Assignment – 1 Macroeconomics
Economists and their important works:
Adam Smith FRSA was a Scottish economist,
philosopher and author as well as a moral
philosopher, a pioneer of political economy and a
key figure during the Scottish Enlightenment era.
Main article: The Theory of Moral Sentiments, The
Wealth of Nations
Thomas Malthus was an English cleric and scholar,
influential in the fields of political
economy and demography
Main article: An Essay on the Principle of
Population
John Stuart Mill was a British philosopher, political
economist and civil servant. One of the most
influential thinkers in the history of liberalism, he
contributed widely to social theory, political
theory and political economy
Main article: On Liberty, freedom of speech
Jeremy Bentham was an English philosopher, jurist,
and social reformer regarded as the founder of
modern utilitarianism
Main article: Bowring, Stark ,Bentham Project
David Ricardo was a British political economist, one
of the most influential of the classical economists.
Main articles: The High Price of Bullion, On the
Principles of Political Economy and Taxation
Karl Marx was a philosopher, economist, historian,
political theorist,
Sociologist, journalist and revolutionary socialist.
Main Article: Das Kapital, The Communist
Manifesto
John Maynard Keynes was a British economist
whose ideas fundamentally changed the theory
and practice of macroeconomics and the economic
policies of governments
Main article: Keynesian ascendancy , Keynesian
economics out of favour, Keynesian resurgence
William Petty was an English economist, scientist
and philosopher. He first became prominent
serving Oliver Cromwell and the Commonwealth in
Ireland.
Main article: Economic writings
Alfred Marshall (26 July 1842 – 13 July 1924) was one of
the most influential economists.
Main Article: Principles of Economics
Piero Sraffa was an influential Italian economist, who
served as lecturer of economics at the University of
Cambridge
Main Article: Production of Commodities by Means of
Commodities
Robert Owen was a Welsh textile manufacturer,
philanthropic social reformer, and one of the founders
of utopian socialism and the cooperative movement
Main Article: A New View of Society: Or, Essays on the
Formation of Human Character, and the Application of the
Principle to Practice (London, 1813). Retitled, A New View
of Society
John Locke was known as an English philosopher and
physician, widely regarded as one of the most influential
of Enlightenment thinkers and commonly known as the
"Father of Liberalism
Francois Quesnay was a French economist and physician of
the Physiocratic school
Main Article: Tableau economique
Friedrich von hayek was an Austrian-British economist and
philosopher best known for his defense of classical
liberalism.
Main Article: Austrian business cycle theory, Economic
calculation problem
Friedrich engels was a German philosopher, social
scientist, journalist and businessman
Main Articles: founded Marxist theory together with Karl
Marx and in 1845 published The Condition of the Working
Class in England
David Hume as a
Scottish philosopher, historian, economist and essayist,
who is best known today for his highly influential system
of philosophical empiricism, scepticism and naturalism
James Mill was a
Scottish historian, economist, political
Leon Walras was a French mathematical
theorist, and philosopher. He is counted
economist and Georgist
among the founders of the Ricardian school
Main Article: De la propriété intellectuelle,
Main Article: An Essay on the Impolicy of a
Éléments d'économie politique pure
Bounty on the Exportation of Grain,Lord
Lauderdale on Public Wealth",

Milton Friedman was an

American economist who received the
Carl Menger was an Austrian economist and
1976 Nobel Memorial Prize in Economic
the founder of the Austrian School of
Sciences for his research
economics
on consumption analysis, monetary history
Main articles: Principles of Economics
and theory, and the complexity of stabilization
policy

Edmund Burke was an Irish statesman, an

Frederic Bastiat was a French economist and
author, orator, political theorist, and
author who was a prominent member of
philosopher
the French Liberal School. He developed the
Main Article: A Vindication of Natural Society:
economic concept of opportunity cost, and
A View of the Miseries and Evils Arising to
introduced the Parable of the Broken Window
Mankind

Henri de saint simon was a French political

Thomas Sargent is an Nobel prize American
and economic theorist and businessman
economist, who is currently the W.R. Berkley
whose thought played a substantial role in
Professor of Economics and Business at New
influencing politics, economics, sociology, and
York University
the philosophy of science.
Main Article: empirical research on cause and
Main Articles: Lettres d'un habitant de Genève
effect in the macro economy"
à ses contemporains, L'Industrie

Robert Merton Solow is an Robert Lucas Jr is an American economist at

American economist, particularly known for
his work on the theory of economic
growth that culminated in the exogenous
growth model
Main Article: Linear programming and
economic analysis.
the University of Chicago. Widely regarded as
the central figure in the development of
the new classical approach to
macroeconomics
Main Article: Monetary Neutrality" Prize
Lecture