ECON372Massachusetts Amherst Neoclassical Economic Theory Discussion

Please answer the following 2 Questions and post them here along with critical response to at least another student’s posting by the due date. Again, proper citations and their corresponding references are required for credible answers to these question. Also please respond to at least another peer’s posting with your critical viewpoints with credible insights.

Q1. Compare and contrast the major contribution made to the field of economics by three contending theories you have studied (Neoclassical, Keynesian, and Marxian) in this course, What specific theory has made a major breakthrough in addressing the economic crisis of 2008?

Q2. How do you understand the theory of capitalism? How did the concept of capitalism has changed over time and in what direction to the stage of economics of 21st century? Give specific example as part of your answer.


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