ECO 372 Week 2 DQ 1

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Discuss the different viewpoints between classical and Keynesian economists, specifically John Maynard Keynes and F.A. Hayek. You can use which has rap videos and other resources to discuss. Why is Keynesian economics always "in style" during a recessionary period? What unintended consequences are prevalent in the Keynesian approach?

Response :
With changing times comes a need to change the way work is done. The same holds tru with the way the economy is analgized. Before the great depression, economics was analgized using a "classical" approach which is basically an economy that is analyzed and regulated in a long term method.
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