a. Define what is Keynesian Economics and what is Neoliberalism. What is their main difference regarding the role of government in the market place/the economy and why it matters?

b. Explain the meaning of the following quote from Professor Wendy Brown cited in my lecture:

 

Wendy Brown (Michel) Foucault, among others, taught us to think about neoliberalism as more than a set of policies, and rather as a form of governmental reason. By that he meant a form of reason that shapes our conduct across every dimension of life, from schooling to healthcare, to thinking about leisure or retirement, to survival itself. For example, do we understand education as a good oriented toward making a democracy or as an investment that an individual makes in order to enhance their human capital?

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