Economics On the basis of your knowledge of microeconomics and macroeconomics (that you have seen in the Introduction to Economics class), discuss the validity and usefulness of this (mainstream approach) and an alternative approach that is based on the tradition of "Economia" (study of household), as in the tradition of "political economy" or "substantive economics" of Karl Polanyi's. Which approach is better, in your opinion, to understand and devise solutions to contemporary problems. You can, if you wish, for example, consider the economic problems associated with the "pandemic" in this respect, Discuss.

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Mainstream economics could be a term accustomed describe schools of economic thought considered to be orthodox Many of the underlying categories within and ideas central to mainstream economics are re... View the full answer