Economists

People who have made a name for themselves studying the production and distribution of goods.

• Adam Smith (born 1723, died 1790)

  Scottish economist, author of The Wealth of Nations (1776).

  • Prophet of free-market economics
• David Ricardo (born 1772, died 1823)

  English economist.

  • Founder of the classical school of economics
• Frank W. Taussig (born 1859, died 1940)

  American economist and educator.

  • Wrote Wages and Capital
• Friedrich Engels (born 1820, died 1895)

  German socialist.

  • Co-wrote the Communist Manifesto with Karl Marx
• Gunnar Myrdal (born 1898, died 1987)

  Swedish economist.

  • Known for his work on the theory of money and studies of economic fluctuations
• Henry George (born 1839, died 1897)

  American economist.

  • His ''''Our Land and Land Policy'''' declared that land values represent monopoly power
• Irving Fisher (born 1867, died 1947)

  American economist.

  • Wrote The Purchasing Power of Money
• James L. Laughlin (born 1850, died 1933)

  American political economist.

  • Helped establish the Federal Reserve System
• John R. Commons (born 1862, died 1945)

  American economist and author.

  • Wrote The Distribution of Wealth
• John Maynard Keynes (born 1883, died 1946)

  English economist; advocate of government intervention in the economy.

  • Editor of Economic Journal and author of many books
• Joseph Schumpeter (born 1883, died 1950)

  German economist.

  • Wrote Business Cycles
• Louis Blanc (born 1811, died 1882)

  French socialist.

  • Considered the founder of state socialism
• Milton Friedman (born 1912)

  American economist. One of the foremost proponents of laissez-faire economic policy.

  • Wrote Capitalism and Freedom
• Sidney J. Webb (born 1859, died 1947)

  English economist, socialist and statesman. A founder of the Fabian Society.

  • Wrote Socialism in England
• Vilfredo Pareto (born 1848, died 1923)

  Economist and sociologist.

  • His theories rejected democracy and heavily influenced Italian Fascism
• William Graham Sumner (born 1840, died 1910)

  American economist and sociologist.

  • Advocate of free trade and big business
• Karl Marx (born 1818, died 1883)

  German political philosopher; founder of modern socialism.

  • Wrote the Communist Manifesto (with Friedrich Engels) and Das Kapital
• John Kenneth Galbraith

  Canadian-American economist.

  • Leading liberal economist who was one of John F. Kennedy''s key economic advisers