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What obstacles do you think these countries face and what do you imagine their future will be?
Why do you think capitalism has not been a great success in the formerly communist countries of Eastern Europe?
Why do you think the ideas of Marxism were mostly not realized in the actual experiences of socialist countries?
Was the decline of socialism in Eastern Europe the result of purely economic factors? What role was played by politics and culture?
Describe stagflation as opposed to inflation? Does it refer to the presence or absence of economic growth? What, in turn, determines how strong growth will be?
Why was the inflation at the end of the Golden Age so disruptive? Do you think that even without the two oil shocks it would have become so powerful a force?
Go to the internet and find a news article published within the last three months that discusses macroeconomic effects of exchange rates.
Has war always been a propulsive force for economies? How about World War I? How about winners versus losers?
Can we draw any conclusions regarding the limits of the public sector from the European experience? Do you think the same limits would apply to the US?
Why is it so difficult to create a single currency for the Common Market when we have no such problem with the 50 American states?
What would invalidate the idea that government spending is a proper and useful policy for a capitalist economy? What would validate it?
Can wasteful spending also be stimulative? Do the same considerations- and the same responses-apply to corporate spending? How does one measure waste?
Why are market structures so important? What policies make sense to you with regard to the U.S. wheat or corn markets?
How do you explain the change in political philosophy between the Hoover and the Roosevelt administrations?
What sorts of businesses would be hit by your reduced spending? Would they, in turn, curtail their expenditures?
How can the money you put into a bank get back into someone's hands as his or her income? The money you put into a newly formed business?
Assuming that this description has some truth, would you think that modern society should be described as one of tradition, command, or the market?
The CPI and PPI are both measures of the price level. How are they different, and when might you prefer one of these measures over the other?
What is usually meant by these terms? Do you think these ideas are compatible with a market system?
How do you account for this ancient churchly antipathy toward wealth? Is religion today still suspicious of moneymaking? Why?
In what ways is a serf a different economic creature from a modern farm worker? How is a slave different from an industrial worker?
What significance attaches to these different uses? What do they tell us about the structure of these societies?
Can this comparison also describe the behavior and attitude of the Egyptian peasant and Egyptian? What accounts for the difference between the two societies?
What is your feeling about the responsibility the market system bears for these problems in the United States?
Why are production and distribution social problems rather than engineering or physical problems?