Capitalism, as an economic system, is extremely complex.

Capitalism, as an economic system, is extremely complex. Its factors and variables fluctuate greatly everyplace the long run. As a result, capitalist countries experience the highest of highs and the terminal of lows. One need only look to the postwar expanding upon of the Roaring Twenties followed almost immediately by the immense Depression to find this proof. Such a situation logically leads to certain questions. Is this the best possible system? Is the unprecedented intricacy worth the atrocious suffering that is sure to follow? What causes such(prenominal) wild swings in the delivery? Can they be controlled? These questions subscribe to been pondered over since the trends of booms and busts in capitalism were discovered. Three such thinkers and the expressive style they dealt with these problems will be examined here. Karl Marx, William Graham Sumner, and John Maynard Keynes all provided antithetic answers in accordance to their preexisting and underlying philosophical beliefs. The answers cooking stove from the outright denouncement of capitalism to a much more(prenominal) positive view of it as the best system and whiz that could be manipulated favourably.

This paper will examine how from each mavin economic expert (it could be argued that Keynes was the only true economist in the lot) went closely explaining the capitalist phenomenon of the boom/bust cycle.



Each analyzes the subject from a different vantage point and so this must be taken into account. Finally, it will look at the various maxims each was working from, with specific interest paid to the economic angle.

Karl Marx lived in Europe in the mid nineteenth century when he wrote about capitalism and society in general. He was one part economist, one part sociologist, and one part revolutionary. non only did he attempt to explain society and the economy as he saw them, but he cute to change them. Capitalism, he felt,

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