called economics the 'dismal science' did so because he did not like:
 
 

1.the constant focus in economics on opportunity costs.
 

2.the prediction of economic theory that populations would eventually starve.
 

3.the difficult mathematical analysis used in economics.
 

4.the anti-slavery conclusions of economic theory.

3.

The title of the work in which the phrase "dismal science" is first used is:
 
 

1.An Essay on the Principle of Population
 

2.Six Essays on The Elements Of Political Economy
 

3.Occasional Discourse on the Negro Question
 

4.An Inquiry into the Nature and Causes of the Wealth of Nations

4.

Influential economist John Stuart Mill responded to Carlyle's pro-slavery writings by calling them:
 
 

1.the work of the devil.
 

2.more dismal than economics.
 

3.a watershed moment in the history of free-market economics.
 

4.sound economics but bad public policy.

According to the article "What Does GDP Really Tell Us About Economic Growth," Khan discusses additional solutions to measure economic status alongside GDP. Select one of the suggested metric proposals and describe its purpose. Would this metric be more accurate when used alongside GDP? Here is the link:

http://www.telegraph.co.uk/finance/economics/11159277/What-does-GDP-really-tell-us-about-economic-growth.html

According to the article "What Does GDP Really Tell Us about Economic Growth," Khan discusses the pitfalls of GDP. Describe how these pitfalls have affected the overall economic status of a country. Conduct research to find an example of a country that has been affected by the pitfalls of GDP and describe the circumstances surrounding the country's position. Here is the link http://www.telegraph.co.uk/finance/economics/11159277/What-does-GDP-really-tell-us-about-economic-growth.html

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