07 December, 2010

Economic Spectrum - illustration

Interesting illustration of the economic spectrum:

To the left is Austrian school of economics, in which the role of government in the economy is limited (Friedrich Hayek & Ron Paul).
Then the Monetarist school (J.P. Morgan, Ben Bernanke) and the Keynesian school (John Maynard Keynes, and Barack Obama), both characterized by big government spending. 
And finally at the end is the grand daddy of all big government, the Communist school of economics (Karl Marx, Kim Jong Il).