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
