{"id":303,"date":"2024-05-30T03:23:14","date_gmt":"2024-05-30T03:23:14","guid":{"rendered":"https:\/\/course.oeru.org\/maec102\/?page_id=303"},"modified":"2024-05-30T03:23:14","modified_gmt":"2024-05-30T03:23:14","slug":"classical-keynesian-controversy","status":"publish","type":"page","link":"https:\/\/course.oeru.org\/maec102\/learning-pathways\/the-macroeconomic-model\/classical-keynesian-controversy\/","title":{"rendered":"Classical-Keynesian controversy"},"content":{"rendered":"<div id=\"content\" class=\"mw-body container\" role=\"main\">\n<div class=\"row\">\n<div class=\"col-md-12\">\n<div class=\"panel\">\n<div class=\"panel-body\">\n<div id=\"bodyContent\">\n<div id=\"mw-content-text\" lang=\"en\" dir=\"ltr\" class=\"mw-content-ltr\">_<div class=\"panel iDevice\">\n\t<div class=\"panel-heading idevice-heading\">\n\t\t<div>\n\t\t\t<img decoding=\"async\" class=\"pedagogicalicon\" alt=\"reading\" src=\"https:\/\/course.oeru.org\/maec102\/wp-content\/themes\/oeru_course\/idevices\/Icon_reading.png\">\n\t\t<\/div>\n\t\t<div>\n\t\t\t<h2>Required Readings: Classical Keynesian controversy<\/h2>\n\t\t<\/div>\n\t<\/div>\n\t<div class=\"panel-body\">\n\t\t<div class=\"col-md-12\">\n\t\t\t<\/p>\n<div class=\"thumb tright\">\n<div class=\"thumbinner thumbnail\" style=\"width:202px;\"><a href=\"https:\/\/wikieducator.org\/File:Keynes.jpg\" class=\"image\"><img loading=\"lazy\" decoding=\"async\" alt=\"\" src=\"\/\/wikieducator.org\/images\/thumb\/8\/84\/Keynes.jpg\/200px-Keynes.jpg\" width=\"200\" height=\"268\" class=\"thumbimage img-responsive\"><\/a>  <\/p>\n<div class=\"thumbcaption\">John Maynard Keynes<\/div>\n<\/div>\n<\/div>\n<p>Two of the main theories of economic thought are classical and Keynesian, this reading will look at the differences.\n<\/p>\n<p>While reading, consider the following questions:\n<\/p>\n<ol>\n<li> What are the differences between the two theories?\n<\/li>\n<li> Which do you think is best adapted to the current economy?\n<\/li>\n<\/ol>\n<ul>\n<li> Read Chapter 7: Classical &#8211; Keynesian Controversy from <a rel=\"nofollow\" class=\"external text\" href=\"https:\/\/learn.saylor.org\/mod\/page\/view.php?id=7642\">John Petroff&#8217;s &#8220;Macroeconomics&#8221;<\/a> text book, which provides definition and insights into the key terms and theories linked to these two schools of economic thought.\n<\/li>\n<\/ul>\n<p>Having read this chapter, jot down any of your reflections, thoughts or questions on this subject in a WeNotes post.\n<\/p>\n<\/p>\n<div><p>You must be logged in to post to WEnotes.<\/p><\/div>\n<p>\n<\/p>\n<p>\n\t\t<\/div>\n\t<\/div>\n<\/div><\/p>\n<p><!-- \nNewPP limit report\nCPU time usage: 0.082 seconds\nReal time usage: 1.534 seconds\nPreprocessor visited node count: 113\/1000000\nPreprocessor generated node count: 818\/1000000\nPost\u2010expand include size: 3225\/2097152 bytes\nTemplate argument size: 1751\/2097152 bytes\nHighest expansion depth: 7\/40\nExpensive parser function count: 0\/100\n--><\/p>\n<p><!-- Saved in parser cache with key we_en-mw_:pcache:idhash:177069-0!*!*!*!*!2!* and timestamp 20240530032312 and revision id 1034964\n -->\n<\/div>\n<div class=\"visualClear\"><\/div>\n<\/p><\/div>\n<\/p><\/div>\n<\/div>\n<\/div>\n<\/div>\n<div class=\"row\">\n<div class=\"col-md-12\">\n<ul class=\"pager\">\n<li class=\"previous\">\n            <a href=\"\/maec102\/learning-pathways\/the-macroeconomic-model\/the-gdp-deflator\">\u2190 Previous<\/a>\n          <\/li>\n<li class=\"next\">\n            <a href=\"\/maec102\/learning-pathways\/the-macroeconomic-model\/the-macroeconomic-model\">Next \u2192<\/a>\n          <\/li>\n<\/ul><\/div>\n<\/p><\/div>\n<div id=\"wenote-ids\"><script type='text\/javascript' id='wenotes-ids'>\n    var WEnotesSite = \"https:\/\/wikieducator.org\";\n    var WEnotesPath = \"\/Macroeconomics_activity_and_demand\/Classical_Keynesian_controversy\";\n    var WEnotesSiteID = \"0e3d258fbd36841f92259eefcd41d5e9\";\n    var WEnotesPathID = \"95af7705299e4428f7746676b9811cb9\";\n    var WEnotesIDs = { site: \"https:\/\/wikieducator.org\", path: \"\/Macroeconomics_activity_and_demand\/Classical_Keynesian_controversy\", site_id: \"0e3d258fbd36841f92259eefcd41d5e9\", path_id: \"95af7705299e4428f7746676b9811cb9\" };\n<\/script><\/div>\n<\/div>\n<footer><\/footer>\n","protected":false},"excerpt":{"rendered":"<p>_ \u2190 Previous Next \u2192<\/p>\n","protected":false},"author":1,"featured_media":0,"parent":293,"menu_order":0,"comment_status":"closed","ping_status":"closed","template":"","meta":{"footnotes":""},"class_list":["post-303","page","type-page","status-publish","hentry"],"_links":{"self":[{"href":"https:\/\/course.oeru.org\/maec102\/wp-json\/wp\/v2\/pages\/303","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/course.oeru.org\/maec102\/wp-json\/wp\/v2\/pages"}],"about":[{"href":"https:\/\/course.oeru.org\/maec102\/wp-json\/wp\/v2\/types\/page"}],"author":[{"embeddable":true,"href":"https:\/\/course.oeru.org\/maec102\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/course.oeru.org\/maec102\/wp-json\/wp\/v2\/comments?post=303"}],"version-history":[{"count":1,"href":"https:\/\/course.oeru.org\/maec102\/wp-json\/wp\/v2\/pages\/303\/revisions"}],"predecessor-version":[{"id":304,"href":"https:\/\/course.oeru.org\/maec102\/wp-json\/wp\/v2\/pages\/303\/revisions\/304"}],"up":[{"embeddable":true,"href":"https:\/\/course.oeru.org\/maec102\/wp-json\/wp\/v2\/pages\/293"}],"wp:attachment":[{"href":"https:\/\/course.oeru.org\/maec102\/wp-json\/wp\/v2\/media?parent=303"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}