Views on Poverty: Adam Smith and John Maynard Keynes

Abstract: An 8 page paper discussing specific views of these two economic theorists. Amidst all the equations, regressions and charts, it is difficult sometimes to remember that in its simplest form, economics is little more than "applied common sense." The influential economists have had impact on the financial and market structure of the US economy. Even though they continue to oscillate in popularity according to their basic precepts, each nonetheless continues to hold places of import in the structure of the US economy. That Keynes was highly concerned with the plight of the working class individual has been clear; that Adam Smith was has not. Closer inspection of his work reveals that Smith truly was concerned with poverty, and charged the wealthy with coming to their aid. Bibliography lists 8 sources.

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