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final prompt - dominant practices norms and theories of...

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Answer one question from each group. Group I Please limit your answer to 700 words To which economic realities were Mun, Smith, Ricardo,  Marshall, Keynes, and Friedman responding in their economic  writings? While we have seen that each country develops its own type of  capitalistic society, describe and analyze the common  characteristics that capitalism introduces to all societies. Economic theorists fall into two groups with a number of  complementary characteristics loosely grouped according to  whether they take a Historical-philosophical approach or a  mathematical-logical one. Discuss these two groups using at  least two economists as exemplars of each group. Group 2 Please limit your answer to 600 words Marx did more than interpret capitalism, he analyzed the 
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Unformatted text preview: dominant practices, norms, and theories of European societies in his day. Write an essay explaining his ideas. Modernization theory and dependency theory were efforts to explain developments in the 1950s, 1960s, 1970s and 1980s. Assess them in the light of events. Capitalism has produced many critics. Discuss what they found wanting in capitalism along with some of their recommended reforms. Analyze the differences and their significance in the economic reforms in Japan, India, and China. Write an essay on how European imperialism, World War I, the Depression of the 1930s , World War II, and the Cold War influenced economic thinking....
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