economic thinkers

| February 9, 2016

economic thinkers

Order Description
Part A: Answer one of the following 3 questions in a short legibly-written or
preferably typed essay, of maximum 500 words:
1. Do you think that economic thinking has progressed, in the sense of the evolution
of a science, in that economic ideas have progressively become better and are
hence better today than they were in the past? Why or why not? Explain, giving some
examples.
2. Who, of the economic thinkers you have studied in this course, do you think
provides the most accurate description of the workings of the economy and of
economic behaviour, both with respect to his or her times, and ours? Explain.
3. Which, of the major schools of economics you have studied in this course (e.g.
Classical, Neoclassical, Marxian, Keynesian, Austrian, Institutional, Schumpeterian,
etc.), do you feel provides the most accurate description of the workings of the
economy and of economic behaviour, both with respect to the school’s times, and
ours? Explain.

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