Oh look its Adam Smith with his stupid economic ideas.
Maybe y'all should settle this dispute like real men instead of arguing.
Hello, John Keynes. You think I have bad economic theories just look at yours.
My classical theory is that government intervention should be as limited as possible.
My Keynesian theory states that the government should intervene.
You plan is stupid, mine is so much better!
With the government spending it will attract consumer spending,and this will increase GDP. So my plan helps the economy.
Well my laissez-faire approach would be more effective because government spending is not a market force,so our supplies on GDP will eventually create money and the problems would solve itself.
What is so good about your theory?
So Molly, which theory do you think is better?
Well, I think that the Keynesian theory is the better theory. I believe that the economy does need the government to step in every now and then. Though we may not always be at full employment at least we have a way out of recession, because the economy has proven it doesn't fix itself.
I still think mine is better, and David Ricardo and Jean-Baptiste agree with me that the classical theory is better!
Well keep telling yourself that Adam. Because I am right and both Roy Forbes Harrod and Sir John Richard Hicks agree that the Keynesian theory is better.