UofM The Role of Law in Creation of Markets Essay

Compare and/or contrast the role of identity, or self-interested groups, in the creation of markets.

Compare and/or contrast the role of law, institutions and/or the state in the creation of markets.

Compare or contrast the role of science/technology in the economy (note manufacturing can be thought of as a technology also).

Drawing on two cases read in the class, compare and/or contrast how the desire to initiate societal level changes creates opportunities for entrepreneurship, enterprise or market creation.

Grading Rubric:

A          Comprehensive referencing of the reading. The writer is able to convey their arguments using a mastery of the reading. No editing, proofing or grammatical errors.

A-  Comprehensive referencing of the reading. The writer is able to convey their arguments using a mastery of the reading. 2 or less editing, proofing or grammatical errors.

B+  Demonstrates a general understanding of the reading. Some filling in of history. 3 or more grammatical, proofing, errors.

1. B    Demonstrates a general understanding of the reading with errors. May also fill in history. Several grammar errors
2. B-   Understanding has some errors but shows some understanding that don’t detract from main argument seriously. Several grammar errors.
3. C    Several errors with little understanding of main ideas.
4. C-   No understanding of the reading. Several grammar errors.

D    Paper shows little coherence.

Reading List:

Social Movements as Drivers of Business Innovation

-Hayagreeva Rao, “The French Revolution: Collective Action and the Nouvelle Cuisine Innovation”, 69-89.

Who Is Responsible for Business Growth (and where did it begin)?

-James Madison, Federalist Paper #10 (Links to an external site.)

-Read two excerpts from Alexander Hamilton, “Report on Manufactures,” 1791

Link 1: https://press-pubs.uchicago.edu/founders/documents…

Link 2: https://press-pubs.uchicago.edu/founders/documents…

BUSINESS IN THE NINETEENTH CENTURY: SLAVERY, MANUFACTURING AND THE STATE

Is Slavery One of America’s First Big Businesses?

-James H. Hammond, “Cotton Is King”

-Drew Gilpin Faust, “James Henry Hammond and the Plantation as a Business Enterprise”