SSTjumbo From , joined Dec 1969, posts, RR: Posted (13 years 9 months 4 days 16 hours ago) and read 7778 times:
Hello. As I study for my economics final, could anyone remind me of famous people in economics? I don't have any of my notes from that class right now, but I know of Adam Smith, John M. Keynes, John Bates Clark, and John Baptiste off the top of my head. Who am I missing who is very important? Thanks.
FlyBoeing From United States of America, joined May 2000, 866 posts, RR: 1
Reply 5, posted (13 years 9 months 4 days 16 hours ago) and read 7743 times:
Milton Friedman is the big monetarist, popular with the GOP and other "hands off economy" types who believe that the biggest thing that affects the economy is inflation. He's the arch-enemy of Keynes and other types who believe that government intervention can affect the economy and that unemployment is more important.
As far as I can tell, Friedman is my favorite. I also like Paul Krugman.
L-188 From United States of America, joined Jul 1999, 30265 posts, RR: 57
Reply 8, posted (13 years 9 months 4 days 9 hours ago) and read 7720 times:
F. A. Hayek. Nobel laureate, Teacher of Milton Friedman and inspiration of the monetary policies of both Margaret Thatcher and Ronald Reagan. Wrote the book, "The Road to Serfdom".
Over time the thoughts of Keynes will become more marginalized and outdated. The transition of the US and British economies from the recessions of the 70's to the economic boom of the 1980's, Germany when price controls where abolished post world war II(I can't remember the fellow who ordered that), and Poland's transformation to a market economy is proof of that.
Marx's ideas need to be banished to the pages of history too.
OBAMA-WORST PRESIDENT EVER....Even SKOORB would be better.
SSTjumbo From , joined Dec 1969, posts, RR:
Reply 11, posted (13 years 9 months 3 days 10 hours ago) and read 7682 times:
Thanks everyone very much. BTW, WHO KEEPS GIVING EACH OF MY THREADS ONE STAR?! Whoever is should stop because you're only making yourself look bad and sacrificing your honor. I hope I don't need to bring this up again