One of the famous Utopian Socialists, Robert Owen, disagreed with Adam Smith that self-interest would bring harmony of interest. Explain his viewpoint on the relationship between human character and their surrounding environment and the social revolution that he introduced in his New Lanark Mills in order to prove his theory

Q: According to Rushkoff (2009), the philosophy of corporatism is:    A. To suppress lateral…

A: Corporatism was originally defined as a political ideology which segregates the society in to…

Q: As we look at contemporary real-world economic systems, it is evident that market socialism is an…

A: Answer-

Q: Karl Marx believed that capitalism was a necessary, if unhappy, stop on the road to a higher order…

A: The system being based upon the private ownership of the production means as well as their operation…

Q: In this second module, you are introduced to the laws of supply and demand. This question we are…

A: Demand :Demand is when a consumer has the desire to buy something at the price that he is ready to…

Q: Liberal view, which prevails in economics education today, ......... choose one or more a) society…

A: Social economics in recent liberal times being an important branch of economics and social science…

Q: What are the positives to a functionalist perspective

A: The functionalist perspective refers to the perspective which explains that society is interlinked…

Q: Marx’s historical materialism created a revolution in political economy. Why? Identify and summarize…

A: Karl Marx's historical materialism: Karl Marx theory was based on the expansion of the capitalist…

Q: Based on what you have learned in this module, giving two different examples, discuss whether "From…

A: The ownership of the means of production is socially controlled as compared to privately owned in a…

Q: What did mercantilism see as the economic goal for society? Why was poverty seen as essential?…

A: Mercantilism was an economic theory and practise popular in Europe from the 16th to the 18th…

Q: The perspectives of heterodox schools of economic thought draw upon Classical Political Economy,…

A: Economics is a branch of social science that describes and analyzes the behaviors and decisions…

Q: The process by which people try to control the images that other people form of them is called:…

A: The statement refers to a process in which individuals actively try to influence or shape the way…

Q: What is purpose of Marxist Theory ?

A: Marxist theory is more concerned with philosophy. His theory shows the political and economic way of…

Q: Contrast laissez- faire( classical school of thought) vs Keynesian economics

A: Economics, it’s the science that speaks about the causes and explains the aspects that are linked…

Q: According to George Akerlof, the fundamental reason for market failure is Moral hazard Adverse…

A: According to George Akerlof, the fundamental reason for market failure is Asymmetric Information.…

Q: In Capital Marx begins his analysis by pointing out that the wealth of societies in which the…

A: Karl Marx was a German philosopher, economist, historian and revolutionary. He is known for his…

Q: Regarding the distributive justice hypothesis, I thought utilitarianism was the most persuasive.…

A: It can be defined as the satisfaction, well-being, or benefit that an individual gets from consuming…

Q: Take into consideration the fact that this course tries to analyze the history of economic thought…

A: Economic theories help in understanding different economic problems.

Q: When looking at the economics of marriage, how would a functionalist theorist and a social exchange…

A: The structural functionalist point of view, marriage and family are an essential structure square of…

Q: Scenario: A country has been suspected of ethnic cleansing or genocide, and the United Nations is…

A: The central issue revolves around the ethical dilemma of whether it is reasonable to force democracy…

Q: Remember the Hawthorne Studies from Business & Society, Principles of Management, and/or…

A: 1.  The idea of reasonable expectation of privacy has changed over the years just as business…

Q: In 2000, the President of the United States gathered relevant parties together for peace…

A: The objective of the question is to identify the strategy used by violent groups who targeted…

Q: Which of the following is NOT characteristic of a capitalist economy? Group of answer choices…

A: The activities that are related to production, sale, consumption and exchange of resources between…

Q: defend the claim that china has adopted mercantilist theories

A: Mercantilism is the policy of encouraging trade for economic growth.

Q: n Venezuela, the successor of Hugo Chavez, Nicolas Maduro Multiple Choice quickly returned the…

A: This can be defined as a concept that shows the continuous progress in any nation it does not happen…

Q: Romer’s (1986, 1990) approach to endogenous growth laid out a model which appeared to show that…

A: Romer's endogenous growth model posits that technological progress and knowledge accumulation leads…

Q: Adam Smith is the thinker who is considered the founder of communism.  Group of answer choices True…

A: Communist economy: - it is that economic system where the major portion of resources in an economy…

Q: Private property rights do not conflict with human rights. They are human rights. Private property…

A: According to Armen Alchian, a property right is "the right to determine the use of a resource,…

Q: Q.4 The Classical and Marginalist economic schools of thought are among the most important schools…

A: Classical economists created their "magnificent dynamics" during a time when capitalism was emerging…

Q: What is meant by "path dependence" in the context of the transition from socialism to capitalism?…

A: Transition societies move through a series of systemic changes aimed at developing market-based…

Q: What caused Americans, and in particular, the middle-class leaders of the Progressive movement, to…

A: Leaders are people who represent the economy at various levels. Leaders are the people who help the…

Q: O c) Das Kapital

A: Explanation: His known titles square measure the 1848 pamphlet The Communist Manifesto and the…

Q: Define economics and describe the two types of economic systems: capitalism and command economy.

A: Economics refers to social science dealing with the generation, distribution, and the consumption of…

Q: The term "creative destruction" means: Group of answer choices   We should not have moved into…

A: Economics as a subject deals with the effective allocation of a limited amount of resources on…

Q: Generally speaking, managerial economics is the application of economic theory to the field of…

A: A subfield of economics called managerial economics studies company decision-making through the use…

Q: Please help me connect the transformation of aswang in the views of Karl Marx, Durkheim, and weber.…

A: The foundation of schools of social work, often known as classic sociological theory, was built by…

Q: st ask Bill Gate. True False

A: Since you have asked multiple questions, we will solve first question for you, if you want other…

Q: One for the unitary model, Samuelson's Consensus Model (1956) & the Non-unitary model for the…

A: A single economic agent chooses behaviors that optimize his or her utility function while keeping a…