Economists Flashcards
American economist famous for his advocacy if monetarism in works like “a monetary history if the United States, 1867-1960” strongly associated with laissez-faire
Milton Friedman
Scottish philosopher and economist, known for “An inquiry into the nature and causes of the wealth if nations” creator of the metaphor “invisible hands”
Adam smith
German economist historian and social philosopher wrote “das kapital” with Engels
Karl Marx
English economist who is famous for the general theory of employment, interest, and money and argued for deficit spending in times of prolonged recessions
John Maynard Keynes
English economist famous for principles of political economy and taxation and also put fourth the iron law of wages
David Ricardo
Canadian economist who wrote the affluent society and the new industrial state
John Kenneth Galbraith
French economist who was the leader of the physiocrats, the first systematic school of economic thought
Francios quesnay
English economist who wrote principles of economics introduced the notions of consumer surplus, quasi-rent, demand curves, and elasticity
Alfred Marshall
American economist (of Norwegian heritage) who wrote the theory of leisure class and introduced conspicuous consumption
Thorstein Veblen
British economist and social philosopher known for extending some of Ricardo’s ideas. Also wrote on liberty
John Stuart mill