Which Economist Are You?
Should the government choose what private businesses produce based on what the people need, even if it doesn't generate that much profit for the business?
Karl Marx
Should businesses be allowed to work the way they choose to, so that they create maximum profit and their employees are paid more, or should they be more conservative and respect environmental laws but decrease the salary of workers and total profit?
Do you agree that by creating supply, the demand will be created as a consequence?
You go to the store to buy chocolate spread. You have two options, Nutella, and Kwatta. You find out Kwatta is more expensive, but has better for the environment, however nutella is cheaper, but more harmful. Do you: Buy the nutella, or the Kwatta?
Modern Economist
Kwatta
Nutella
Max Profit
Respect Enviroment
Yes
No
Jean-Baptiste Say
Should a product, for example a bottle of water, be sold at the cost of its labour or its utility?
Adam Smith
Labor
Should products be created based on their durability and quality or the satisfaction created from the consumer?
Utility
William Jevons, Leon Walrus, Carl Menger
Satisfaction
Do you believe that recessions are part of a natural economic cycle and shouldnt be intervened, or that the government should create fiscal and monetary policies to help spark economic growth during times of need?
Quality
Keynes
Intervene
Not Do Anything
Central Bank
Aggregate demand in the economy is starting to fall, should the government take action, increase money supply, or should the central bank be left to control the money supply?
Go Back to Begining
Friedman
Other