Explain myrdals concept of cumulative

Reference no: EM13743149

Topic - Economic Actors

1. Explain Myrdal's concept of cumulative and circular causation and compare and contrast it toVeblen's concept of cumulative causation.

2. Explain Robert Montgomery's theory of how institutional practices come about and come to be thought of and practiced over time.

3. What is Montgomery's theorized relationship between technological change and cultural change andgive (articulate) an example outside of the Montgomery reading.

Topic - Money

1. How does the standard story of the invention of money differ from the Institutionalist/PostKeynesian theory?

2. What does the Institutionalist/Post Keynesian theory of money says about the financial constraintson an economy to provisioning for the elderly?

Reference no: EM13743149

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