wow.. you write really well. – Jaan [August 20, 2016] Great article, loved the way it was presented – Geeky girl [March 11, 2016] Thumbs Up – Andy [February 22, 2015] fab work. easy to understand and read right thru – jenna [December 29, 2014] very nice information – rahul [December 18, 2014] Great job you have here. Pls i need some explanation on the difference btw mechanism theory and absolute advantage theory (international trade). thanks – Paul A [September 19, 2014] Great work! A way to improve might be to relate it to a real life situation that has occurred. – Darryl Gounden [September 9, 2014] its very helpful in my assaignment. Thank u very much – F006 [August 3, 2014] Really helped out in my Econ class, thank you 🙂 – Tina Shafer [May 5, 2014] Between the classical and keynesian economics. who has the truth – David Ngam [April 24, 2014] WELL NICE WORK – simonmwas [March 27, 2014] that is great we will need more on the new classical and keynesian school of thought – dennis [March 1, 2014] what is staggering of price? – yohana [February 15, 2014] very appealing and understandable notes though some application of both classical and keynesian model in our current kenyan economy could have help for further understanding – joseph gikonyo [February 12, 2014] What is the difference between pessimist economics and a optimist economics – Hadiza [February 7, 2014] what are the situation in which automatic adjustments in goods market and product markets become difficult and why keynes supported to have government intervention. – yawar rizvi [December 26, 2013] extremelly easy to understand. still graphs needed. – Kainat Batool [December 16, 2013] esily understood notes. i like it – vincent lotulya [October 31, 2013] Very comprehensive, concise and yet detailed note! Please keep it up. . . – Peter E [March 8, 2013] DIFFRENCE – KOBBY [February 18, 2013] WHAT IS THE FEATURES OF KEYNSIEN SCHOOLS OF THOUGHT? ON BASE OF OUTLINE – MULLI [February 17, 2013] WHAT IS THE FEATURES OF CLASSICAL SCHOOL OF THOUGHT? – MULLI [February 17, 2013] what are the defference between micro and macro economics in line with keynecian and classical approach? – Mc-Bendna [September 1, 2012] A good reading material, but graphs needed sir. – Sani Iliyasu [August 5, 2012] Love d article but d article did nt talk about tjheir view ? public expenditure – glamour [June 4, 2012] Great exposition. Keep up the good work! – MOMA. [May 25, 2012] As well as graphs, could you possibly include some examples of legislation that have interfered in the laissez-faire process, leading to recessions, panics, depressions, etc.? Thankyou, this article provided a clear explanation between Keynesian (stimulus) and Supply Side Economics. – Connor Pardini [May 14, 2012] Thanks..That really helped, Sir you possess excellent subject knowledge and writing skill – Tanvir Ahmed [May 6, 2012] Thanks for providing such valuable materials – Gran Badshah [May 4, 2012] Dear sayali patil, you so much helped me in writting my assignment and i belive i did visit this site when am writing my project. Kudos – Maria eney [April 25, 2012] well written but i think u shpuld have included some simple graphs – shagun [April 19, 2012] Very insightful article! Really helpful, and easy to understand.- High school senior in AP Macroeconomics – Esther [April 10, 2012] This was a good recap/introduction, thank you. I am looking for information on how effective fiscal and monetary policies are on the IS-LM framework, from the perspectives of Keynesian and Monetarist economics. Unfortunately, the essay is due on Friday. – Stressed [March 11, 2012] i jus wanna take the time out to tell you thanks. your article has helped me tremendously and for this my gratitude goes out to you. great article, well written and was very easy to comprehend. has a result of this my knowledge towards the subject was widely used and i was able to get a better grasp and understanding on economics once again thank you! – Shanice D [February 6, 2012] The matter is very helpful for we, students of economics.But i think tabular presentation can only make the idea more clear and easy…good job.Hats off – ALEX PALLISSERY [December 29, 2011] Thank you for this. Really helpful. Studying for my economics paper and this is great 🙂 – FS [December 16, 2011] Good read. I appreciate your support of Keynesian economics. I lean towards Classical due to inefficiencies within our own Govt, and because I do not believe the economy is as simple as gears to a clock. It is more psychology of the consumer and supplier, rather than this does this as a sure reaction to such and such.I just wanted to point out that Say's law is a bit different than the way you described it. He states that products are more or less paid for by other products. So basically I make jeans and you make apples. If we both made jeans and no one made apples then trade would simply not exist. That money is only as valuable as what you can buy with it. In this case I can buy apples.That can still be argued against of course. And you are definitely correct that "supply does not created demand." I am just pointing out that Say doesn't say that exactly, and I've never heard a 'freshwater' economist (Classical) state that either.Again, good read. I just wanted to point that out. – John Doe [December 15, 2011] Wonderful article.really helpful – Betty [November 26, 2011] . . THANK YOU ! 🙂 THIS ARTICLE IS A GREAT HELP FOR US. ! – MAVEEN [November 21, 2011] . . NICE ! – MAVEEN [November 21, 2011] Thanks again for the article, but can you include a little more math? It would be nice if you could go into detail about what "equilibrium" means because in the context of mathematics it's a very specific occurence. I'm curious how mathematical and economic equilibria are related. – Amy [November 14, 2011] Thanks for this thorough and easy-to-understand summary! – Amy [November 14, 2011] this article really helpd alot hey it gave me a greater picture broader than what i was tought in class and really whn you look at everyday life u cant help but notice what keynes was talkn abt although classical economy has a bit of reality in in that pepole are driven by greeed and will always strive for maximum profit … classicalist beleive that if u put the federal government in charge of the sahara desert ul soon run out of sand …lol… – thabo [November 11, 2011] Am now a keynesian – Tunnexwap [November 5, 2011] thanks! – julia [October 31, 2011] good and great notes for economics – asghar paracha [October 30, 2011] cleveland homes for sale I love your article it realy helped me with my term paper, i appreciate that so much. But i'll like to know the most remarkable inconsistency of the Classicists contention. Thanks once again, you are truly a Great Policy Maker – Helen [October 28, 2011] great article it has done a wonderful progress in my life thank you very much – mejeonang [October 25, 2011] What are the theories of classical vs. Keynesian on output employment? – Nurhusin Usman [October 4, 2011] Its splendid! – Kupa f [October 2, 2011] Short and sweet review: highly flawed, biased, and gramatically incorrect article. Although there are nuggets of economic fact and truth within, I urge everyone who stumbles upon this site to please review other, better references. – Dwitzell [August 23, 2011] Not quite right. Adam Smith did not advocate a complete lack of government interference. In point of fact, he said it was the government's job to send out the troops to put down attempts by workers to organize and demand higher wages. – Econobob [August 19, 2011] this is a good article it help a lot, please i advice next you should include their similarities.thanks. – markus arum [August 8, 2011] Excellent. Carry on… – Lovekesh [July 23, 2011] it really help! thank you for posting this article. – sarah [June 22, 2011] your article is good but if you had given diagrams then it would be more better for understanding concepts – sweety [June 5, 2011] PLS CAN I KNOW DISTIBCTINCTION BETWEEN CLASSICAL, KEYNESI AND MONETARIST MACROECONOMICS MODEL? – MESHACK OKORO [May 30, 2011] A good read, thank you! I must note, however, that Say's Law did not posit "supply creates its own demand." Rather, that was Keynes interpreation in his refutal. Also, you said intially that you are in favor with Classical economical thinking, but over the course of the piece you quite heavily asserted yourself on the other side of the fence. Particularly this line: "Hope you have understood the basic foundation of Keynesian economics and the reasons why Government intervention is necessary, " in which you declare Keynesian economics as a fact rather than opinion. Aside from that, it was a good read that I found both informative and enjoyable. Thanks! – Alex [May 14, 2011] great it really helped me – samia [May 14, 2011] Realy important presentation – Daniel [April 28, 2011] I need an article on d similarities and differences of this 3, the classical school of thought, keynesians and monetarist – Vivian martin [April 11, 2011] I studied Economics as a minor in college in the late 1950's. I eventually was a small business person and both an elementary school teacher, and a teacher for real estate licensing courses. Based on my own perception and comments of others, I am a fair (C+/B-) business person, and an outstanding (B+/A) teacher. The poor teaching of Economics decidedly took away from the seriousness, enjoyment, and understanding of the subject matter. However, as little as my understanding is, it is appalling to see the lack of any understanding or awareness of people in general, even at the most basic level.Your article was good. Thank you. If you read the book Blink, by Malcolm Galdwell, I am a Blink person, I am more into Keynes as compared to Classical Economics. However, there are many, many, subtleties that are so important, like a motivated people led by motivational leadership. – mel lissner [April 4, 2011] i really enjoyed this material.what about classical vs keynes models on fiscal and monetary policy. – godfred kutin [March 29, 2011] Thanks a million, i like the way you did your explanation. It realy gave me the pictures of both theories. – Edoror A. Akiss [March 28, 2011] i like it.go on – bernard [March 15, 2011] keynes economics policy is a good – kasthury [March 2, 2011] keynesian economics is a good economy – kasthury [March 2, 2011] Thanks … this is a very good expository from both ends. In fact, I do not see too much of your biasedness or inclination in the article.Please we need more post from you – Idris [February 17, 2011] excelllent explanation! if only all lecturers could make it this simple. – chris [February 16, 2011] According to the classical school, unemployment was responsive to changes – wajahat [February 13, 2011] relate it togovernment policy in ghana – NICHOLAS [February 7, 2011] Thx for helping me get my assignment done but pls i need u to continue with the stuff – Safoah [February 3, 2011] Thanks 4 d info. U jx help me in my assignment. D last session was al I needed. Keep up the gud work. Jah bless. – Philip Adu [February 2, 2011] very good – Prof G P Das [January 29, 2011] thanx, my assignment was completed with this information. – Brain Foster, [January 28, 2011] Excellent! – Wenzie [January 19, 2011] Thanks for the article. It really helped to have a better understanding of these schools of thought. – mbonu martin [January 8, 2011] You misrepresent Say's law. Jean Baptiste Say never said that "supply creates it's own demand" those were Keynes' words. Say's Law states the supply of any good is the demand of others. A carpenter builds and sells tables and chairs in order to buy food, clothes etc. Then you write that savings are not investment, but all savings are by definition investment as they are simply saved for future consumption which is valued higher than consumption in the present. Say's law is almost trustic and I'm yet to have seen it successfully refuted. Price flexibility is also easier to grasp if one accepts that prices form as a response to supply and demand. Laws and unions setting prices (and rents and wages) that deviate from the equilibrium will cause over/underproduction. As for the Great depression, the keynesian policies certainly did no more than prolonging the depression and it wasn't until after the war that the work force and capital goods could return to the market and the govt. balanced budgets that the market recovered (Keynes, for the record, predicted that there would be a huge post-war recession due to this). Keynes, also for the record, stated in the 1920s that american capitalism had conquered the business cycle and he lost over 200'000 dollars in 1929. – Malm [December 23, 2010] 11:30 pm and still working on a huge econ project due tomorrow…found this article…lifesaver! thank you! – courtney [December 22, 2010] I am not sure of the date of this article, but I want to tell you it was more than helpful to me, straight and to the point! Thank you! – Traceywrites [December 13, 2010] Thank you brother – JD [December 13, 2010] This is a very nice article – Kev [December 10, 2010] love the comparison and its simplicity. thanks. – Brionna [December 9, 2010] Sometimes the books, such as the General Theory, are very hard to understand, with very long descriptions using words I don't understand. This article is very useful, and sums up a lot of Keynes's and Classical Theories for me, thanks! – Reptar [December 8, 2010] this is an excellent article and will want to read more from you – vandi H [December 8, 2010] i think economics is a life changing is depends on any ways and whatever. – arup hasnu [November 18, 2010] I don't understand ECONOMICS! – Eric [November 16, 2010] Good article that tries to touch basic differences.. – Perumal Raj S [November 4, 2010] Thank you for your help. You actually explained it better than my college instructor. – Shannon [October 28, 2010] i think that these schools of thought must be combined in an economy because no economy ca operate relying on one school of thought, and i also think that keynesian economics is more applicable because in our days the is no economy which operates with out government intervention. – aviwe mjikwa [October 20, 2010] It is a really good and clear paper, thanks for the effort, and hope you write more like these in order to help people understand. – Carlos [October 4, 2010] this info is really good. thnx a lot – kamal [September 16, 2010] Very nice explanation – Ashu [July 16, 2010] Thank You Very Much! This article has helped me out greatly! – Jillian Badway [July 4, 2010] Wonderful! – JHartzell [June 23, 2010] this article was really helpful..thank you – samya [June 12, 2010] Its a helpful essay, keep writing. – Lamin Bah [May 20, 2010] your aricle is very very good to read and its well organised. i would like to use this opportunity to encorurage you to write another arcticle. your article is is precise an easy to read and understand… – Albinus [May 17, 2010] Really satisfied me and can know a variety of knowledge in a short time. Thanks and hope to see you writing next article. 🙂 – Morris MDY [May 12, 2010] Dear, i have enjoyed the reading materials you wrote on " Classical economics vs Keynesian economics ". the selection of your word to make life easy is very nice. with this appreciation i expect that you will provide us a material on the comparisons of "keynesian vs neokeynesian" and classicals vs neoclassicals. – Tekalign, ethiop [April 16, 2010] Great Info, Very Helpful! – James Dean [April 6, 2010] It is not correct that the economist as discussed are the founder of economics. Actually vedic knowledge as depicted in ATHARVEDA in ancient India i.e. BHARAT is the basic source of economics. – Ramesh Kumar Me [April 1, 2010] great article, you helped me understand this dedate much easier, thanks – didi [March 13, 2010] Excellent article – Fabsean24 [March 4, 2010] Nice one, but i think the classical view is straight while the keynesian is otherwise, but in dealing with the issue of economy both theory should be taken into consideration. – Pooley [January 15, 2010] What i find as most dis-heartening..Is the Fact..that both Bush&Obama..have raided the savings of the working poor..through forclosing on their Home Investments..and Now areRobbing the Lower Middle-Class! to Benefit the Rich1The Bailouts! – Frank N. [November 2, 2009] Thanks for this breakdown-Im one of those that's trying to "get it" because I currently kind of "don't." Yes, please write more articles! – Vure [November 1, 2009] Nice one…kudos to u – Naijay [October 13, 2009]