Economists Flashcards
1
Q
Thomas Malthus
A
There is limited food to support the population
This came from him seeing industrilization in London
2
Q
John Maynard Keynes
A
Large scale government investment into the economy
Influenced by high rates of unemployment
3
Q
Milton Friedman
A
1950s when market is rising and the consumer is becoming more empowered
Promoted a free market
Anti-inflation, end military draft, school vouchers
4
Q
John Kenneth Galbraith
A
Defended price controls during WW2
Famously wrote the “Affluent Society”
Critic of conventional wisdom
Thought big corporations got in the way of the market
