Explain Schumpeters theory of the business cycle and his prediction that capitalism will eventually be replaced by socialism.Explain the goals and motives behind the Utopian Socialist School. How did their vision differ from Marxs vision of the trajectory of society?Explain Norths concepts of institutions and organizations. How does each play a role in economic change?Explain the major departure of the departure of the Marginalist School from the Classical Political Economists. How did it change the focus of economics and leave no room for political economy at the time?Explain Veblens theory of the leisure class. Explain why the leisure class is not overthrown and how conspicuous consumption plays a role in Veblens theory.