Course materials

1. Please write a 3-5 pages essay based on the following scenario: You walk
into a
Please write a 3-5 pages essay based on the following scenario:You walk into a coffee shop
with only 4 tables and all of them are occupied by well-known philosophers and
economists. You have to join one of the tables. Choose the table wisely as you will represent
their approach to political economy.After a few cups of coffee, a debate starts between the
tables about the best way to socio-economically organize a society to make sure that
resources are used most efficiently. In other worlds, what is the most suitable political
economy approach for the society?When it is your turn to talk, you start your argument
explaining why you choose to sit on that particular table, what are the main arguments of
your table and why you did not choose the other three tables (i.e. refute their arguments on
political economy for each of the other three tables.)Table 1. Adam Smith, David Ricardo,
Friedrich Hayek, Milton FriedmanTable 2. John Stuart Mill, John Maynard KeynesTable 3.
Friedrich List, Alexander HamiltonTable 4. Karl Marx, Vladimir Lenin, Immanuel
Wallerstein