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PBHS Economists
NAQT Economists
Question | Answer |
---|---|
Scottish philosopher and economist | Adam Smith |
"An Inquiry into the nature and causes of the Wealth of Nations" 1776 | Adam Smith |
Created the "invisible hand" | Adam Smith |
His work founded the Classical school of economics | Adam Smith |
American economist who advocated monetarism | Milton Friedman |
"A Monetary History of the United States, 1867-1960" | Milton FRIEDMAN |
American economist strongly associated with "laissez-faire" government policy | Milton FRIEDMAN |
German economist, historian, and social philosopher; theory of surplus value and economic materialism | Karl Marx |
Co-wrote Das Kapital with Engels | Karl MARX |
"The General Theory of Employment, Interest, and Money" | John Maynard KEYNES |
English; promoted deficit spending to deal with prolonged recession | John Maynard KEYNES |
"Principles of Political Economy and Taxation" | RICARDO |
English; "iron law of wages" (wages should be at a minimum--held low--static and unchanging) | David RICARDO |
Canadian; "The Affluent Society" "The New Industrial State" | John Kenneth GALBRAITH |
French economist; Physiocrats; land is ultimate source of all wealth; | Francois QUESNAY |
English; "Principles of Economics" consumer surplus, demand curves, elasticity...fundamental concepts in micro- and macroeconomics | Marshall |
American; "The Theory of the Leisure Class" | Thorstein VEBLEN |
"conspicuous consumption"; animal kingdom comparison of the ostentation of the rich | Veblen |
British; extended ideas of Ricardo in "Essays on some Unsettled Questions of Political Economy" | Mill |
necessity of private property in "Principles of Political Economy" | John Stuart MILL |
Utilitarianism | Mill |
"An Essay on the Principle of Population" | Thomas Malthus |