Alfred Marshall was one of the most influential economist during the 19th and 20th century, He is

John Maynard Keynes fostered a school of thought that came to be known after him,

He described economics as evolutionary, constantly changing with the values, customs and laws of society. It was, in part, the uniqueness of his theories of the nature of economic order that made them so significant. Nobody else at the time seemed to notice a problem in the lavish way the wealthy displayed their wealth.

John Maynard Keynes was born in 5th of June 1883 and died at the age of 62 on the 21st of April 1946. His work in economics and his ideas fundamentally changed the practice and theory of modern macroeconomics as well as the economic policies of governments. Keynes is very well known for his exceptional work on the implications and causes of the business cycles and is also regarded as the founder of modern macroeconomics. The school of thought also known as ‘Keynesian economics’ as well as the various offshoots have his ideas as foundation.

In the book, Naked Economics: Undressing the Dismal Science talks about the basics of economics and how an individual or business can make the most of their overall happiness. Wheelan does the justice of taking professional economist ideas and language to the level of where beginner and/or individuals that are looking for an easier way to understand economics. Wheelan is has had a lot of experience with economics, by graduating and becoming a professor at Dartmouth College, as well as, the author and founder of the Centrist Political Party. He does a good job on breaking down a few of the implantations that economics has for an easy to explain. This

He was an English political economist. His laissez-faire theory were characterized in his Iron Law of Wages that said, all tries to help make the real income of workers better by producing and making wages remained near the normal. In his paper on the Influence of a Low Price of Corn on the Profits of Stock he said what was to be known as the law of diminishing returns. He wrote about theory's of value into his own theories of action of sharing. Ne wanted to answer economic questions that everyone had so he thought host economics to a very hard state and it was a very long and hard process. He shows the system more clear and better than other people, because they needed to know it better

John Komlos creditably about the topic is really high. He is a professor emeritus of economics and of economic history at the University of Munich and on top of that, he also taught at Harvard, Duke and the University of Vienna as well. Base on the author information from the article John Komlos is also the author of the new textbook, “What Every

He is widely recognized for his key role in developing the field of human capital, the paradigm of rational choice is sociology and the application of economics modeling to key questions in political science.

Many of his writings contributed to the Neoclassical Marginalist Revolution in the early 1900’s. This was the great shift from classical to neoclassical economics. He was also a big advocate of the League of Nations, because of his promotion of healthy living and world peace, and this in turn helped to eventually create the United Nations. His theories, no matter how controversial, helped shape economics into what it is

He would discuss the behavior in people, specifically what do they want and how do they go about getting it. He argued that people are rational, in this way he means that the average person will be looking to increase their own wealth. Adam Smith even went so far as to say people are selfish when it comes to economics. He is essentially saying that almost every human will think before they buy something and think “What is this worth to me?” This can range from getting a cab instead of walking or spending six hundred dollars on a new phone.

Seeing as I have never taken an economics class in my life, nor have I held any particular interest in the subject, I did not expect to enjoy this book as much as I did. However, almost immediately I noticed that Wheelan addresses economics with an interesting perspective. Rather than just droning on tirelessly about topics like government and the economy, he offers a unique sense of humor and relatability that can be observed throughout the book.

The Armchair Economist have opened up tons of ideas which I would never thought can make such impact to my daily life. In this book, he raised questions

“To those who still uphold the traditions of religious and political thought that influenced the shaping of our society and the founding of our government, it is astonishing, and of course discouraging, to see economics now elevated to the positon of ultimate

Marshall was a famous and powerful general in World War || he was born in December 31, 1880 and raised in Pennsylvania.

Milton Friedman is one of the most well known Economists of all time. Born on July 31st, 1912, in New York City, Mr. Friedman grew up in Rahway, New Jersey. His family owned a dry-goods store, and he grew up poor. Throughout school, Mr. Friedman excelled in mathematics. In 1932, during the heart of the Great Depression, Mr. Friedman graduated with a degree in mathematics from Rutgers University, being the first of his family to graduate from college. While wanting to continue his career in math, the Great Depression caused him to pursue a master’s in Economics instead at the University of Chicago. Only taking one year to receive his masters, Mr. Friedman then went on to Columbia university where he continued his

Other important classical economists include David Ricardo who introduced and developed the concepts of comparative advantage and the