scroll to top
Stuck on your essay?
Get ideas from this essay and see how your work stacks up
Word Count: 1,534
Capitalism as an economic system is extremely complex Its factors and variables fluctuate greatly over the long run As a result capitalist countries experience the highest of highs and the lowest of lows One need only look to the postwar expansion of the Roaring Twenties followed almost immediately by the Great Depression to find this proof Such a situation logically leads to certain questions Is this the best possible system Is the unprecedented expansion worth the atrocious suffering that is sure to follow What causes such wild swings in the economy Can they be controlled These questions have been pondered over since the trends of booms and busts in capitalism were discovered Three such thinkers and the way they dealt with these problems will be examined here Karl Marx William Graham Sumner and John Maynard Keynes all provided different answers in accordance to their preexisting and underlying philosophical beliefs The answers range from the outright denouncement of capitalism to a much more positive view of it as the best system and one that could be manipulated favourably This paper will examine how each economist it could be argued that Keynes was the only true economist in the lot went about explaining the capitalist phenomenon of the boombust cycle Each analyzes the subject from a different vantage point and so this must be taken into account Finally it will look at the various maxims each was working from with specific interest paid to the economic angle Karl Marx lived in Europe in the mid nineteenth century when he wrote about capitalism and society in general He was one part economist one part sociologist and one part revolutionary Not only did he attempt to explain society and the economy as he saw them but he wanted to change them Capitalism he felt was the cause of most if not all of societys ills This in large part was due to the boombust cycle Marx did not see
@Kibin is a lifesaver for my essay right now!!
- Sandra Slivka, student @ UC Berkeley
Wow, this is the best essay help I've ever received!
- Camvu Pham, student @ U of M
If I'd known about @Kibin in college, I would have gotten much more sleep
- Jen Soust, alumni @ UCLA