Ivan Boesky, Marc Rich, Nelson Bunker Hunt, and Martha Stewart are all names that will deliver serious hits on an Internet search for capitalist risk-takers whose actions have brought them shame.
YOUR TASK: Choose someone who has been involved in a financial scandal in the history of US capitalism and post on your blog the circumstances of their 'fall from grace'. A google search of 'financial scandal' should get you started.
Don't feel limited to recent scandals, any financial scandal in the history of the US is your only confine.
Friday, February 16, 2007
Friday, February 2, 2007
Capitalism replaces Mercantilism
Adam Smith's Wealth of Nations ushered in a new era of economic thought. He is considered the father of capitalism. Capitalism replaced Mercantilism as the leading economic theory. Do some internet research on both terms and create a Blog entry including the following:
- Definitions of Capitalism and Mercantilism.
- When Wealth of Nations was published.
- How this changed the role of Government in business.
- What did Smith mean by the invisible hand.
Post your answer on your Blog.
Thursday, February 1, 2007
Weekly reading and posting
Go to an internet news service (CNN, MSNBC, FOXNEWS, etc..) and find a business article that interests you. In a post on your own economics blog, create a link to the article and write a summary.
When you are finished, get two of your classmates to read your summary and post a reaction to it.
This assignment repeats every week we have class.
Send me an e-mail with a link to your blog so I can give you credit.
When you are finished, get two of your classmates to read your summary and post a reaction to it.
This assignment repeats every week we have class.
Send me an e-mail with a link to your blog so I can give you credit.
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