what's the difference between classical economist and john maynard keynes. i have to figure out which side i lean towards
Thank you for the opportunity to help you with your question!
Classical economists believe that imperfections in the
economy are automatically corrected while Keynesian economists believe the
self-correcting mechanism in the economy is not achievable.
Classical economists believe in the laissez-faire attitude by the government while the Keynesian
economists believe that government intervention is necessary in the economy.
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