Discussion:
Business Economics
Using the scholarly Library and the Internet, conduct some research about John Maynard Keynes and Friedrich A. Hayek. In your own words, briefly describe their economic theories as they relate to government involvement in the economy. 250-300 word minimum.
Now, watch this video, https://www.youtube.com/watch?v=d0nERTFo-Sk, and respond to the following:
• Describe the key points of the video. Do you think the video accurately portrays the two theories? Why, or why not.
• Whose theory does the current US economy most closely resemble? Explain.
• Which theory do you support and why?