Classical Model vs. Keynes theroy.

The great depression marks a great divide in America's way of dealing with economics. The economical war between professional economists today is a never-ending battle. On one side there are those who believe in a classical idea that was born before the 1930's. Then the great depression influenced another army of economists that followed the ideas of a man named John Meynard Keynes. The reason this war is never ending is because it doesn't matter …showed first 75 words of 1254 total…

…showed last 75 words of 1254 total…Keynes approached the great depression with new ideas, ideas that worked. 1.Paul M. Johnson Dept. of Political Science, Auburn University 2000 2.http://www.digitaleconomist.com/ad_4020.html 3. The History Channel The Great Depression 1998 volumes 1-4 4. The Wealth of Nations by Adam Smith 1910 5.Walled Street Journal quarter 1,2,3,4 of 1929 quarter 1,2 1930 6.Money, the Market, and the State edited by Nicholas A. Beadles and L. Aubrey Drewry, Jr. 1968 7.THE GENERAL THEORY OF EMPLOYMENT, INTEREST AND MONEY by John Meynard Keynes 1936