Once upon a time, in a kingdom far, far away, a country's economy began to suffer, so the wise king called on the two economic theories to help him decide what the government should do.
This kingdom has a dire problem! I have called in you, my two greatest economic theories, to solve it!
Go now. Speak amongst yourselves and tell me who can solve this country's problem.
I believe that the government should take a more active role in maintaining the economy because the economy needs regulating in order to promote full employment and ensure economic stability.
I disagree. I feel that the economy needs very little regulation from the government because if it is left alone, it will automatically correct itself in the short run.
I understand. However, I am supported by the great economists Milton Friedman and Joan Robinson.
I am supported by Jean-Baptiste Say and David Ricardo. Let us speak to the king. He will decide.
I support the classical theory! I believe that Sir Adam Smith has made a very convincing argument. Therefore, the government will try not to interfere in the matters of money anymore. Thank you my good sirs. The economy will be able to sort itself out over time.