classical economist vs keynes

Economics
Tutor: None Selected Time limit: 1 Day

what's the difference between classical economist and john maynard keynes. i have to figure out which side i lean towards

Oct 11th, 2015

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.


Please let me know if you need any clarification. I'm always happy to answer your questions.
Oct 11th, 2015

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