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Read Chapter 32 of Rittenberg & Tregarthen, 2012 and research where needed.
Chapter 32: A Brief History of Macroeconomic Thought and Policy
Chapter 32: A Brief History of Macroeconomic Thought and Policy – Alternative Formats
Write a 3-4 page paper summarizing the history of economics, naming a few of the key players and their role in developing economies into the science it has become today. Conclude the paper with a paragraph about the difference between economics as a science and the application of those scientific principles. Ensure the following points are addressed.
Identify the leading figures in the development of the modern economic theory (Marx, Van Hayek, Keynes)
Summarize “each” figure’s contribution to the science
Conclude with a paragraph answering the question: “Is economics scientific or is it just a set of opinions and ideological biases?”
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