Paper Summary:

Marx, Lenin, Hayek, and Keyunes are the primary political-economic theorists of the modern period. Each of them has forwarded his response to capitalism, either supporting, rejecting, or qualifying it. On the basis of these responses, one may easily deduce where each of the four stand on the question of capitalism's merits and its capacity to harness economic energies and productive resources and to protect individual liberties and political freedoms. This paper provides a detailed analysis of the theories of each of these four thinkers.

From the Paper:

"From the above, it may be safely deduced that Keynes qualified his acceptance of capitalism and its capacity to protect individual freedoms. According to the argument he presents, capitalism is most definitely the preferred economic system and has the greater capacity to harness economic resources and productive energies. However, capitalism, as with all economic systems, was susceptible to crisis."

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