EcoNOMICS

read the attachment,and answer the question one by one Book II: Distribution (p. 351-353) Chapter I: 1.What does JS Mill argue about the laws of production and the laws of distribution? Chapter XI: 1.What does determines wages, according to J.S. Mill? 2.What is the “wages-fund” (or wage-fund) and how does it affect the level of wages in a country? Book IV: Chapter VI: (p. 367-370) 1.Where do the increase of wealth and the progress of capital (accumulation) eventually lead society and the economy, according to Mill? 2.Is the stationary state an avoidable situation, according to Mill? 3. What does Mill suggest about the desirability of the stationary state? How does he justify his position? Book V: (p. 370-385) Chapter XI: 1. JS Mill distinguishes between two different types of government intervention. What are they? 2. What are the five reasons why people generally object to government interference in the economy? 3. JS Mill offers a series of six exceptions in which the government should actually interfere in the economy. Explain. OVERALL QUESTIONS: 1. Can you find evidence of Mill’s support for the workers in his writings? 2. Can you find any ecological insights in Mill’s writings? 3. Can you find any feminist insights in Mill’s writings?