WTE 12

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.