Explain the two political traditions that have emerged from this theory with regard to the role of government in relation to the private sector in particular with regard to the reasonable accumulation of property. Explain the economic philosophy of the Physiocratic school of thought. What did they consider to be the ultimate source of all wealth?
Letter Concerning Toleration Essay
Which classes did they think were productive, which ones did they consider unproductive? What were their thoughts on monarchy and democracy? Why did they advocate a single tax on rent? Why did he believe that a system of natural liberty was necessary for economic growth?
How does this change once stock has been accumulated? Elaborate 5. Why did he think it was an appropriate rebuttal to the revolutionary and egalitarian proposals of William Godwin?
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How was this theory used by the Classical Political Economists to explain the wages of labor? How and why did economic growth, in the absence of international trade, lead to changing shares of wages, rent and profit? How would these shares change? What would happen to the economy, in the long run, according to this theory? Peoposal you scared that your paper will not make the grade?
Biography of John Locke
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