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Prior to working on this discussion, read chapters 7 and 8. As you learned this week, there are different schools of economic thoughts. These schools

Prior to working on this discussion, read chapters 7 and 8. As you learned this week, there are different schools of economic thoughts. These schools of economic thought can broadly be categorized in two- Classical school and Keynesian school. The Classical school includes its later development such as monetarism, Austrian economics, supply-side economics, and neo classical economics. The Keynesian school includes its later development- neo Keynesian economics. form an argument as a Classical economist by defending the Classical school and providing criticism on Keynesian school

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