Economics 493/593
Winter 2012
Homework 5
Due 2/23/2012
1. Discuss Nassau William Senior's views on the poor laws. What policies did he help to enact as a member of the Poor Law Inquiry Commission?
2. How do Mill's views on utility differ from Bentham's?
3. According to Mill, what are the three types of goods? Which type is the most common?
4. According to Marx, in the transition from slavery to feudalism to capitalism, how does each new system fool workers into working harder even though, in the end, they are no better off (i.e. still at subsistence)?
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