Economic Schools of Thought

Adam Smith, Karl Marx, and John Maynard Keynes held different beliefs about economic systems that evolved from their predecessors, and then shaped by their countries' economic situations. A video from Crash Course Economics explains the influences of these men, especially their impact on modern systems of economics in the world today. Graphics and important quotes add helpful details throughout the course.   

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CCSS: Adaptable
Instructional Ideas
  • Encourage learners to choose one ecconomist detailed in the video for an extended research project
Classroom Considerations
  • The 14th video in a series of 35; much of the knowledge presented builds on information from the previous videos 
  • Watch the comment section, as it may contain language that is inappropriate for a classroom setting
  • This resource is only available on an unencrypted HTTP website. It should be fine for general use, but don’t use it to share any personally identifiable information
Pros
  • Clearly delineates the differences between the economic systems, and points out real-world examples of each
Cons
  • None