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its introduced by classical economist, there are basically two way to examine classical theory, they are 1 determination of employment 2 determination of output
John Maynard Keynes was the most influentail economist,but its realy an opinion.
The French economist most associated with the mercantile economic system was Colbert.
Kennedy
keynes
what is diff b/w the classical economist and keynes economist
== == == == the difference betwen Neo-classical and classical school is that: 1-CLASSICAL SCHOOL:-It is related to wealth and introduced by Adam Smith an economist of classical school. 2-NEO-CLASSICAL:-It is related to human welfare. Marshall, an economist, described that "Economics is a science of human welfare" and we call it the neo-classical view that is known as neo-classical school
keynes
its introduced by classical economist, there are basically two way to examine classical theory, they are 1 determination of employment 2 determination of output
Keynes
classical economists are those economists who used 'scarce resources' concepts in their economic theories where as neo ones used price output income distribution like concepts in their theories.
John Maynard Keynes was the most influentail economist,but its realy an opinion.
John Maynard Keynes
John Maynard Keynes
The French economist most associated with the mercantile economic system was Colbert.
economist
Kennedy