Toulmin

Due Monday for even, Tuesday for odd.

"The market economy is the best economic system available."

Agree or disagree with the statement above in a toulmin.

For Donovan

Create a powerpoint about the French Revolution

Should include:
Title Page
Major Causes
Major Events (list 10 with dates)
Major people
Major documents (including the Declaration of the Rights of Man and of the Citizen)
Major Outcomes

Go to textbook or website (www.history.com/topics/french-revolution)

Simulation Reflection

What can you say about the relationship between scarcity, supply, demand and price after the simulations we just observed? Write at least one paragraph and show Mr. Knight.

The Stimulus

What is your feeling on the stimulus plan? How does it compare or contrast with the opinions held by Republicans (the GOP)? What would Adam Smith think? Comment for extra points.

Milton Friedman

Here's a clip of respected, but controversial, economist Milton Friedman speaking on self interest and the incentive of profit:


1. Do you agree with Friedman, that the government should not provide flood insurance at low cost to individuals who knowingly move to areas with high flood rates? Why do you think Friedman is against this?

2. What do you think of Friedman's answer to the question about the man who died because the power company turned off his power after he failed to pay his electric bill? Do you agree with him? Why or why not? What point do you think he is trying to make?

Friedman on the economics of drug legalization


3. Does Friedman feel that prohibition of drugs discourages drug use? Why or why not?

4. What arguments does he use to suggest that drugs should be legalized? Do you agree? Why or why not?

5. In what ways do Friedman and Adam Smith share beliefs?

...and, lastly, Friedman on slavery and colonization