Economics Question

Overview

1. What are the main economic concepts introduced by the writers in this section of the text? For each of the concept, discussed how it represented a break with the past.
2. Are these concepts still relevant or have any practical application? If so cite where they are being used or have been used and abandoned.
3. Have the practical application resulted in benefits or problems to society, the environment or any group or class.
4. How have the concepts/ideas furthered the development of economics? Cite any school of economic thought or movements that can be traced back to these dead economists.
5. In a conclusion, summarize your opinion of the concepts and how you think that they have improved human existence.