Final answer:
The classical perspective of management focused on hierarchical organizational structures and broad issues within groups, while the neoclassical perspective emphasizes the importance of aggregate supply and productivity growth in determining potential GDP, advocating for a more hands-off approach in economic management compared to Keynesian policies.
Step-by-step explanation:
The classical perspective of management typically encompasses a few core ideas. First, it establishes a strong hierarchical structure within organizations. Secondly, it generally addresses broad issues within groups and organizations rather than detailed individual aspects. Lastly, from the classical perspective, the neoclassical views shifted focus towards the importance of human relations within the workplace, while still maintaining some of the core ideas from the traditional framework.
However, in contrast to the Keynesian perspective on market forces which emphasizes the role of government policy in actively managing the economy, the neoclassical perspective places more emphasis on aggregate supply. Neoclassical economists believe in productivity growth over the long term determining the potential GDP level and assume the economy will naturally return to full employment following changes in aggregate demand. They are typically skeptical about the effectiveness and timeliness of Keynesian policies, thereby endorsing a more hands-off approach to economic management.