We will be analyzing four economists in chapter 4:
• Adam Smith: Chapter 4 in textbook
• John Maynard Keynes: Chapter 4 in textbook and: watch https://youtu.be/CkHooEp3vRE?si=fgUYC9qEzErnehd8
• Thomas Hobbes: https://youtu.be/9i4jb5XBX5s?si=FDWO2CA4CYdCctkQ
• Karl Marx: Chapter 4 in text book and watch the following https://www.youtube.com/watch?v=IyrhoHtSkzg
The economy is often not self-regulatory, and some intervention is required to achieve the well-being of society. Select one of the Thinkers listed below. What were his thoughts on government intervention? What events may have contributed to this stance?
Adam Smith
John Maynard Keynes
Thomas Hobbs
Karl Marx
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