Macro Theories

Macro Theories

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  • Hi, I'm John Maynard Keynes. You must be Adam Smith
  • Yes, that's me. I've heard we have some opposing views on economics. Let's talk
  • To start, I would like to point out that my theory is supported by Roy Forbes Harrod and Sir John Richard Hicks.
  • Well mine is supported by David Ricardo and Jean-Baptiste Say. I'm not trying to pick a fight here
  • Apologies. So what are your thoughts on government intervention?
  • Loaded subject. Let's go for a walk
  • I believe there should not be any government interference in the market. Everyone should be able to act according to his/her self-interest. The economy will work out just fine as a free market economy. What do you think?
  • Personally, I believe pretty much the opposite. I think government intervention is necessary in times of economic crisis. I believe it's necessary to stabilize the economy or bring the economy out of recession. Citizens can only do so much.
  • Excuse me. I overheard your conversation, and I would just like to say that I agree with the fellow in front of me. Keynes, was it?
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