Search results
Results From The WOW.Com Content Network
Yoram Barzel (1931–2022), Israeli economist, works in property rights, applied price theory, and political economy; Frédéric Bastiat (1801–1850), French classical liberal theorist, political economist; Kaushik Basu (born 1952), Indian economist and academic, Senior Vice President and Chief Economist of the World Bank
The announcement of the 2008 Nobel Memorial Prize in Economic Sciences in Stockholm. The winner of the prize was Paul Krugman.. The Nobel Memorial Prize in Economic Sciences, officially known as The Sveriges Riksbank Prize in Economic Sciences in Memory of Alfred Nobel (Swedish: Sveriges riksbanks pris i ekonomisk vetenskap till Alfred Nobels minne), is an award funded by Sveriges Riksbank and ...
The Theory of Economic Growth (1955) Arthur Lewis; Description: First modern development economics textbook Importance: Introduction Development microeconomics (1999) Pranab Bardhan and Christopher Udry, Oxford; Description: Widely used textbook. Importance: Introduction Development macroeconomics – Pierre-Richard Agénor and Peter J. Montiel.
The General Theory is often viewed as the foundation of modern macroeconomics. Few senior American economists agreed with Keynes through most of the 1930s. [55] Yet his ideas were soon to achieve widespread acceptance, with eminent American professors such as Alvin Hansen agreeing with the General Theory before the outbreak of World War II. [56 ...
One unifying part of their theories was the labour theory of value, contrasting to value deriving from a general equilibrium theory of supply and demand. These economists had seen the first economic and social transformation brought by the Industrial Revolution: rural depopulation, precariousness, poverty, apparition of a working class.
Classical economics focuses on the tendency of markets to move to equilibrium and on objective theories of value. Neo-classical economics differs from classical economics primarily in being utilitarian in its value theory and using marginal theory as the basis of its models and equations. Marxian economics also descends from classical theory.
Alfred Marshall FBA (26 July 1842 – 13 July 1924) was an English economist and one of the most influential economists of his time. His book Principles of Economics (1890) was the dominant economic textbook in England for many years.
Classical economists and their immediate predecessors reoriented economics away from an analysis of the ruler's personal interests to broader national interests. Adam Smith , following the physiocrat François Quesnay , [ 7 ] identified the wealth of a nation with the yearly national income, instead of the king's treasury.