Compare and contrast the views of John Maynard Keynes and Adam Smith regarding the best way for governments to manage the economy. Respond in 7 to 8 complete sentences.

Respuesta :

According to Adam Smith the government of a country does not have to interfere in the market or economy while according to Keynes, government interference was good especially in times of economic crisis.

The views of Adam Smith regarding the economy

According to Smith the economy would be best if natural laws are allowed to fester without interference from other forces. According to him, the economy was best with free competition.

The views of John Maynard Keynes regarding the economy

Keynes believed that in cases where the economy is having issues the government has to step in to create an economy that is on track.

Raed more on Keynes here:

https://brainly.com/question/1171653

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