Famous Economists
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| Author of The Affluent Society and The New Industrial State | John Kenneth Galbraith
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| Introduced concept of comparative advantage and Iron law of wages. Wrote Principles of Political Economy and Taxation | David Ricardo
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| Wrote the classic textbook, Principles of Economics, in the 1890s which introduced ideas of supply and demand curves, elasticity, consumer surplus, marginal utility, and quasi-rent. He also shares a birthday with Mrs. Newmark | Alfred Marshall
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| Extended the labor theory of value to the idea of surplus value. Wrote Das Kapital and the Communist Manifesto | Karl Marx
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| Moral philosopher who wrote An Inquiry into the Nature and Causes of the Wealth of Nations and thus singlehandedly founded the classical school of economics. Introduced the idea of the invisible hand that controls markets; advocate of laissez faire. | Adam Smith
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| Extended Ricard's work in his Essays on Some Unsettled Questions of Political Economy. His Principles of Political Economy became a standard text. Also was an exponent of utilitarianism; was a child prodigy educated by his father; wrote On Liberty | John Stuart Mill
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| Advocate of monetarism; his A Monetary History of the U.S., explored the mistakes the Federal Reserve had made in the Great Depression; won the Nobel Prize. His PBS series, Free to Choose, brought his ideas of conservative economics to a mass audience. | Milton Friedman
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| Leader of the Physiocrats, the first systematic school of economic thought. Built on the notion that land is the ultimate source of all wealth. French | Francois Quesnay
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| In his The Theory of the Leisure Class in 1899 he introduced the concept of "conspicuous consumption" by the rich just to show off. Norwegian | Thorstein Veblen
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| Wrote General Theory of Employment, INterest and Money; criticized the Treaty of Versailles; his theory of using government spending to get out of a recession are influential still today; Member of Bloomsbury Group; married a Russian ballerina | John Maynard Keynes
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