The Topic: In Paul Krugmans article that was emailed out he described two schools of economic thought. They are the Freshwater Economists and the Saltwater Economists. The two schools are diametrically opposed on most issues. Describe what school of thought you are and why?
Link to the article: http://www.nytimes.com/2009/09/06/magazine/06Economic-t.html?_r=1&emc=eta1&pagewanted=print
I will send you the paper that I have so far worked on. I need help with `Real Business Cycle theory (RBC) and other freshwater theories ? why I support them`. I need you to write a page on why I support Freshwater. Ill provide you with some supporting documents and links to work on it:
1. http://en.wikipedia.org/wiki/Free_market
2. http://economics.about.com/od/continuityandchange/a/american_econ.htm Please feel free to find your sources, but do reference them in the document.