1. Topic: What Contribution Did Adam Smith And John M. Keynes Make To The Study Of Economics?
Smith's analysis is not confined to showing the interrelation between the different elements of a continually maintained system. ... And since, according to Smith, this process is most successful when left to the play of natural forces, his analysis leads him to urge governments to let well alone. ... The heart of Keynesian economics consists of an analysis of the determinants of effective demand. ... Even if this was true the monetarists argued that the analysis was fundamentally flawed and instead returned to the classical analy! ...
- Word Count: 1299
- Approx Pages: 5
- Grade Level: Undergraduate