Economists biography book
Milton Friedman — American economist from the University of Chicago.
Friedman rose to prominence for his advocacy of monetarism, which was adopted by US and UK governments in the s. Friedman was critical of fiscal policy and government spending. Monetarism placed great faith in controlling the money supply to control inflation. He also supported free-market reforms, such as privatisation and de-regulation. Joan Robinson — British economist from University of Cambridge.
Robinson made important contributions to post-Keynesianism arguing for greater state involvement to overcome inequality and the failings of the free market. In , she coined the term monopsony which looked at monopoly power of buyers and employers. Robinson also began work on development economics. John Hicks — British economist.
Highly influential in strengthening Keynesian macroeconomic theory through his IS-LM theory of Demand, interest rates and money supply. He also worked on consumer demand theory in micro-economics. Received the Nobel Prize in economics for his work on welfare economics and general equilibrium theory. Schumacher — British economist. He also created the multiplier idea, which clarifies how changes in investment can result in larger changes in output.
Many countries have adopted his ideas on the role of the government in the economy. According to the hypothesis, inflation is primarily determined by the money supply.
Biography of an economist john
He also argued that the only time the government ought to become involved in the economy is to maintain a stable monetary system. Sen is best known for his work on welfare economics, particularly his theory of capabilities. His notion of capacities is currently frequently utilized to calculate poverty levels and develop poverty-reduction strategies.
He is also acknowledged with alerting the international community to the problem of famines. Stiglitz is best known for his work on information asymmetry. The theory clarifies how an information gap might result in market failures. According to Stiglitz, a lack of information can result in market failures such as an ineffective distribution of resources and poor investment choices.
Additionally, he made the case that by educating market players, the government might help to mitigate these market failures. The work of Krugman on international trade, particularly his theory of new trade theory, is his most well-known contribution. According to the principle, nations can profit from trade even if they are not the best producers of all things.
His writings have had a significant impact on the globalization discussion. His contributions to the examination of trade patterns and the location of economic activity earned him the Nobel Memorial Prize in Economic Sciences. The work of Sowell on race and economics is well recognized, notably his notion of black economic advancement. He contends that government initiatives have impeded the expansion of the black economy.
He is a supporter of the race realism theory, which contends that there are substantial disparities in intelligence, culture, and behavior across the races. In addition, he has criticized affirmative action and laws that discriminate against white people. Read more about these 10 most famous NASA scientists. Lucas has published numerous articles on rational expectations.
Fiscal policy, monetary economics, and economic growth are further areas where Lucas has made contributions. He is a supporter of free markets.
Biography of an economist pdf
Therefore, government should only have a small influence on the economy. Inflation is another issue that he opposes, and he sees it as a serious danger to economic expansion. Taleb is most recognized for his research on black swan occurrences, which are uncommon but difficult to anticipate events that can have a significant impact. He makes the case that the world is much more unpredictable and that we should always be ready for the unexpected.
Son of a shoemaker but educated at the Edinburgh University, James demonstrated, in course of time, his reputation as a philosopher, an economist, a utilitarian, and also a historian. He continued his assignment in the India House, London, till the beginning of the thirties of the nineteenth century. These apart, his contribution to the supply-demand theory of value with more emphasis on supply cost of production than on demand was notable in his time.
Warren was an agricultural economist and was attached to the College of Agriculture, University of Cornell.
Biography of an economist meaning: In the s and s, J. K. Galbraith was probably America’s most famous economist. A Canadian, whose career began as an agricultural economist, Galbraith achieved notoriety in the United States as Director of the wartime Office of Price Administration, until he was forced to resign.
Comte was born, and lived, at a time when the political and social conditions of France were in a terrible disarray. Comte was a pupil of Saint-Simon, and impressed J. Later, however he became an associate of the said Company. The downward swing of trade cycles, he explained, was the result of four basic causes, namely, import of luxury goods, gold export policy of the E.
His works comprise of two pamphlets as stated above. Occupationally a lawyer, Riviere was a close follower of Quesnay, founder of the Physiocratic School of Economic Thought. He came back to Paris and kept himself engaged more actively in writing down his views on economic and related matters. Born at Fallaise, France, Montchretien, although occupationally a manufacturer of hard-wares, was an adventurer, a poet, a patriot and a nationalist.
He was also in the service of the King as a Counsel. He was a precursor of political economy … of Beccarie in the criminal law … of Burke when Burke seems a hundred years ahead of his time. The Frenchmen tell us that he was the precursor of Rousseau. He was the authority for the writers of the Federalist. Supreme Court.
Wages can be rising faster than productivity, and hence the prospect of profit is reduced. Or, taxes may be so heavy as to have the same effect and leave little incentive. Under these circumstances, just putting in more money will not help the basic problems. And there is one further problem that can never be forgotten.
Biography of an economist example
The extra money put in during depression to stimulate the economy may not at first cause inflation, but that money will not die. As after World War II in the United States, the piled up accumulations of years of deficits may later on suddenly explode, plunging the nation into severe inflation. Henry Hazlitt. Son of a German academician and with specialized study in law at the universities of Gottingen and Berlin, Rodbertus devoted himself to intellectual study and exercises with occasional ventures into politics.
H [ edit ]. Friedrich Hayek. Trygve Haavelmo. Glenn Hubbard. Hamermesh born , American economist James D. Hamilton born , American economist and academic Steve H. Hicks born , American economist and academic Robert Higgs born , American economic historian Jack Hirshleifer — , American economist and academic John A. Holt born , American behavioral economist Harry J.
I [ edit ]. J [ edit ]. William Stanley Jevons. Matthew O. Jaeger born , American economist and researcher Davoud Danesh-Jafari , Iranian politician and economist Ravi Jagannathan born , American economist and academic Eliot Janeway — , American economist and author William H. Janeway born , American economist and venture capitalist Robert A.
Jorgenson born , American economist and academic Boyan Jovanovic born , American economist and academic. K [ edit ]. John Maynard Keynes. Nicholas Kaldor. Daniel Kahneman. Finn E. Anne Osborn Krueger. Kehoe born , American economist and academic Stephanie Kelton born , American economist and academic A. L [ edit ].
John Law. Abba Lerner. Oskar Lange. Laitner born , American economist and environmentalist Naomi Lamoreaux born , American economic historian Steven Landsburg born , American economist Philip R. Levine b. Levitt born , American economist Arthur Lewbel c. Lott born , American economist and political commentator Robert Lucas, Jr.
Luczo born , American chief executive Rosa Luxemburg — , Polish-born economist and revolutionary socialist Gerard Lyons born , English political economist. M [ edit ]. Thomas Malthus. John Stuart Mill. Alfred Marshall.
Biography of an economist
Ludwig von Mises. Dale Mortensen. Xavier Sala i Martin. Dambisa Moyo. Merton born , American economist and Nobel laureate Albert J. Louis James Mirrlees — , Scottish economist and Nobel laureate Ludwig von Mises — , Austrian economist and sociologist Frederic Mishkin born , American economist and academic Baidyanath Misra 20th c.