Explain the evolution of modern capitalism


Assignment:

Your essay cannot exceed 2000 words. Your essay/assignment will be graded based on how you blend your knowledge and how well you demonstrate understanding of the concepts and ideas.

1. Please explain the evolution of Modern Capitalism according to Prof Frieden. Make sure you pick 2 out of the 3 capitalism models we analyzed. Make sure you explain these two models relating your explanation to (1) the idea of national capitalism and based on (2) comparing and contrasting the relationship between state, capital and labor.

Reading

The modern capitalist world economy: A Historical overview by JEFFRY A. FRIEDEN

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Microeconomics: Explain the evolution of modern capitalism
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