This is a paper that is focusing on the student to explain the physiocrats ‘views on the role of agriculture in the economy. The paper also provides additional information to use in the writing of the assignment paper. Below is the assessment description to follow:
Explain the physiocrats ‘views on the role of agriculture in the economy
Part 1 (introduction, main part, conclusion, and bibliography). Part 2 (introduction, main part, conclusion, and bibliography) Part 3 (introduction, main part, conclusion, and bibliography). Each can only be 2000 words or 5 pages long. The maximum for all three parts combined cannot be more than 6.000 words or 15 pages.
Format: Times new roman, 12 1.5 line spacing Each page needs numbers Margins: 2cm left, top, bottom, and right
Part 1A: Grain laws in Britain created debate in the 18th and 19th centuries and were part of a larger debate on how the economy could best be organized so that people got the food they needed. First, explain the physiocrats ‘views on the role of agriculture in the economy and Thomas Malthus’ theory of the connection between population growth and food production. Use David Ricardo’s arguments against the grain laws and discuss the effect that restrictions on trade between countries can have on the economy. Part 1B: Explain the difference between the classics ‘and neoclassics’ views on product valuation.
Part 2A: Explain the neoclassics’ preconditions for perfect competition and discuss criticism of these preconditions. Also Part 2B: John Maynard Keynes launched a theory with new recommendations for how to deal with crises. Explain different views on how crises are best handled, and discuss how the views on how crises should be handled are related to perceptions of what causes crises. Part 3A: Explain Arthur Cecil Pigou’s proposal for a solution to pollution problems. Also, as well as Roland Coase’s critique of this theory. Part 3B: Explain the role of cost-benefit analyzes for sustainability measures and feel free to use examples. Discuss economic criticism of the use of cost-benefit analyzes to create a sustainable economy
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