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Please write a 3-5 pages essay based on the following scenario:
You walk into a coffee shop with only 4 tables and all of them are occupied by well-known philosophers and economists. You have to join one of the tables. Choose the table wisely as you will represent their approach to political economy.
After a few cups of coffee, a debate starts between the tables about the best way to socio-economically organize a society to make sure that resources are used most efficiently. In other worlds, what is the most suitable political economy approach for the society?
When it is your turn to talk, you start your argument explaining why you choose to sit on that particular table, what are the main arguments of your table and why you did not choose the other three tables (i.e. refute their arguments on political economy for each of the other three tables.)
Table 1. Adam Smith, David Ricardo, Friedrich Hayek, Milton Friedman
Table 2. John Stuart Mill, John Maynard Keynes
Table 3. Friedrich List, Alexander Hamilton
Table 4. Karl Marx, Vladimir Lenin, Immanuel Wallerstein