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Theorists

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DefinitionTerm/Concept/Person
This philosopher believed that if everyone is free than everyone is in danger and that security was more important than freedom Hobbes
Believed people are rational, intelligent, reasonable and good Locke
Believed humans were born free and everywhere in chains because they are corrupted by society Rousseau
Believed in capitalism, free markets and the invisible hand Smith
Stated “To each according to his needs from each according to his abilities” Marx
Believed that the boom bust cycle was created because of animal spirits or human nature Keynes
Believed the boom and bust cycle was created because of low interest rates and malinvestments because of cheap credit Hayek
Believed in the separation of powers Montesquieu
Created by: klmit
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