Economic philosophy

What is your personal economic philosophy? How did you arrive at this belief system? What are the main arguments in favor of this philosophy and why do you consider them to carry more weight than the key arguments against? What evidence from practical public policy debates in public sector economics helped to determine your views? Finally, what key recommendations for policy modifications or reforms do your arguments and overall economic philosophy suggest for the future of U.S. budgeting, taxation, welfare, defense or other policies concerned with public goods? You need not include recommendations for all of these areas (I suggest you pick two or three), but use the whole essay to demonstrate clearly that you have grasped and researched widely in the key areas the lessons have covered. Develop and support your points with evidence from peer-reviewed scholarly literature, and primary and secondary sources where appropriate.

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