Explain the two types of free market philosophies, as we have defined them in class: the laissez-faire philosophy and the competitive philosophy

take-home essay #1

A hard copy of this essay is due in class on the date indicated in your syllabus.

Please put your full name, your section number, and “Essay #1” on the first page of your exam. Your answer should be approximately 3-4 pages in length. Your exam should be computer-printed in 14-point font, with no more than one-inch margins all around, double-spaced.

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Write your answer as a teacher explaining these ideas to an imaginary class of students who have not heard this material before. You may study with other students while preparing this essay. Please be sure, however, that the answer you turn in is substantially your own, and not simply copies or paraphrases of someone else’s words. If you do work with anyone else, you must list their names on your essay.

Essay #1 Explain the two types of free market philosophies, as we have defined them in class: the laissez-faire philosophy and the competitive philosophy. What is the goal of competitive philosophy? Give some real-world examples of government strategies that might promote the goal of competitive philosophy. Does laissez-faire philosophy have a goal? Explain. Give some real-world examples of programs presently funded by the government that would no longer exist in a laissez-faire society. Given the choice between these two philosophies, which one do you think makes more sense, considered as a philosophy of socialjustice? Why?

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