People you should be familiar with: David Ricardo, Karl Marx
Answering three questions below. (Each answer should be no longer than two paragraphs or 1 page. Text should be double spaced) Please do not use ‘correct’ references. The essay should be in your own words.
- Outline the assumptions behind the classical economists’ labor theory of value. (By assumption I mean the presumed shape of the long-run supply curve, market structure, and the homogeneity of
labor.) To what extent do you think the labor theory of value could still be used today to explain long-run relative prices.
- How would you characterize the political views of David Ricardo on the role of government in managing the economy? Given these views, why did Ricardo’s theory of value and distribution lead to the rise of Radical Ricardianism? (EK Hunt is a good source here.)
- Explain Marx’s theory of exploitation and evaluate its usefulness as contemporary political-economic theory. Does the theory persuade you? Why or why not?
ist development, the response of Victorian verse. His first sonnet "Alfred Prufrock's Love Song" is known as one of the most acclaimed works of the innovator development. In his sonnet, Elliott consolidates the subjects of dry spell, sex, and passing. Unique The accompanying examination paper is a thorough and definite investigation on T.S's life and verse. Elliot's exploration included an exact re-rectification of his life, at that point a careful investigation of TS intricate and disputable verse by a private examination of my "Alfred Prufrock's Love Song" and two pundits I proceeded with artistic examination. At that point Robert McNamara examined his "Scrutinize of Poetry, Vol. 31", trailed by "Clarification of Life by Will and Ariel Durant: Survey of Modern Literature". T. Eliot 's impact on verse didn't arrange in the twentieth century. His work was scrutinized in light of the fact that it was unique in relation to different works of the time, however his disparities were viewed as the start of the purported "current verse". His exceptional style is affected by his American convention, his profound breakdown, and how to peruse it in Italian. Renaissance and an image of France. His remarkable knowledge into society and writing has given him another point of view on his profoundly compelling artist and pundit, as he spearheaded contemporary verse. Alan Ginsberg T. Elliott. These two individuals can not be a more ideal case of the verse of the twentieth century. Their sonnets are T.S., the last piece of Alan Ginsberg's portrayal. Like Elliott, it was distinctive for the change in the primary portion of the twentieth century. The two writers have their own style and language, and it makes their verse interesting. Eliot and Ginsberg are altogether different in numerous regards and speak to the difference in verse between the second and twentieth hundreds of years.>GET ANSWER