3.7 Failure of Socialism – Theory

Which course objectives would you like to work on this week?

(The complete list is found in your worksheets)


What skill are you pretty good at and would like to master?


What skill do you struggle at and would like to become resilient at?

Question of the Week

What Are the Implications and Consequences of These Ideas?

Socratic Questions (for understanding):

What is the purpose of this chapter?

What is the main problem the author is trying to solve?

What information or evidence is provided in support of the main question?

What inferences (conclusions) do the twins want you to draw, based on the evidence?

Socratic Questions (for analysis):

What concept is the author discussing?

What assumptions are being made?

What are some implications or consequences of these ideas?


Reading for Discussion

Read, pages 221-237 of Lessons for the Young Economist.

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