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Write an essay on some aspect of the possibilities, opportunities, costs, implications, etc. of laissez faire approaches to economics and to individual rights and social obligations

You have been introduced to a number of different approaches to ethics and moral theory (e.g., Utilitarianism, Kantianism, Rands Objectivism). You have considered philosophical works dealing with economic and social issues (e.g., Rand, Nozick, and Rawls). You have considered the possible context and outcomes of various approaches to individual rights and economic and social obligations (e.g., via Matewan and Bellamys Looking Backward), and you have a great deal of personal experience living and working under our present economic and political system. In light of all that, I would like you to write an essay on some aspect of the possibilities, opportunities, costs, implications, etc. of laissez faire approaches to economics and to individual rights and social obligations such as those offered by thinkers like Ayn Rand and Robert Nozick.  Your essay must take a moral perspective, to evaluate such systems from a moral perspective.
Arguments can be offered to show that the basic conception of rights and obligations proposed by libertarian thinkers like Rand and Nozick is, despite its flaws, morally the best and most appropriate system.  Arguments can also be offered to show just the opposite.  What position you take is up to you; what matters is how well you elucidate your position and how well you substantiate that position from a moral perspective. Note: a moral perspective is not an economic perspective, although a moral perspective might allow you to argue that a particular economic consequence might be based on a flawed moral perspective or that a particular economic consequence is somehow consistent or inconsistent with some set of moral standards or goals.
In short, I want you to adopt your own position relative to the merits of such laissez faire and absolute rights approaches, and I want you to adopt it on the basis of morality.
Specific requirements:
1.A title clearly related to the content or subject of your essay.
2.A clearly stated thesis or position that you will attempt to substantiate.
3.A clear explanation of just what aspects of a particular economic/philosophical approach you are addressing (either to substantiate it or to criticize it).  This might require describing it in terms of writings by appropriate thinkers, not necessarily those we have read).
4.A clear, logical argument to substantiate your position. For example, if you are claiming that a particular position is morally problematic, you might need to describe the sense in which it is problematic and why it is morally problematic.
5.A clear response to the counterarguments that might be made by persons who take the opposite approach.  Obviously, no matter what approach you take, there will be those who disagree. A thorough moral perspective on any issue requires considering the other side.  How would they counter or object to your position or argument.  If you cannot think of how they would do that, you probably have not made a real attempt to understand that point of view, in which case you have not attempted to conduct a thorough and objective moral assessment.  
You will need to state what the counter argument would be and how or why it would be made (i.e., what is the basis for it) and then to give reasons for rejecting it
6.A summary of your argument and a summary statement of your position.
External Research:
To do all that well may take more than just 1,000 words.  You are welcome to do some external research, to read the kinds of arguments that moral philosophers have made on each side.  However, you must ALWAYS CITE the works you use.  Citations are required when you quote, paraphrase, or simply use the information or ideas that you obtain from any other source.  Cite the works used when you use them in your essay with an elliptical reference or with a footnote. Give the full bibliographic information in a list of references at the end of the essay. The references do not count toward the required length.
The Nature of Philosophical Moral Arguments:
Always recall that, when you consider moral questions, it really is not sufficient to say just that I think 
that, etc.  A moral argument should be given in terms that would be generally persuasive to others.

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