WTE 12

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Weekly Thought Evaluations (WTEs). Each week, the instructor will ask for a 3-5 page paper on the current week’s topic. The content of the paper will respond to the topic by including a summary of the relevant chapter and/or readings and an application of that chapter material to the topic.

 

WTE 12

Please prepare a 3-5 page paper in response to this narrative and upload as indicated:

 

Karl Marx called for the “overthrow of all existing conditions”, specifically capitalism, and its replacement with socialism/communism.  John Maynard Keynes, writing in the midst of the Great Depression of the 1930s, argued for stabilization policies in order to maintain social order and progress with capitalism.  Since that time, the world has experienced both strategies.  Discuss these experiences and suggest the direction for the future of economic thought.

  • 8 years ago
  • 21
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