Compare and contrast the general macro-economic theory of capitalism and communism. Who were the main theorists of each system? Why were they developed? What were the theoretical principles, characteristics and goals of each system? Where and when did the macro-economic systems exist? Were the theoretical characteristics and goals of the systems actually achieved when the systems were practiced? Did Communism produce a 'paradise on earth'? Did capitalism's 'self interest and invisible hand' always produce 'communal wealth'?

Answer rating: 100% (QA)

Certainly Lets compare and contrast the general macroeconomic theories of capitalism and communism Capitalism Main Theorists Adam Smith often regarded as the father of capitalism laid the groundwork f... View the full answer