Prior to working on this discussion, read chapters 7 and 8. As you learned this week, there are different schools of economic thoughts. These schools of economic thought can broadly be categorized in two- Classical school and Keynesian school. The Classical school includes its later development such as monetarism, Austrian economics, supply-side economics, and neo classical economics. The Keynesian school includes its later development- neo Keynesian economics.
For the initial post,
If your last name begins with A through L, form an argument as a Classical economist by defending the Classical school and providing criticism on Keynesian school.
If your last name begins with M through Z, form an argument as a Keynesian economist by defending the Keynesian school and providing criticism on Classical school.
In your post,
Compare and contrast classical economics and Keynesian What are the major differences between them?
Which model would you prefer? You may already prefer one because you are defending your school. Thoroughly explain your reasoning.
As a classical economist or a Keynesian economist, what would you do for the current S. economy?
Your initial post should be a minimum of 300 words.
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