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In contrast with Classical economics, Keynesian economics takes a broader view of the economy
takes a broader view of the economy
takes a broader view of the economy
Keynesians say that government should interven in economic activities where as classical say not too
Keynesian economics Classical economics Mercantilism Nationalism
G. R. Steele has written: 'Keynes and Hayek' 'Monetarism and the demise of Keynesian economics' -- subject(s): Chicago school of economics, Classical school of economics, Keynesian economics, Quantity theory of money
the classical believe the economy is best left to itself whereas the keynesian argued that government intervention could improve economic performance
The two systems aim to achieve economic growth and prevent inflation.
classical: adam smith david ricardo thomas malthus keynesian: john maynard keynes
Keynesian economics
Peter K. Fleissner has written: 'The nuel' 'Stability in neo-classical and neo-Keynesian growth models' -- subject(s): Economic development, Keynesian economics, Mathematical models, Neoclassical school of economics
Kesington economics is actually Keynesian economics.