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Economics Revision > Influential Economic Thinkers > Flashcards

Influential Economic Thinkers Flashcards

1
Q

Adam smith

A

Shaped traditional economic theory- believer in the free market

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2
Q

Karl Marx

A

Critical of the free market - it allowed certain people to dominate

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3
Q

Friedrich Hayek

A

Supporter of the free market system and critic of command economies.
Governments shouldn’t intervene to allocate resources bc governments lack information .

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Economics Revision (11 decks)

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