This text was adapted by The Saylor Foundation under a Creative Commons Attribution-NonCommercial-ShareAlike 0 License without attribution as requested by the work’s original creator or licensee. Preface

FOR YOUR REVIEW

1. 
   In what ways might capitalism be a better economic system than socialism? In what ways might socialism be a better economic system than capitalism?
   
2. 
   Write a brief essay in which you discuss the values capitalism and socialism seem to develop among the people who live under either type of economic system.
   

[1] Smith, A. (1910). The wealth of nations. (Original work published 1776). London, United Kingdom: University Paperbacks.

[2] Bowles, P. (2012). Capitalism. New York, NY: Longman; Cohen, G. A. (2009). Why not socialism? Princeton, NJ: Princeton University Press.

[3] Lewis, A. (2012, January 14–15). Occupy Mitt Romney! Bangor Daily News, p. C3.

[4] Russell, J. W. (2011). Double standard: Social policy in Europe and the United States (2nd ed.). Lanham, MD: Rowman & Littlefield.

[5] Russell, J. W. (2011). Double standard: Social policy in Europe and the United States (2nd ed.). Lanham, MD: Rowman & Littlefield; Sejersted, F. (2011). The age of social democracy: Norway and Sweden in the twentieth century (R. Daly, Trans.). Princeton, NJ: Princeton University Press.

[6] Bureau of Labor Statistics. (2012). 2012 employment and earnings online. Washington, DC: Author. Retrieved from http://www.bls.gov/opub/ee/home.htm.

[7] US Census Bureau. (2012). Statistical abstract of the United States: 2012. Washington, DC: US Government Printing Office. Retrieved fromhttp://www.census.gov/compendia/statab.