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Macro: Unit 2.6 -- Classical v. Keynesian Theories

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amazing thank you
Comment from : @zakielmi1418

wow
Comment from : @Tenin340

Oh my goodness thank you so much
Comment from : @fatmataconteh9602

you made this so plain and simple thank you! i wish you were my professor lol
Comment from : @candaceb2470

I like how describle every detail in a single video You're fun and can teach better than my professor
Comment from : @brisa5104

He summarised a 95 pages chapter for me, thanks 🙏
Comment from : @idealjyo6671

Well that would be impossible to do considering I'm in my late 50s and I'm more interested in investments that could set me up for retirement in my 60s, my goal is at least $2million
Comment from : @Dylan-baerber3486

As the economic crisis keep rising one needs to have different streams of income, as well secure a profitable investment for the futuredetailed diversified investment portfolio in the financial markets is needed to survive! Wondering if investors here are familiar with Pamela Kay weaver trading strategies?
Comment from : @VerneCopeland

Funny how the definition of recession hasn't changed here
Comment from : @esco466

Hi Mr Willis, I didn't just love economics but also your style of teaching
Comment from : @insightandreview

Great video and explanation!
Comment from : @edfl4913

Watching this video all the way from South Africa University of South Africa 3rd year student Thank you for making me understand Keynes in a simple way
Comment from : @madampresident2053

indeed i will like economics
Comment from : @akenjifru6649

thank you so much this really helped me !
Comment from : @froggy1854

it is very goog and conceptual video liked it
Comment from : @omkumar4717

Thanks for the clear explaining 😊
Comment from : @robinmanley9946

The Classical theory, although based on the laissez-faire principle, does have a role for Government Oversee monetary supply and ensure it is proportionate to growth in output Agree the economy entered the Keynesian range during the depression However, the cause was the failure to increase the monetary supply It resulted in banks and businesses going bust, and concomitant unemployment The Classical Theory would have worked quite well if only the monetary supply had been increased in the period of monetary contraction that brought on the depression In the end, Government did step in, a little too late though, with monetary expansion (the same kind of response that could have been provided earlier)brbrIn essence, the laissez-faire principle works well It was Government action of not increasing the monetary supply that brought on the depression
Comment from : @sid1680

nobody does iit better
Comment from : @aryangrover3496

fantastic videobrthank you so much for your effort
Comment from : @bonkchoy7936

Thank youyou're heaven sent 🥺
Comment from : @busingyenamara5620

I really needed some background knowledge into how these 2 theories worked in order to do my explanation of the AD-AS graph
Comment from : @leohuo4263

This was an awesome explanation! thank you so much for sharing your knowledge with us!!
Comment from : @paulaewert9494

This is a great presentation
Comment from : @gabrielyeboah9177

thank you sir it helped me a lot !!!!
Comment from : @umarfarooqmulla9016

Great, perferct Thank you
Comment from : @EwertonSilveiraAuckland

Thank you for a very clear and interesting presentation of the topic!Just Perfect!
Comment from : @darictesfaye3808

PERFECT
Comment from : @melanchoc3321

Also, Keynesian and Friedman don't take into consideration the fact that companies can run at a loss for a long time - like XERO, the accounting softwareIn fact, with the modern multinational, it may be preffered that the subsidiary run at a loss and the parent at a profitThis means that one will pay tax and the other won't
Comment from : @toseeornot2see

To me, it seems that in a lot of these theories, homogeneity exists to a great degree Humans all respond to change in a "unified" or "same" way Also, all these theories were formulated before modern computers, AI and cellphones and blockchain so many different technologies Keynes and Freidman may never have imagined a decentralised crypto currency and it's implications for society
Comment from : @toseeornot2see

Fantastic, this guys a Proffesional
Comment from : @21dolphin123

Absolute gems here man
Comment from : @thabisomokhosoa

Glad I found this video Helped me understand my weekly ECON lesson in under 15 minutes!
Comment from : @robertbuen7390

classical economics for normal times and Keynesian for recessions
Comment from : @Abdul-Y

Hello Sir, I wanted to know what other theories are there apart from these ? Basically what different schools of thoughts?brThank you
Comment from : @abhisekmishra2817

3:30
Comment from : @tdofeldt5742

love from nepal
Comment from : @Dearsaam

Ok, now I can start writing my assignments
Comment from : @evigrillo7594

Thank you my friend brLet's become eternal Friends Stay healthy
Comment from : @1minuteteacher

Hey nice video! do u have notes on this topic? it would be really helpful!!
Comment from : @maitreediksharout9788

I started to watch the video but I already subscribed the channel seeing the name! :v
Comment from : @dewantahmid95

Just wanted to leave a thank you comments section Your video was very helpful, with it I was able to easily grasp the concepts
Comment from : @islandchic5345

Thank you sir It was held full
Comment from : @arunanitha7424

THANK YOU SIR for your short brief history and summary based answer to this much asked question☺️
Comment from : @soumyajeetmitra6958

I always wondered why I didn't think much of Hoover
Comment from : @alexmarvin3093

The best explanation ever! Thank you!!
Comment from : @SwatiPrasad0925

God bless you, I really enjoyed watching you and I understood it Thank you so much
Comment from : @janesele8653

What is the differences between Keynesian and minsky
Comment from : @hbb7528

I LOVE ECONOMICS W YOU
Comment from : @deborasteinke8343

A very interesting and helpfull explanation
Comment from : @madportuguese2006

And how our economy is going to explode is through decentralization making us the government which it should have been done from the get go
Comment from : @chaidezhenderson2292

The flaw in keysian theory in practice is that never shuts off and continuously stifles economic growth This only snowballs to what we have now
Comment from : @joes3703

I actually don't like economics, I just need to pass a class but good video
Comment from : @tErMiiNeX

really the best explanation seen so far really this 13 minutes is much better than the semester explanation in colleges
Comment from : @sohanchanda8042

This guy is a genius in teaching concepts
Comment from : @kadityasrinivas1665

You should try and work with PBS, we need a national educator on economics
Comment from : @SA-pi3zm

I’m from germany and we’re learning behavioural economics in english at university and this really helped me, since our professors are so bad at explaining stuff in a foreign language! Great job!
Comment from : @feliciah3705

i must love economics you did iti know you should make me great again am from tanzania
Comment from : @alexdaniel7137

Just Amazing You should be named as the - "The Best Economics teacher" After 1 year of learning macroeconomics, This 10 mins helped learn more than Ever
Comment from : @vinboscotomy7128

Well done I hope it is okay for me to share this with friends, as a tool, so they understand my viewpoint
Comment from : @heathersockrider5428

this is a very wonderful class that enlightened my mind in economicsmy teacher gave me very mere explanation but now am at a position of helping others to understand
Comment from : @alicenyakundi4568

Watching this b4 exam tomorrow
Comment from : @toxicmaniax5719

Thank u so much for this video! You explained things so well!
Comment from : @kristenscanlon3914

thanks man
Comment from : @juniorafaasoaperaamo463

On point Thats a 60 page textbook right there in 13 minutes
Comment from : @hakeemkazni4241

wow Its awesome
Comment from : @Masteridea101

The problem with Keynesian economics is the fact congress spends money like crazy They don’t control the spending Now we have a massive debt Eventually the dollar will be worth nothing Keynesian economics is only good when the hand doesn’t work It’s not stable over long periods of time
Comment from : @LifeOfCod

thank you SO MUCH! Super helpful, I actually enjoyed economics for once, haha!
Comment from : @dgfcl56ify

Thank you so much for this lesson It helped me a lot
Comment from : @regianealvesdbj

Really cleared all the confusion Thank you Will
Comment from : @nitinkarnwal519

good video thank you
Comment from : @dantesmith3664

Very persuasive The simple angled line of other explanations is replaced by the kinks and Keynesian zone Deficit spending to the rescue So far so goodbut how do we get the stimulus reversed without causing another slump? Your video neatly made the point for rescue spending, but when do we tax to cancel the new fiat dollars? Greatly enjoyed the lesson
Comment from : @polypoly7966

this is one of the best explanations of keysesian theory thank you so much
Comment from : @2Fa2Bu

Love it, Thank you, I needed some clarity for the BEC portion of the CPA That was perfect
Comment from : @Dicepit12

Nice presentation and explanationthank you
Comment from : @jakkulapraveen611

Starting by music ❤👏👌👌
Comment from : @pujayadav8462

Clear explanation
Comment from : @Baqiabdulaal

I had to watch in 75 playback speed to follow but thank you so much!!! this was so clear and to-the-point
Comment from : @erinf4y

This is by far the best video which explained Keynesian Theory
Comment from : @anshudwivedi326

Could you please make a video on how Keynesian Theory applies in today's modern worldbrAmazing videos!!
Comment from : @oc_vatsal_1197

The video is really helpful, thank you
Comment from : @darshitagarwal3850

Please make video in urdu language
Comment from : @hafizaiman6138

Amazing explanation, it helps a lot, thanks!
Comment from : @kaiyunng1057

Thanksexcellent video mate
Comment from : @samriddhmangotra

I only read 2 out of the 9 macrobook and you helped me in my paper with 13 mins Lol
Comment from : @S3rvOnpb

Thanks brother
Comment from : @josemon5719

It helped me a lot understanding this topic especially during this COVID-19 pandemic My professor just gave us a handout and voila exam is real Thanks for explaining this as briefly
Comment from : @grantrobertronquilloiii