Liberal, conservative, and radical economic school of thought

  1. What are key features of the conservative economic school of thought? (Consider whether this view thinks a free market capitalist economy works well and why or why not? What is the proper economic role for government in this perspective? Give examples. Also, is this view of the economy and government policy more likely embraced by the Republican Party or the Democratic Party? Explain and justify.)
  2. What are key features of the liberal economic school of thought? (Consider whether this view thinks a free market capitalist economy works well and why or why not? What is the proper economic role for government in this perspective? Give examples. Also, is this view of the economy and government policy more likely embraced by the Republican Party or the Democratic Party? Explain and justify.)
  3. What are key features of the radical economic school of thought with respect to capitalism? The focus here should be on the radical economic perspective on capitalism not socialism. Can you identify any national political figures in the United States that embrace all or part of this perspective on capitalism? Explain and justify.

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