Answer the following question: If you were to create a capitalist economy from the ground up, from the very beginning, what would it look like? What kinds of institutions would it include, what would be the relationship between them, and how would they contribute to economic growth? What laws and other incentives would be built into the system and how would they work with respect to these institutions? Would the system be dispersed or centralized? Who would govern and how? Outside research and citations are not required but not discouraged. If you directly quote or expressly use another’s ideas, please identify who you are drawing from. You must be SPECIFIC and PRECISE. I cannot evaluate or properly understand airy ideas with no basis in fact or reality, nor do I want to read about philosophies of capitalism. I want you to create. To this end, the best papers will be both CREATIVE and GROUNDED IN FACT.


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