Economists

Question 1

When was Adam Smith alive?

Answer 1

1723-1790

Question 2

What book did Adam Smith mainly write and when?

Answer 2

An Inquiry into the nature and causes of the Wealth of Nations (1776)

Question 3

What metaphor did Adam Smith create?

Answer 3

Invisible hand

Question 4

What did Adam Smith found?

Answer 4

Classical School of Economics

Question 5

What nationality was Adam Smith?

Answer 5

Scottish

Question 6

What nationality was Milton Friedman?

Answer 6

American

Question 7

When was Milton Friedman alive?

Answer 7

1912-2006

Question 8

What kind of thinker was Milton Friedman?

Answer 8

Conservative

Question 9

What did Milton Friedman advocate?

Answer 9

Monetarism

Question 10

What is monetarism a revision of?

Answer 10

The quantity theory of money

Question 11

What was Milton Friedman’s main work and when was it published?

Answer 11

A Monetary History of the United States, 1867-1960 (1963)

Question 12

What government policy did Milton Friedman idealize?

Answer 12

Laissez-faire

Question 13

What nationality was Karl Marx?

Answer 13

German

Question 14

When was Karl Marx alive?

Answer 14

1818-1883

Question 15

What was Karl Marx besides an economist?

Answer 15

Historian and social philosopher

Question 16

What was Karl Marx’s contribution to economic thought?

Answer 16

Extending the labor theory of value to its logical conclusion, his theory of surplus value

Question 17

What else did Karl Marx defend?

Answer 17

economic materialism

Question 18

What book did Karl Marx write?

Answer 18

Das Kapital (1867, 1885, 1894)

Question 19

What nationality was John Maynard Keynes?

Answer 19

English

Question 20

When was John Maynard Keynes alive?

Answer 20

1883-1946

Question 21

What was John Maynard Keynes’ most notable work?

Answer 21

The General Theory of Employment, Interest, and Money (1936)

Question 22

What was the best way to deal with prolonged recessions in John Maynard Keynes’ opinion?

Answer 22

Deficit spending

Question 23

What nationality was David Ricardo’s nationality?

Answer 23

English

Question 24

When was David Ricardo alive?

Answer 24

1772-1823

Question 25

What was David Ricardo best known for writing?

Answer 25

Principles of Political Economy and Taxation

Question 26

What notion did David Ricardo introduce?

Answer 26

Comparative advantage

Question 27

What did David Ricardo theoretically justify?

Answer 27

International trade

Question 28

What law did David Ricardo put forth?

Answer 28

Iron law of wages

Question 29

What nationality was John Kenneth Galbraith?

Answer 29

Canadian

Question 30

When did John Kenneth Galbraith live?

Answer 30

1908-2006

Question 31

What were John Kenneth Galbraith's most famous works?

Answer 31

The Affluent Society; The New Industrial State

Question 32

What did John Kenneth Galbraith emphasize?

Answer 32

Public service, limitations of the marketplace

Question 33

What nationality was Francois Quesnay?

Answer 33

French

Question 34

When did Francois Quesnay live?

Answer 34

1694-1774

Question 35

What school of economic thought was Francois Quesnay the leader of?

Answer 35

The Physiocrats (the first school of economic thought)

Question 36

What policy did the Physiocrats advocate?

Answer 36

Laissez-faire

Question 37

What notion did the Physiocrats advocate?

Answer 37

Land is the ultimate source of all wealth

Question 38

What nationality was Alfred Marshall?

Answer 38

English

Question 39

When did Alfred Marshall live?

Answer 39

1842-1924

Question 40

What was Alfred Marshall's magnum opus?

Answer 40

Principles of Economics (1890)

Question 41

What notions did Principles of Economics by Alfred Marshall introduce?

Answer 41

Consumer surplus, quasi-rent demand curves, and elasticity

Question 42

What nationality was Thorstein Veblen?

Answer 42

American

Question 43

When did Thorstein Veblen live?

Answer 43

1857-1929

Question 44

What is Thorstein Veblen primarily remembered for?

Answer 44

The Theory of the Leisure Class (1899)

Question 45

What phrase did Thorstein Veblen introduce in his book?

Answer 45

Conspicious consumption

Question 46

What did Thorstein Veblen liken the obstentation of the rich to?

Answer 46

Proofs of virility found in the animal kingdom

Question 47

What nationality was John Stuart Mill?

Answer 47

English

Question 48

When did John Stuart Mill live?

Answer 48

1806-1873

Question 49

What was John Stuart Mill besides an economist?

Answer 49

Social philosopher

Question 50

What first book did John Stuart Mill write?

Answer 50

Essays on Some Unsettled Questions of Political Economy (1844)

Question 51

What did John Stuart Mill believe in?

Answer 51

The relationship between profits and wages

Question 52

What did John Stuart Mill exhaustively examine and in what book?

Answer 52

The necessity of private property; Principles of Political Economy (1848)