Wednesday, November 15, 2017

E2 INDIVIDUALS AND BUSINESSES IN FREE MARKETS: Free enterprise is a pillar of the United States economy and is based on the principle that individuals and businesses are free to make their own economic choices as they participate
in these markets. Individuals buy the goods and services that they desire from businesses in the product markets, and they contribute to producing these goods and services by supplying the resources that they own to businesses in the markets. This activity is the basis of our private economy, and our governmental spending programs.

SHARE: Red Cross Findings

Consider: After watching this video; what is economics, really? MACROECONOMICS Crash Course


So.....is Macroencomics an attempt to plan or predict? Both? Is it forward looking or backward looking?


Essential Questions: Which do you prize more dearly, Liberty or Fairness?

* How does one guarantee Liberty? Is it an active or a passive process?

* How does one guarantee Fairness? Is it an active or a passive process?

* How would we maintain freedom while actively trying to ensure Fairness?



 Consider: Hayek on the Folly of the Planners.