Question: There are 2 essays to write
1. Write an essay in which you explain what is meant by reductionism and how it appears in microeconomic theory. Explain what is overdetermination and how this concept plays a role in economic theory. Between these two paradigms (reductionism and overdetermination), better fits with your understanding of the world and why?
2. Keynes argues that the two main problems with capitalism are, first, the problem of inadequate aggregate demand, and second, the problem of inequality. How is this similar to Marxism and how is it different?