Economic Schools of Thought: Crash Course Economics

The video explores various economic ideologies, starting with Malthus's dismal predictions and moving through the contributions of Adam Smith, Marx, and Keynes. It discusses the evolution of economic thought, including classical, Marxist, Keynesian, Austrian, and Chicago schools, and their impact on government policies. The video concludes with a look at modern economic theories and speculates on the future of global economic ideologies.

What were the main ideas proposed by John Maynard Keynes in response to the Great Depression?

What is monetarism and how does it relate to Keynesian economics?

What are the key differences between supply-side economics and Keynesian economics?

In what ways have modern economies adopted socialist policies despite being primarily capitalist?