Write an essay comparing the key arguments made by neoclassical and radical economists, respectively. The essay should point out similarities and differences between these two approaches to economic analysis.

Economic theories are based on the understanding that economists associate with the behavior, patterns and the resultant economic performance. The use of different variables is applied to denote the existence of a logical relationship between the models. Some of the chief economic theories include the neoclassical theory and the radical economic theory. The neoclassical theory is based on the assumption that the economy is based on individual decisions in the market that cause the social outcomes. The radical economic theory argues that capitalism defines economic behavior by determining the class position of an individual depending on their role in the production process. Per se, this paper looks to compare the attributes of these two theories by analyzing the similarities and the differences.

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