One of the main differences between how Political Economists view discrimiantion
ID: 1202267 • Letter: O
Question
One of the main differences between how Political Economists view discrimiantion compared to Neoclassical economists is that.
Neloclassical Economists believe that discrimination can be persistent and sustained, while the Political Economist believe that it will only be sustained in a non-competitive market.
Neoclassical Economists and Political Economists both agree entirely on all aspects of discrimination and recommend governemnt action to eliminate the problem.
Political Economists believe that discrimination is an individual problem, while Neoclassical Economists believe it is a group or society problem.
Political Economists believe that discrimination is persistent and sustained, while Neoclassical Economists believe that it will only be persistent in a non-competitive market.
A.Neloclassical Economists believe that discrimination can be persistent and sustained, while the Political Economist believe that it will only be sustained in a non-competitive market.
B.Neoclassical Economists and Political Economists both agree entirely on all aspects of discrimination and recommend governemnt action to eliminate the problem.
C.Political Economists believe that discrimination is an individual problem, while Neoclassical Economists believe it is a group or society problem.
D.Political Economists believe that discrimination is persistent and sustained, while Neoclassical Economists believe that it will only be persistent in a non-competitive market.
Explanation / Answer
D.Political Economists believe that discrimination is persistent and sustained, while Neoclassical Economists believe that it will only be persistent in a non-competitive market.
Those who followed adam smith footsteps are -neoclassical economist,Smith argued that competitive markets caused people to serve the common good,Smih states that an individual in a market economy is led by an invisible hand to promote an end which was no part of his intention,If the market works then there is no obvious role for the government except to print money and defend the country miliatary- extended this argument to suggest that the market will take care of discrimination and will ultimately help to provide opportunity,
On the other hand political economist suggest that the end of capitalism was required to alleviate the problems of discrimination,It is persistent and sustained in the capitalist system
Related Questions
Navigate
Integrity-first tutoring: explanations and feedback only — we do not complete graded work. Learn more.