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Macroeconomics Summarized

27 Sep

Mercantilism – Get more gold!

Classical – Do nothing and nothing will go wrong.

Keynesian – In the short run, SPEND. In the long run, you are dead.

Monetarists – In the short run, PRINT notes (following rules), In the long run, do nothing and nothing will go wrong.

Neoclassical – Whatever you do, Surprise them! or do nothing and nothing can go wrong.

New Keynesians – When jolted, PRINT! SPEND!

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2 Comments

Posted by on September 27, 2011 in Economics, Humor

 

Tags: ,

2 responses to “Macroeconomics Summarized

  1. aintthatsumthin

    September 27, 2011 at 7:17 pm

    loved the summarized meanings…for an economics dud like me..it made the subject a lil’ lighter..

     
  2. madbullspeaks

    September 27, 2011 at 9:04 pm

    Thanks man!
    Its an over simplification in a lighter vein, though i believe it captures the essence. I am hungrily looking for disagreements 🙂

     

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