Review problem on the economic growth

Assignment Help Microeconomics

Reference no: EM132145568

Question: Please answer in 7-8 sentances:

"Future historians may well write the epitaph of our civilization as follows:

From command and tradition came stagnation and stability

From liberty and science came rapid growth and change.

From rapid growth and change came economic instability.

From instability came demands which ended growth and change.

Ending growth and change ended science and freedom."

Discuss this alleged conflict between economic growth and measures to secure economic stability by referencing the major economists such as Adam Smith, Malthus, Ricardo, Mill, Marx, Keynes, and Friedman. (You can add any other economist you feel necessary)

[Hints: The answer to this question requires you to evaluate capitalism as a system in a historical context]

Reference no: EM132145568

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