Macroeconomics › Section M · The neoclassical perspective › Topic M.3
Balancing Keynesian and neoclassical models
Keynesian and neoclassical economics are often presented as rival camps, but most working economists use both. The skill is knowing which model suits which question, and where neither gives a complete answer.
In this topic
- Two maps, two scales
- Keynesian strengths and limits
- Neoclassical strengths and limits
- Two views of inflation
- The schools side by side
- Most economists use both
- Worked example: choosing the right model
- Worked example: the Great Recession
- The 2020s: lessons for both sides
- Common mistakes to avoid
- Key takeaways
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