Study Books Used in Class:
Ekelund/Hebert. A History of Economic Theory and Method, 5e.
Waveland Press. ISBN: 978-1-57766-486-4
In a well-crafted, 2 page, double-spaced essay (i.e., one with an
introduction and conclusion), please address the following question(s).
References to specific passages of original source material may be used to
strengthen your argument; however, please be sure to cite them
appropriately. Any citation style you choose is fine.
Your essay will be graded for grammar, style, and clarity; therefore, a
poorly written essay will receive lower points than one with the same
argument that is well-written. Please remember that I am happy to assist you
with your writing skills by giving you feedback before the essay is due.
Explain how Marx’s theory of a falling rate of profit under
capitalism has similarities to both Smith’s and Ricardo’s