BCOR 1015 Lecture Notes - Lecture 14: Barter, Economic Nationalism, Autarky
Document Summary
The game consisted of getting into groups, then we were given packets with different advantages written on them. We were told to value the packet as whole, then we took apart the packet and revalued it based on individual parts. Finally we were able to trade individual parts and revalued again. The whole point was just that things are more valuable when you"re able to trade and customize and group the advantages. Economic policy to have a closed economy and not allow external trade. Mercantilism- economic nationalism for the purpose of building a wealthy and powerful state. Maintain domestic employment and increase gold and silver. Module 4- day 2, manifesto of the communist party by karl marx. Module 4- day 2,an inquiry into the nature and causes of the wealth of nations by adam. Rise of the lower classes increases trade. Labor"s production and whether or not that production is traded.
