Liberalism and Marxism economy

You are not expected to do any outside research or reading, but you can cite arguments, ideas, and examples from lecture and optional, recommended readings. References to material from readings or lecture and any short direct quotations must be properly cited. All work, wording, and ideas that are not cited must be your own.

Ideologies are formulated to organize not just political and social life, but also economic systems. Liberalism and Marxism each advanced ideas about how the economy should be organized in an ideal society, what types of economic freedoms people should have, and what the roles of different individuals or classes might be. Compare and contrast the liberal and Marxist positions, then choose one of the two and discuss the potential flaws or downsides in its economic vision. Formulate an argument and support it using examples, from readings and lecture, of authors arguments and real-world cases.