USC Socialism Populist Economic Question

Description

Choose one of the following questions: High Theory 2. Reading: Screpanti/Zamagni, chapter 8.Must use references and quotes to support points and thesis.

1. The title of the chapter is “High Theory.” What does is meant by the use of “high” to modify “theory” for the period between the mid-1920s and WWII?

2. Take one of the following “socialist planning” ideas and explain what it was intended to accomplish, how it approached the problem, and your assessment of what its problems may have been.

3. One idea explained briefly in this chapter is compensatory schemes to offset the losses to people that emerge from the “creative destruction” of capitalist production. How does this idea depend upon basic market analysis, and what does it add? Are such schemes a form of planning? Could they actually be employed (that is, how would you go about figuring out how to compensate losers)?

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