Different Schools of Economics Explained - Freedom VS Control
Economics isn’t just one idea—it’s a debate between different schools of thought. In this video, we break down the major perspectives that shape economies: Classical Economics (free markets and growth), Austrian Economics (freedom and long-term prosperity), Marxian Economics (fairness and anti-capitalism), and Keynesian Economics (government intervention during recessions).
While Keynesian and Marxian theories promote intervention, they often lead to stagnation and collapsing economies. Successful nations like Hong Kong, Singapore, and Dubai thrive because of Classical and Austrian principles: free markets, limited government, and individual liberty. These ideas don’t just drive growth—they create freedom and prosperity.
We focus on schools of thought that truly reflect reality and produce successful outcomes. If you value freedom and want to understand real economics, this series is for you!
00:00 - Schools of Economics
00:23 - Classical Economics
00:49 - Marxian Economics
01:16 - Keynesian Economics
01:42 - Austrian Economics
02:04 - Freedom VS Interventionism
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