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Critique on Concentric Ring Theory
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- The subtitle of the Commanding Heights series is “The Battle for the World Economy”. This episode is titled “The Battle of Ideas” and begins with the introduction of the two most important economists in the 20th century, John Maynard Keynes and Friedrich von Hayek. Keynes and Hayeks ideas were oppositional to each other, yet in the end, both men would have a profound impact in the world economy of the 20th century. Write a short essay of 1-2 paragraphs identifying the basic ideas of both men and explaining why Keynes dominated the early post WWII era and Hayek that late post WWII era. I need to write a short essay around 3 paragraphsThe North Thesis. What is it? What is it meant to explain? What was North's argument? What are its salient features? Was the North Thesis correct?Write short-notes on the following: Stopler-samuelson model Rybczynski Theorem(RT) H-O theorem