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Question Description

1. What is the difference between self-interest and selfishness?  Why is this distinction important when considering the competitive market economy as appropriate for a society?

2. Does your textbook present only positive economics and avoid any normative economics? If not, give some examples of normative issues covered in your text book.

3. What did Adam Smith believe serves to curb self-interest in an economy?

4. What does it mean to seek the kingdom of God in a democratic capitalist economy?  How can it be done?

Final Answer

Peter C (117)
New York University

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