This module is assessed by written essay. Choose ONE question.
Questions
The nature and scope of mainstream economics has been subject to various criticisms. Using your knowledge of different criticisms of mainstream economics, discuss ONE of the statements below:
‘To fully understand the reasons why we are not working less, we need to understand the constraints on individual choice.’
“[…] the COVID-19 virus hit with full force, giving us a vivid, real-world demonstration of the power of the MMT [Modern Monetary Theory] way of thinking… If history is any lesson, anxiety over rising budget deficits will lead to pressure to reduce fiscal support in order to wrestle deficits lower. That would be an unmitigated disaster… the most fiscally responsible way to manage the crisis is with higher deficit spending.”
Kelton, S. (2020) The Deficit Myth, p. 13
‘Mainstream economics is perfectly able to provide a method for the adequate valuation of infrastructure.’
Assignments should be a maximum of 2,500 words in length.
