keynes vs smith

keynes vs smith

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  • 1.
  • Well will you look at that?  If it isn't old Adam Smith
  • Oh not this fake. 
  • Oh no  Smith,  I would never try such a thing!! I actually did change the way the economy works
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  • Hello Keynes, I heard you  tried  tried changing the way the economy works
  • Oh no Smith, I would never try and do that! I actually did change the way the economy works   
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  • Why don't we go inside and have a chat?
  • what could he possibly want  that would make anything better
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  • If this is so true, then why wasn't the economy able to fix itself after the Great Depression ? Face it,  Keynesian  theory was the best thing that's happened to the U.S economy 
  • I am the father of economics! How dare you propose another idea and go against my original belief? Laissez-faire was the best way for our economy to go
  • Wait!Why are we arguing? at the end of the day neither of our ideas are either right or wrong, the  government ends up using  which ever theory suits the economy best at the moment. 
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  • Our  economy uses the Keynesian theory for the most part although at moment we do go back to that "invisible hand" of yours
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