Macroeconomic Viewpoints: Classical Keynesian Monetarist New Classical New Keynesian.
New economics viewpoints
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Transcript of New economics viewpoints
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TRADITIONAL ECONOMICS
You have two cows. You sell one and buy a bull.
Your herd multiplies and the economy grows.
You retire on the income.
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INDIAN ECONOMICS
You have two cows. You worship them.
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PAKISTAN ECONOMICS You dont have any cows. You claim that the Indian cows belong to you. You ask the US for financial aid, China for military aid, British for Warplanes, Italy for machines, Germany for technology, French for submarines, Switzerland for loans, Russia for drugs Japan for equipment. You buy the cows with all this And claim exploitation by the world.
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AMERICAN ECONOMICS You have two cows. You sell one and force the other to produce the
milk of four cows. You profess surprise when the cow drops dead. You put the blame on some nation with cows &
naturally that nation will be a danger to mankind. You wage a war to save the world and grab the
cows.
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FRENCH ECONOMICS
You have two cows. You go on strike because you want three
cows.
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GERMAN ECONOMICS
You have two cows. You reengineer them so that they live for
100 years, eat once a month and milk themselves.
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BRITISH ECONOMICS
You have two cows. They are both mad cows.
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ITALIAN ECONOMICS
You have two cows. You don't know where they are. You break for lunch.
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SWISS ECONOMICS
You have 5000 cows, none of which belong to you.
You charge others for storing them.
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JAPANESE ECONOMICS
You have two cows. You redesign them so that they are one-
tenth the size of an ordinary cow and produce twenty times the milk.
You then create cute cartoon cow images called Cowkimon and market them worldwide.
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RUSSIAN ECONOMICS
You have two cows. You count them and learn you have five cows. You count them again and learn you have 42
cows. You count them again and learn you have 17
cows. You give up counting and open another bottle
of vodka.
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CHINESE ECONOMICS
You have two cows. You have 300 people milking them. You claim full employment, high bovine
productivity and arrest anyone reporting the actual numbers.
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MALAYSIAN ECONOMICS
You have two cows. You ask for government subsidy You buy cars, travel overseas and marry
again Ask for some cows.
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SINGAPORE ECONOMICS
You have two cows. Believe you have a brilliant government Need to hire foreign talents to manage
your cows You lost all your cows.
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THAILAND ECONOMICS
You have two cows. Your cows not sick, but your chickens are Forget about cows, busy with chickens.
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SRI LANKAN ECONOMICS
You have two cows.
You make one the President and the other the Leader of the Opposition !
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THANK YOU
Sponsored by:HOLY COW
Any thing digital, we can compromise it.