Classic Liberal Economic Theory

Read all requirements Please. For each part answer the following questions.
• Are the assumptions empirically accurate? Is the statement accurate?
• What are the implications of the assumptions?
• What kind of society would they create?

Remember these statements are from a classic liberal view. Keep it simple and to the point. No need for big words
Part one need to be a page for each part and two sources for each page.

Examine classic liberals’ view of justice, as summarized by Clark (1998, p. 49):
“Justice requires protection of property rights and civil rights established by the constitution and punishment of those who violate the rights of others.”
Use research on justice as you consider the accuracy and implications of this view of justice.

Clark, B. (1998). Political economy: A comparative approach (2nd ed.). Westport, CT: Praeger.

Part two
Equality
Examine classic liberals’ view of equality, as summarized by Clark (1998, p. 48):
“Equality means that all citizens have the same opportunity to engage in economic activity and the same civil rights as established by the constitution.”

Use research on equality as you consider the accuracy and implications of this view of equality.

Clark, B. (1998). Political economy: A comparative approach (2nd ed.). Westport, CT: Praeger.

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