Economics 493/593
Winter 2012
Due on Thursday 1/26
Homework 2
1. Why is the Tableau Economique important in the history of economic thought?
2. Why was Turgot dismissed from his duties as finance minister in 1776?
3. What is the significance of the specie flow mechanism?
4. According to Adam Smith, what are the four stages of economic and social development? What are the characteristics of each stage?
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