Important People Flashcards
1
Q
The Academy
A
Plato
2
Q
Just Price/ Just Wage
A
St. Thomas Aquinas
3
Q
Quantity/ Theory of Money
A
Hume
4
Q
Invisible Hand Doctrine
A
Smith
5
Q
Name of Smith’s Magnum Opus
A
Wealth of Nations
6
Q
Pessimist View
A
Malthus
7
Q
Optimist View
A
Smith
8
Q
Classical Rent Doctrine
A
Riccardo
9
Q
Law of Diminishing Returns
A
Malthus
10
Q
Law of Comparative Advantage
A
Riccardo
11
Q
Law of Absolute Advantage
A
Smith
12
Q
Elasticity
A
Marshall
13
Q
Entrepreneurship
A
Schumpeter
14
Q
Indifference Curves
A
Edgeworth
15
Q
Conspicuous Consumption
A
Veblen
16
Q
Inferior Goods
A
Giffen
17
Q
The General Theory of (Pretty much ANYTHING)
A
Keynes
18
Q
Consumer Surplus
A
Marshall
19
Q
Labor Theory of Value
A
Riccardo
20
Q
Utilitarianism, Utils, Utility
A
Mill
21
Q
Optimal Theory
A
Pareto
22
Q
Production Possibilities Frontier
A
Pareto
23
Q
Das Kapital
A
Marx
24
Q
Scissors Analogy
A
Marshall
25
Equilibrium Theory
Walras
26
Supply and Demand
Marshall
27
Theory of the Firm
Marshall
28
Physiocracy
Quesnay
29
European Common Market
Monnet
30
Negative Income Tax
Fridman
31
Welfare Economics
Pareto
32
Business Cycles
Marx, Schumpeter, and Harrod Domar
