exam past question Economic thought ll Answer any two question 1.. briefly explain David ricardos labour theory of value B. Discuss in detail David Ricardos theory of comparative advantage and show How international trade is beneficial to world economy and to the economies of the participating countries 2a.briefly explain john Stuart milis theory of reciprocal demand. B.do a detail analysis of Adam Smith economics taking time to explain his defence of selfishness before his contemporaries, liazzez fair division of labour,productive labour and unproductive labour and his public finance 3a.who are the richardians B. Write in details Karl Maxs theory of the crises of capitalism and the two ways either of which capitalism would die. 4a.what does Lenin mean by imperialsm the highest stage of capitalism B. Write to explain How john Maynard Keynes solve the problem of capitalism in his day and so successfully revived sick capitalism 5b. Briefly explain Robert Owens performance and experience in putting socialist thought of his days into practice B.present a detail analysis of the Russian economy at the time of Gorbachev and How he brought the sick economy back to life, what does Gorbachev mean by glasnost and perestroika and glamots. What does Keynes mean by compensatory spending. In what ways is Gorbachev likened to Keynes.
Posted on: Fri, 21 Mar 2014 11:51:54 +0000