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The first discussion paper of the semester will be on the assigned reading from James Fallows, “How the World Works”. This writing assignment will not require that you use any other outside sources; all questions may be sufficiently answered by referencing the article. In a three to five page paper, double spaced with 12 point font and 1 inch margins, answer all parts of each of the following questions; incomplete answers will not receive full credit.
According to Fallows, which 3 thinkers have most influenced the Western worldview and what were the contributions of each? Which thinker/contribution most frequently diverges from the non-Western worldview?
What is the primary difference between the economic theories of Adam Smith and Friedrich List as regards what is consumed vs. what is produced? According to List, why is this distinction important?
In the Anglo-American theory, what is the proper role and relationship of government to the market, society and individuals, and which is given priority? How does the relationship between free trade and political power differ between the Anglo and German schools? Explain in depth and provide examples.
In your opinion, does the United States still embrace Smith’s view or has it pivoted to List, and why do you believe it has adopted this position? Provide a thorough explanation for your reasoning and provide modern examples.
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