Radical economic thoughts are heavily influenced by Marxism and other economic professors related to this movement. (Carson, Thomas, & Hecht, 2005, pp. 22-23)
Since radical economics was never practiced on large scale in the global arena, we cannot conclude its implications on the current problem of education in Peterborough. However, I am adamant that the other two schools of thought of economics, the liberal and conservative ones have failed to address the issue of education on mass level. Both the views of economics promoted the desires over what is good or bad. For example in the nineteen eighties the rampant industrialization in the western world led to an increase in labor recruitment.
This increased labor recruitment gradually led to the development of a culture where education of individuals was not a priority just because they had to became a labor in future. Conservatives fueled these labor phenomena with their free market and desired production logic while liberal supported this by their labor union empowerment and enlightenment logic (Carson, Thomas, & Hecht, 2005, pp. 26-30).
Both of them failed to promote the education on state level and the effects have started creeping in just now as resources have started to show sign of exhaustion in addition to the global economic and financial turmoil.