Economics Article Review Name Institution Date For there to be a successful revolutionary theory in macroeconomics, there needs to be a consistent orthodoxy, which should be well established, and with most striking facts, it is inconsistent. The classical economics model could not account for the collapse of output and employment, which brought the revolution to the Keynesian model in the 1930s. After using the theory for about two decades, the neoclassical approach was synthesized and became the economists’ accepted wisdom. The Keynesian school gave intellectual support that government intervention in managing demand can advance the economy. In 1961, Kennedy’s administration adopted the new economic model, which