Essay Questions: The Commanding Heights Part I: The Battle of Ideas Write two- to three-sentence answers for each question. Europe 1931 What was the significance of Keynes’ invention of the concepts...

Essay

Questions:

The

Commanding Heights

Part

I: The Battle of Ideas

Write

two- to three-sentence answers for each question.

Europe 1931

What was the significance of Keynes’ invention of the

concepts of Macroeconomics: Inflation and unemployment?

Berlin 1947

What was the market’s response to price controls?

Chicago 1950

Briefly summarize the Chicago School of Economics beliefs

about the forces of the market.

London 1973

What was the main idea of “The Road to Serfdom”?

Chicago 1974

What are the effects of regulation on an industry?

USA 1979

Briefly explain the four pillars of Reaganomics.

Conclusion

What are “The Commanding Heights”?