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fathers of economics
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fathers of economics
these are a few of the fathers.
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Adam smith
Adam Smith was baptized , June 5 in the year of 1723. He died in July 17, 1790. Adam smith was a Scottish philosopher, who was well known for his works of the Wealth Of the nation. “No society can surely be flourishing and happy of which by far the greater part of the numbers are poor and miserable. ” The Ivisable Hand was a metaphor he created to show how so economics can rise. Adam smith is the father of economics.
Adam smith
The Wealth of Nations was a book that Adam smith wrote.
wealth of nation
One of the central ideas is That the more they invest the more they will have more in the future.
The Invisable Hand
The Invisible Hand is an metaphor that shows how economics can grow.
Invisable Hand
Karl Marx
Karl Marx was born May 5th of 1818 then died in
March 14 1883. Karl Max was a German philosopher who helped write Das Kapital. He was an advocate for Communists. Heres a quote that caught my eye. "The only antufote to mental suffering is physical pain." berlin.
Karl Marx
Das Kapital
Made in September 14, 1867, das Kapital is a book that is about, Marx idea on hor the capitlist systems tenf to destroy itself. There were a total of 3 editions of this book.
Das Kapital
Alfred Marshall
Alfred Marshell was born on July, 26, 1842. He died in england on July 13 1924. he was really good with mircoeconmics. he studied in individual markets and industries, instead of the whole economy. he stated that the price and oputput of the good shoulf be based of of supply and demand. "The price of every thing rises and falls from time to time and place to place; and with every such change the purchasing power of money changes so far as that thing goes"
Alfred Marsherll
John Keys
John Maynard Keynes was born in june, 5, 1883 and died in april 21 in 1946. "It is better to be roughly right then precisely wrong.". John Keynes was a economist and a well known financier because of his theorys.
John Keys
Deficit Spending
Deficit Spending is qhwn rhe goverment goes over the budget during an fiscal period. (a period of 12 months were the company accounts.) in which the company takes debt using supply and demand.
Deficit spending
Mr Macroeconomics
How Marginal Revenue works is by Dividing the change of the total revenue by the change form a a quantity. the marginak curve is often sloping downard because thre is usually an inveres relation in economics.
Mr Macro.
Milton Friedman
Milton Freidman was bon on July 31 in 1912 and died in November 16 of 2006.He was an American Econimist and a teacher. he then continued his studeis in the universiity of chicago. "Inflation ia taxation with out legislation."
Milton Friedman
Chicago school of economics.
The school of economics was founded by Frank Hyneman Knight, that promoted the idea of free market to help make socitety better. this school teachs about finance and law and others.