Friday, March 28, 2008

Famous economists

Early economists were found in the Ancient Greek world, with Aristotle (382-322 BC) expounding in his work Topics on the topic of human production and further examining the topic in Politics.[11] Xenophon (431-355) also wrote extensively on the Athenian economy in his work Economics. [12] According to some historians, "the pioneer economist of the world" was Chanakya (c. 350-283 BC) an adviser and prime minister to the first Maurya Emperor Chandragupta from 340-293 BC.[13] In the 1700s, one of the first economic writers was Richard Cantillon (1680-1734), who wrote the treatise Essai Sur la Nature du Commerce en Général. Early founders of economic concepts included the Scottish philosopher, economist, and historian. David Hume 1711-1776) and the so-called "classical economists": English demographer and political economist Thomas Malthus (1766-1834), political economist David Ricardo (1772–1823), and the Scottish moral philosopher and political economist Adam Smith (1723-1790). Other early developers of economic concepts include the British philosopher, political economist John Stuart Mill (1806–1873); French economist and free trade advocate Jean-Baptiste Say (1767–1832); Prussian philosopher, political economist, and revolutionary Karl Marx (1818–1883); French classical liberal theorist and political economist, Frédéric Bastiat (1801–1850); and English economist and logician William Stanley Jevons (1835-1882).
Founders of important economic concepts who were alive during the 20th century include the Austrian economist Eugen von Böhm-Bawerk (1851–1914); the founder of the Austrian School of economics, Carl Menger (1840–1921); British economist, developer of Keynesian economics, and influential founders of modern theoretical macroeconomics John Maynard Keynes (1883–1946); American economist, health campaigner, and eugenicist Irving Fisher (1867-1947); German economist and proponent of the social market economy, Wilhelm Röpke (1899-1966); American economists, Nobel Prize Laureate and proponent of the Tobit model, James Tobin (1918-2002); Austrian-British member of the Austrian School of economics Friedrich Hayek (1899-1992); and American economist, public intellectual, and laissez-faire capitalism advocate Milton Friedman (1912–2006).
Current well-known American economists include Paul Krugman, a public intellectual, advocate of modern liberal policies, known for his descriptions of rising inequality; Jeffrey Sachs, former United Nations economic adviser to the Secretary-General and author of The End of Poverty; and Alan Greenspan, the former chairman of the Federal Reserve.

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