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Economists

YGK These Economists

QuestionAnswer
Author of An Inquiry into the nature and causes of the Wealth of Nations and creator of the "invisible hand" metaphor Adam Smith
Conservative thinker who advocated for monetarism and wrote A Monetary History of the United States, 1867–1960 Milton Friedman
German philosopher whose theory of surplus value and defense of historical materialism appeared in Das Kapital Karl Marx
English economist who proposed deficit spending as a solution to recessions in The General Theory of Employment, Interest and Money John Maynard Keynes
Economist best known for Principles of Political Economy and Taxation and the "iron law of wages" David Ricardo
Canadian author of liberal popular writings such as The Affluent Society and The New Industrial State John Kenneth Galbraith
Undisputed leader of the Physiocrats who argued that land is the ultimate source of all wealth Francois Quesnay
Author of the 1890 magnum opus Principles of Economics which introduced consumer surplus and demand curves Alfred Marshall
American economist who coined the phrase "conspicuous consumption" in The Theory of the Leisure Class Thorstein Veblen
Social philosopher who examined the necessity of private property in his 1848 work Principles of Political Economy John Stuart Mill
The first systematic school of economic thought, which believed in the moral righteousness of laissez-faire policies Physiocrats
The economic school of thought founded by the work of Adam Smith Classical school of economics
The specific theory Marx developed by extending the labor theory of value to its logical conclusion Theory of surplus value
The term Veblen used to describe the ostentation of the rich as a Darwinian proof of virility Conspicuous consumption
The specific concept Milton Friedman revised through his advocacy of monetarism Quantity theory of money
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