Economical Theories

Economy has got different theories, which economists and politicians tend to follow Without moneyjust like in politics where politicians usually are convicted by, for instance the liberal ideology. While the world of politics has got three widespread ideologies – liberalism, conservatism and socialism – the world of economy has got four theories, respectively mercantilism, classic economical liberalism, Keynesianism and monetarism where the latter two have got the most followers in 21 century. Continue reading