The popular and dominant school of economists in the 1930s who could not explain why the economy went into a depression were the:

Question

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The Classical School of economists, led by figures such as Adam Smith and David Ricardo, could not explain the causes of the Great Depression and believed in laissez-faire policies that were not effective in addressing the economic crisis. This led to the emergence of new schools of economic thought such as Keynesianism.

The Popular and Dominant School of Economists in the 1930s