Explain,Is economic liberalism (aka free market capitalism) the most efficient and productive economic model we have?

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?

Place a similar order with us or any form of academic custom essays related subject and it will be delivered within its deadline. All assignments are written from scratch based on the instructions which you will provide to ensure it is original and not plagiarized. Kindly use the calculator below to get your order cost; Do not hesitate to contact our support staff if you need any clarifications.

Type of paper Academic level Subject area
Number of pages Paper urgency Cost per page:
 Total:

Whatever level of paper you need – college, university, research paper, term paper or just a high school paper, you can safely place an order.

Page Navigation