Economic Theory Deep Thoughts Book Report

Open, View, and/or
Download this Document

Total Length: 565 words ( 2 double-spaced pages)

Total Sources: 1

Page 1 of 2

Economics

One of the most fascinating aspects of Chapter 4 is how the Marxists theories provide insights into how tightly economic, geopolitical and societal forces interact to redefine the foundational definition of value in a society. What's most fascinating about Marxism relative to capitalism is that fact that the former tends to see economic ecosystems as manageable and even predictable. Capitalism shows that economic ecosystems, while defined through constructs and frameworks at the macro- and micro-level, is best managed with a laissez-faire based approach to orchestrating commerce. To the Marxist, laissez-faire economic systems seem fertile for exploitation and the monopolistic aggregation of entire industries. To the capitalist, Marist economies lack the freedom to allow resources to flow to and fund innovation and needed products that a turbulently changing market require. The dichotomy of egalitarianism relative to free market dynamics is a fascinating one, and it's clear that the dividing lines of these two forms of philosophical thought could and do lead to global conflict.

Stuck Writing Your "Economic Theory Deep Thoughts" Book Report?

View All Our Example Economic Theory Deep Thoughts Book Report

Have A Custom Example Essay Written



Given these dichotomies, one of the most challenging aspects of the reading to understand was just how a Marxist-led economy can survive if it ignores or at best attempts to plan the unplannable. There is no way of knowing what demand will be for specific products, services that span the spectrum of price elasticity. Factor in product and service obsolescence and the entire level of complexity accelerates. It is difficult to see why a Marxist-led economy would ethnocentrically believe that their approaches to planning an economy to ensure egalitarianism ironically creates the same class-based economic structure with even less mobility than a capitalistic one. Equally challenging to understand is why centrally planned economies don't see the….....

Show More ⇣

     Open the full completed essay and source list


OR

     Order a one-of-a-kind custom essay on this topic


sample essay writing service

Cite This Resource:

Latest APA Format (6th edition)

Copy Reference
"Economic Theory Deep Thoughts" (2014, October 02) Retrieved May 14, 2025, from
https://www.aceyourpaper.com/essays/economic-theory-deep-thoughts-192317

Latest MLA Format (8th edition)

Copy Reference
"Economic Theory Deep Thoughts" 02 October 2014. Web.14 May. 2025. <
https://www.aceyourpaper.com/essays/economic-theory-deep-thoughts-192317>

Latest Chicago Format (16th edition)

Copy Reference
"Economic Theory Deep Thoughts", 02 October 2014, Accessed.14 May. 2025,
https://www.aceyourpaper.com/essays/economic-theory-deep-thoughts-192317
   

Open, View, and/or
Download this Document
order custom essay example