for the economics people...

[selftitled85]

are you a Keynesian or Classical person?

[aminorthreat55]

Keynesian.

[Broken Parachute]

I don't really know too much about either, but I'm assuming classical economics is like Capitalism?

[Love As Arson]

I don't really know too much about either, but I'm assuming classical economics is like Capitalism?
Classical economics refers to the school of thought that was born from the shift to capitalism and the industrial revolution. It heavily relies upon the labor theory of value, which corresponds wages with the prices of an item. The classical economists, for the most part, had different ideas regarding the marketplace, but most agreed upon it as a liberal construct. However, it can be argued that Marxism is part of classical economics. Keynesian economics refers to a model, in which the government intervenes in the economy.

[trindaddy]

Keynesian economics can still be Capitalism it just isn't brutal and cold capitalism.
i agree. i find that more people are better off in a keynesian economic system.