Both Stilwell and Sackrey use the 2007 economic crisis as an example of the limitations of classical economic theory, and to assert the superiority of a political economic perspective. Does the post-Covid economic crisis of 2020/2021 mirror what happened in 2007? How does the present-day crisis demonstrate the benefits and/or shortcomings of classical economic analysis? What about the benefits or shortcomings of a political economic analysis?

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Both the 2007 economic crisis and the postCovid economic crisis of 20202021 share similarities such ... View the full answer