Prompt: Use the work of J. M. Clark to analyze two of the uses of...

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Prompt:
Use the work of J. M. Clark to analyze two of the uses of economics. Please use the Clark readings listed below.
Clark readings:
- J. M. Clark, “The Need for an Ethical Basis,” in The Ethical Basis of Economic Freedom.
- J. M. Clark, “Resources Available for a Responsible Economy: Agencies and Motivations,” in The Ethical Basis of Economic Freedom. (course packet)

Requirements:
What matters for your thought papers is depth and distillation, not a series of scattershot observations. These papers are designed to help you engage critically with the assigned readings. Your paper should clearly state a thesis that addresses the assigned question. In order to accomplish your goal, it is important that you attempt to read the author (or authors) very carefully and on his/her own terms.This is not the occasion to argue why an author was “wrong” or to propose alternative ways of approaching the question addressed in the reading. You should demonstrate engagement with the text through references and brief quotations (no more than one sentence) from the assigned readings for the thought paper. All quotations must be documented. The Thought Papers are intended, through the experience of writing, to improve your skills as a critical reader, writer, and researcher.

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These solutions may offer step-by-step problem-solving explanations or good writing examples that include modern styles of formatting and construction of bibliographies out of text citations and references. Students may use these solutions for personal skill-building and practice. Unethical use is strictly forbidden.

The purpose of this thought paper is to provide an in-depth analysis of two of the uses of economics while drawing from the works John Maurice Clark (1955a), “The Ethical Basis of Economic Freedom”. In particular, the paper will cover Lecture I and Lecture II of the text i.e., “The Need for an Ethical Basis,” and “Resources Available for a Responsible Economy: Agencies and Motivations.” In these two works, Clark (1955a) reveals the conclusions he made after years of research on the prospects and issues associated with competition within capitalism. Based on his writings, his general stance seems to be the notion that capitalism would better survive the threat of communism since it had the flexibility to ensure economic abundance and individual freedom.
In his opening remark in Lecture I, Clark (1955a), starts by comparing the world struggle between free and totalitarian systems argues that far from the arguments about propaganda, tactics, and ethical bombs, the key struggle is between “two irreconcilable ethical systems”. He describes the Soviet system as displaying more conformity and unity due to the existence of a central and totalitarian authority that achieves some level of control that a free system would otherwise be unable to impose. In this regard, people within the communist system are essentially a means to an end and their truth and feelings as sheer humans are merely dismissed as superstition whenever they do not appear to serve the needs of their rulers.
Clark (1955a) points out that ethics in the free system that oppose this kind of tight control are simply the ethics of freedom. Typical free systems must be able...

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