ECO Schumpeter’s Theory and Veblen’s Theory

ECO Schumpeter’s Theory and Veblen’s Theory in $7 onlyECO Schumpeter's Theory and Veblen's Theory

Explain the major departure of the Marginalist School from the Classical Political Economists. How did it change the focus of economics and leave no room for political economy at the time?

Explain Veblen’s theory of the leisure class. Explain why the leisure class is not overthrown and how conspicuous consumption plays a role in Veblen’s theory.

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