blog writing #schumpeter

The study of comparative economic thought has always been crucial to understanding various approaches to economics and their significance on society. This paper explores the views of three prominent economists, “Joseph Schumpeter, Karl Marx, and John Maynard Keynes,” on the global environmental crisis. These three thinkers have contributed significantly to the economic field and permanently impacted the world. Through a critical breakdown of their respective work, the paper will discuss what each of these thinkers would have to say regarding the contemporary issue of environmental crisis. The essay provides a deeper understanding of concepts of theories developed by these thinkers and shows how they are different from one another in their approach to this critical issue. Furthermore, the paper will also discuss actions or policy changes each of these thinkers might suggest in addressing, the issue of global environmental crisis or climate change.