Details: You must pick a side: either \Yes" or \No". You should include
 Historical background: Discuss the historical background to the question.
 Say's law: Include a detailed discussion of Say's law including a discussion
of why the law is inconsistent with much of modern macroeconomics.
 Modern context: Discuss the great depression of the 1930s and the global
nancial crisis of 2007-2010.
 Diversity: Give some account of at least three of the following: Neo-
Keynsianism, New-Keynsianism, Post-Keynsianism, Real Business Cycle
Theory, the Treasury View, and the Austrian School.
 Argument: You must take a side. Discuss arguments from both sides, then
argue why the other side is wrong.
 Microeconomic foundations: (optional) Describe the operation of your ar-
gument in a two person economy.
 References: Include at least 15 references with at least 2 before 1850 and
at least three between 1930 and 1950.