Smith vs Keynes Free Essay, Term Paper and Book Report
How can John Maynard Keynes be compared to Adam Smith? Both of these men are considered to be the molders and theorizers of the economic era, yet they were very different in their theories and ideas.
It takes more than a pretty face to identify an individual as the father of a particular subject, but considering the fact that economics was not even an area of study prior to Adam Smiths contribution, it is easy to say that he, in fact, is the father of economics. Smith was a wide-ranging social philosopher and economist whose masterwork, The Wealth of Nations, is one of the most influential studies of Western civilization. It was right after the publication of The Wealth of Nations in 1776 that the study of economics was born. It was Smith who presented economics as a discipline of its own, laying the framework of free market that still holds true today. Smith believed that market prices and quantities should be allowed to change and adjust to their equilibrium levels without the government getting involved. Consequently, Smith was opposed to the system of mercantilis......
Word Count: 622
Page Count: 2.4 (250 words a page / double spaced)
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