Question
1.The different types of socialists, were critical of the main stream classical economic thinking and performances. What were the weaknesses of the classical economic practices,
1.The different types of socialists, were critical of the main stream classical economic thinking and performances. What were the weaknesses of the classical economic practices, which gave rise to the challenges made by the different groups of socialists
2.Explain the common features of the different types of socialism developed to challenge the main stream classical school.
Utopian socialism: argued that free competitive market was unjust and irrational
3.Discuss the lasting contributions of socialism and socialists for the betterment of workers and society at large.
4.Examine and explain Marx's theory of historical materialism.
4.Having examined and discussed Marx's analysis of the prevailing economic situation of his time, discuss your views of the strengths and weaknesses of his analysis in to-day's context. Support your discussion.
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