2S) PEOE-1st A- Choice Theory (19-02-2017) Bharghava Shyam (B)
Name: - A.N. Bharghava Shyam-MAE15007 (19-Feb-2017) Question: - What are the two major ways of thinking about political economy? Give an example of how each will think about educational policies. Answer: - The two major ways of thinking about political economy is {Way to understand} 1) Struggle Between groups: - In this Markets does not give justice {In Radical political capitalists will dominate society & in another big farmers will dominate society} in this we have Marxism- only single party rule (Leninist version of Marxism, Classical-radical-political-economy), Socialism- Seeking interest of society than individual. Welfare economics is saying that market will not concern about weaker sections, so state have to intervene. Marxism think educational policies as “Reproduction of existing class system through the schools”. Socialism think it as “Education should provide for all its gives development for weaker sections”. Welfare economics think...