what was the nature of “pre-classical” economic inquiry, and what characterizes the focus of “classical” economics as exemplified in particular by Adam Smith. – Following on from Smith, what were
the contributions/questions raised by other classicals; specifically, Malthus, Ricardo, Mill, and Bentham (Feel free to include others if you like). – In less than the three volumes of Das Kapital,
explain as succinctly as possible the contribution/perspective of Karl Marx, and consider the validity of the so-called “labor theory of value” – Neoclassical economics springs from the viewpoint
that consumers (“households”) and producers (“firms”) are optimizers. Explain what they are optimizing and construct as rigorously as you can a diagrammatic illustration of a “neoclassical
equilibrium”.