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SHS Social Science

Social science questions and answers for Stillwater High school Academic Team

QuestionAnswer
Scottish philosopher and economist. Though he wrote on nearly every subject of moral and social philosophy, he is basically remembered as the author of An Inquiry into the nature and causes of the Wealth of Nations Adam Smith
American economist. Conservative thinker famous for his advocacy of monetarism (an revision of the quantity theory of money) in works like A Monetary History of the United States, 1867-1960 . he is strongly associated with the ideals of laissez-faire gov. Milton Friedman
German economist, historian, and social philosopher. His principal contribution to economic thought was extending the labor theory of value to its logical conclusion, his theory of surplus value. This theory appeared in Das Kapital. Karl Marx
English economist. He is most famous for The General Theory of Employment, Interest and Money, which judged most of classical economic analysis to be a special case and argued that the best way to deal with prolonged recessions was deficit spending. David Ricardo
Canadian economist. He probably wouldn't make this list if contributions to economic theory were all that mattered; as it is, his liberal popular writings like The Affluent Society and The New Industrial State ensure his coming up again and again. John Kenneth Galbraith
French economist. He was the undisputed leader of the Physiocrats, the first systematic school of economic thought. Among its tenets were the economic and moral righteousness of laissez-faire policies and that land was the source of all wealth. Francois Quesnay
English economist. Marshall's magnum opus, 1890's Principles of Economics, introduced the notions of consumer surplus, quasi-rent, demand curves, and elasticity, all fundamental concepts in introductory macro- and microeconomics. Alfred Marshall
American economist. Veblen is primarily remembered for his The Theory of the Leisure Class that introduced phrases like "conspicuous consumption." He is remembered for likening the ostentation of the rich to the Darwinian proofs-of-virility. Thorstein Veblen
British economist and social philosopher. Mill is known today for his work extending the ideas of Ricardo in essays on Some Unsettled Questions of Political Economy; also, examining the necessity of private property in Principles of Political Economy. John Stuart Mill
Created by: Striiiider
 

 



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