PHL 205
CONTEMPORARY MORAL ISSUES
FINAL EXAM STUDY GUIDE
PART II.

THE MORALITY OF CAPITALISM

How does Palmer define capitalism? Does he think of it as merely an economic system? What alternative definition did the instructor suggest? What does he suggest Palmer is confusing the term capitalism with (or redefining capitalism as?)

What does John Mackey, founder of Whole Foods, say about self-interest being the basis for capitalism? What does he mean by "conscious capitalism?"

How does David Boaz answer the charge that capitalism encourages a "dog eat dog" mentality, where everyone is out to beat the competition. What does he say to the contention that it fosters a society of isolated individuals who refuse to cooperate with others?

According to Dierdre McCloskey?What is the "Great Fact" to which capitalism is the best explanation?

What conclusions does Palmer derive from his experience with his back problem after using the services of both a for profit and non-profit hospital?

According to What is the "Land of Gentlemen" story mentioned by Mao Yushi, and what is it meant to represent? What was the result of the Maoist "struggle against selfishness"? How does the price system help allocate resources in a way that serves peoples' interests?

As quoted by Palmer, what did Adam Smith say about self-interest? Why is it a myth that he naively believed that greed would create a prosperous society?

According to Kelly, what false choice does altruism present us with? What is the trader principle? What is benevolence and how is it different from altruism?

According to Temba Nolutshungu, what is the link between political freedom and economic prosperity? When he visited Russia in 1991, what was the joke making the rounds? What was the result of economic freedom in one place and the lack of it in an adjoining area in East Germany, South Korea and Hong Kong?

According to Vernon Smith, Ireland's rise from third world poverty and massive emigration to surpassing many European countries in per capital GDP is due to what? According to Frederick Bastiat (as quoted in Smith), when goods don't cross borders, what happens?

AFTER THE WELFARE STATE

How does the welfare state replicate the "tragedy of the commons" problem?

According to Palmer, the welfare state policies have resulted in what consequences?

According to Piercamillo Falasca, what killed the massive Italian economic boom of 1956-65?

According to Aristides Hatzis, Greece's economic problem are due to what?

Where did the Welfare State emerge in the world, in the U.S.? Were the Nazis capitalists or socialists?

According to Palmer in After the Welfare State, how and why did the welfare state emerge?

According to Green, before the welfare state, what happened to the poor?

According to Beito, who joined mutual aid societies? Was it mostly white, middle class, native born Americans, or did other populations join?

What does Michael Tanner compare the structure of government health and old age systems to?

According to Norberg, how did the mantra of affordable housing crash the world economy?

What are there components of the classical liberal tradition, according to Palmer? How are levels of poverty related to the classical liberal philosophy?