Classical and Modern Economists - 1 Introduction to Economics 06 June 2019 Classical and Modern Economists Milton Friedman 1912-2006 American received

Classical and Modern Economists - 1 Introduction to...

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1 Introduction to Economics 06 June 2019 Classical and Modern Economists Milton Friedman: 1912-2006, American, received the 1976 Nobel Memorial Prize in Economic Sciences for his research on consumption analysis, monetary history and theory, and the complexity of stabilization policy. Ragnar Frisch: 1895-1973, Norwegian, known for being one of the founders of the discipline of econometrics, and for coining the widely used term pair macroeconomics/microeconomics. Alexander Hamilton: 1755-1804, American, the founder of the nation's financial system. David Hume: 1711-1776, Scottish, developed ideas on private property, inflation, and foreign trade. John Maynard Keynes: 1883-1946, British, fundamentally changed the theory and practice of macroeconomics and the economic policies of governments. Karl Marx: 1818-1883, German, his work on understanding capitalism as a social and economic system remains a valid critique in the modern era. John Stuart Mill: 1806-1873, British, most well-known for his 1848 work, "Principles of
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