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What else can I help you with?
Marx believed his economic system would pay workers according to their needs?
true. Yes it is the basis of Marxist theory.
How did the Marxist school of economic theory challenge the Classical theories?
for classical theories look up thomas malthus ... Also, classical theories say there is an "invisible hand" that guides the economy back to equilibrium. Marx said that the economy should be controlled, thus making to go to equilibrium when you want it to. Only problem is equilibrium isn't a definite spot and depends on market demand and supply. But when the market is controlled these things get trickier. I have only studied oligopoly, monopoly, perfect competition, and competitive monopoly. I would assume that a command economy would be the Monopoly, which determines the price by how much they are willing to supply that is over the marginal cost.
What is sticky wage theory?
It is an economic theory that states that wage rates are said to be "sticky" when they do not respond quickly to changes in demand or supply. An example would be employment contracts. If an economy is in recession or expansion, and the prices are either rising or falling, the wages of contract-bound employees do not change with economic changes.
What is the theory that discouraged government interference in economic matters was?
The theory that discouraged government interference in economic matters was social Darwinism. Some social Darwinists think that governments should not interfere by trying to regulate the economy as this would take away competition and self-interest in social and business matters.
What is the best book on modern monetary theory that you would recommend for someone looking to deepen their understanding of economic principles?
One highly recommended book on Modern Monetary Theory (MMT) is "The Deficit Myth: Modern Monetary Theory and the Birth of the People's Economy" by Stephanie Kelton. This book provides a comprehensive and accessible explanation of MMT principles, challenging traditional economic beliefs and offering a new perspective on government spending and deficits.
According classical republican the political theory which democratic republic would function best?
According to classical republican, the political theory, the democratic republic that would function well is that where the populace does not form part of the subjects of the head of state.
According to classical republican political theory which profession would be best suited to a member of the state legislature?
Landowner
How would a classical republican view the vigilante's in Northern Ireland?
Yes they would
Do you have to learn classical guitar lessoons to learn Bass?
Not at all, although it would give you good lessons in music theory.
What is classical marxist theory?
Classical Marxist theory, developed by Karl Marx and Friedrich Engels in the 19th century, posits that societal development is driven by material conditions and class struggle. It argues that capitalism, characterized by private ownership of the means of production, creates inherent class conflicts between the bourgeoisie (capitalists) and the proletariat (workers). Marx believed that this conflict would ultimately lead to the overthrow of capitalism and the establishment of a classless, communist society. Central to this theory is the idea that economic factors shape social structures, politics, and ideology.
In the classical economic model which of these rather than the government allocates the resources of the nation?
i believe it would be consumption nope its price
Why might a country face economic problems even after a victorious war?
A country might face economic problems even after a victorious war because they don't want communism they, they would want republican presidents.
Marx believed his economic system would pay workers according to their needs?
true. Yes it is the basis of Marxist theory.
Southern states in 1860 feared the power of a republican president Would do what?
They feared they would be at the mercy of the North in all political, economic and administrative aspect and reduced to the state of a tolerated minority.
Have the policies of President Bush and the republican congress led to the current economic situation?
Looking at the evidence available , many people round the world would say that they have.
When the Great Depression began in 1929 the most common economic belief supported by the Republican Party was that the economy would recover on its own true or false?
G
Is the US capitalizing on the Haiti earthquake?
I hope so. Supply and demand would mean good, services etc would make it there. Basic economic theory.
