discussion 1: There are essentially polar opposite view points to the classical and Keynesian approach to macroeconomics. The largest, and most obvious, difference between these two conflicting points of view would be the ‘hands-on’ vs. ‘hands-off’ approach. Classical economists follow the ‘hands-off’, or laissez fair approach (Amacher, 2019). Keynesians would argue this is not a good idea because the economy clearly shows that, when left untouched, it can spiral in to terrible circumstances which call for a ‘hands-on’ approach. Another primary dispute between the two view points is how the economy adjusts during recession and finds its way back to full employment (CrushCourse, 2015). The classical point of view would lead us to believe the economy will correct itself over time. The Keynesian model asserts the economy can be stuck below its potential for too long of time (g whizziest, 2015). The Keynesians say wages and prices, although flexible, can get stuck and keep the economy well below its full employment potential (g whizziest, 2015). Sure, it might correct itself in the long run, but how long? As John Maynard Keynes' said, “ In the long run we are all dead. ” For this discussion, I have been assigned to the classical point of view. I would support this economics philosophy for the following reason: classical economists believe the economy will experience ups and downs but will always return to full employment on its own. Even during a recession, the ‘price adjustment mechanism’ will right the economy (CrushCourse, 2015). This would mean that during a recession unemployment, prices, wages, and interest would fall (CrushCourse, 2015). However, this would also mean consumption, production, and investment should increase over time, which would eventually return the economy to full employment (CrushCourse, 2015). In regard to the current U.S. economy, as a classical economist, I would take several measures to right the course. For starters, we would need to cut out all government involvement, or manipulation. All the government does is mess things up. Fire the Federal Reserve members. The economy does not need any sort of regulation. We will allow each market to regulate itself without rules imposed by the government. In the long run, any problem the U.S. economy might face will be corrected naturally. Amacher, R., & Pate, J. (2019). Principles of macroeconomics (2nd ed.). Retrieved from https://content.ashford.edu/ CrushCourse. (2015, December 8). Classical and Keynesian economics . Links to an external site. [Video file]. Retrieved from https://www.youtube.zcom/watch?v=JOWiy3wbLvI g whizziest. (2015, September 29). The Keynesian model and the classical model . Links to an external site. [Video file]. Retrieved from https://youtu.be/Xt_L8WFKvLc discussion 2: The model school that was picked for me to write about is classical economics. Compare and contrast classical economics and ...