Write an article on “two stories about growing economic inequality.” 1. William Hudson in his article on “two stories about growing economic inequality” from Week 10, contrasts the story based on long term structural economic change with the story about public policy and inequality. Briefly summarize the key difference between the two stories, and say which one you find more convincing. 2. In section B.1 of Chapter 2 of Resnick and Wolff, they describe the three key concepts that neoclassical economics uses as its foundation. List the three concepts, and briefly explain them. 3. briefly say what you think each of the main economic theories would say about a Basic Income: a) neoclassical b) Keynesian c) Marxist You do not need to do any research. You can just answer how you think the theory might approach BI just based on your understanding of the theory so far.
