skip to Main Content
The smarter way
to do assignments.

Please note that this is just a preview of a school assignment posted on our website by one of our clients. If you need assistance with this question too, please click on the Order button at the bottom of the page to get started.

reply to post 150 wordsI believe that both Classical and Keynesian economist sides seem to have merit. I always seem to find myself looking at both sides and playing “devils advocate”. I would say though after much research that I find myself definitely leading more towards that of a Keynesian economist. Keynesian theory seems more reliable to me because I believe that people’s decisions tend to be less rational than driven by popular sentiment. The stock market crashes of the past and present seem to be evidence of this. A popular saying is that “fear and greed control the stock market”.  I also believe that in times of recession, in order to prevent us from being there long term, the government has to step in in order to pull us out of that recession. I believe that the free-market if left alone could end up staying there a lot longer while people remain out of jobs. In a recession there is less demand for goods and services which leads to unemployment. Unemployment leads to less consumption and which means savings (for things such as a car or house)is put on the back burner.  I also would like to believe that free markets will always eventually yield the result of eliminating the least efficient and innovative players (regardless of government intervention) but history seems to show otherwise.  I think that a great blow to Classical Economics was delivered in 2009. It is difficult to imagine what may have happened had the government not stepped in to save the banks, auto industry, financial institutions and insurers. The threat of a systemic failure was undeniably real and could of happened. So for these reasons, this is why I would I choose to relate to Keynesian economist. 

GET HELP WITH THIS ASSIGNMENT TODAY

Clicking on this button will take you to our custom assignment page. Here you can fill out all the additional details for this particular paper (grading rubric, academic style, number of sources etc), after which your paper will get assigned to a course-specific writer. If you have any issues/concerns, please don’t hesitate to contact our live support team or email us right away.

How It Works        |        About Us       |       Contact Us

© 2018 | Intelli Essays Homework Service®