“In the 1980s, the political dominance of conservative governments in the United States, Canada, Britain, and West Germany came with a neoclassical counterrevolution in economic theory and policy”. (Todaro & Smith, 2020: 133) Explain the neoclassical counterrevolution. In your answer: • Discuss the central argument of the neoclassical counterrevolution.
“In the 1980s, the political dominance of conservative governments in the United States, Canada, Britain, and West Germany came with a neoclassical counterrevolution in economic theory and policy”. (Todaro & Smith, 2020: 133) Explain the neoclassical counterrevolution. In your answer: • Discuss the central argument of the neoclassical counterrevolution.
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“In the 1980s, the political dominance of conservative governments in the United States, Canada, Britain, and West Germany came with a neoclassical counterrevolution in economic theory and policy”. (Todaro & Smith, 2020: 133) Explain the neoclassical counterrevolution. In your answer: • Discuss the central argument of the neoclassical counterrevolution.
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