What about the alternative schools of thought are they

Question

Adam Smith once wrote that "It is not from the benevolence of the butcher, the brewer or the baker, that we expect our dinner, but from their regard to their own interest." This seemingly self-evident logic has helped propel economic liberalism as the dominant school of thought in the postwar period.

Is economic liberalism (aka free market capitalism) the most efficient and productive economic model we have? What about the alternative schools of thought? Are they serious challengers? Why or why not?

Answer 1

The assignment is all about economic liberalism. Complete the task by responding each part of the question in a word document; formatted in APA style. Adam Smith previously wrote that ‘It is not from the benevolence of the butcher, the brewer or the baker, that we imagine our dinner, however from their regard to their own interest’. This apparently self-evident logic has helped propel economic liberalism as the dominant school of idea in the postwar period. Is economic liberalism (that is, free market capitalism) the most effective and productive economic model we encompass? What about the alternative schools of thought? Are they serious challengers? Explain why or why not?