Project Economy

Project Economy

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  • Mind your tone young man we are here to help you with your Economic Theories Project. 
  • Who are you two old guys and why are you in my house.
  • I am Keynes and the Old man is Smith
  • Really! Lets go to my room and discuss this then.
  • My classical belief is that the economy will fix itself in the long run
  • My theory of economics likes the involvement of the government because we want problems fixed now
  • My classical belief is that housholds income goes toward investment and consumer spending.
  • Also In keynesian beliefs savings do not always equal investment because of precaution habit and future needs
  • My associates include Irving Fisher Jean-Baptiste Say.
  • Other likeminded Keynesians include Roy Forbes Harrod and Sir John Richard Hicks.
  • I choose to side with the Keynesian theory for the fact that we die in the long run and if there is a problem with the economy i would want it fixed sooner rather then later.
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