Question

article about any current event on economic how will conservative economist, liberal economist and radical economist would have address the issue?

Answer 1

As Adam Smith is likely linked to conservative economics and how Adam smith's 'invisible hands' became and anthem for conservative economists, an current event on economics is likely to draw ire if the policy defies the market forces of free hand. They follow the same philosophical outlook of classical liberalism and economic liberalism. They advocate deregulation, free trade, privatisation and tax cuts.

The liberal economists are quite similar to conservative economists, vouching the policies of economic liberalism.

The radical economists are not liberal nor marxist. They believe in redistribution of eclonomic power so as it is held by everyone. A tax cut may be liberal or conservative policy, but the redistribution of the power becuase of the tax cut is the critical point of the radical economics.