10 Economists Who Changed the Course of History 

Adam Smith:

Often referred to as the father of modern economics, Adam Smith wrote "The Wealth of Nations" in 1776, which outlined the concept of free market economics specialization. 

John Maynard Keynes:

A British economist, Keynes developed the theory of Keynesian economics, which emphasized government intervention in the economy during times of economic recession. 

Milton Friedman:

An American economist, Friedman was a proponent of monetarism, which argues that the government should control the money supply to stabilize the economy. 

Amartya Sen:

An Indian economist and Nobel Prize winner, Sen is known for his work on welfare economics and social choice theory, which emphasizes the importance of individual freedom. 

Joseph Stiglitz:

An American economist and Nobel Prize winner, Stiglitz has been a vocal critic of free-market capitalism and has advocated for greater government intervention in the economy. 

Thomas Malthus

A British economist, Malthus is best known for his theory of population growth, which argues that population growth will outstrip the resources needed to support it. 

Esther Duflo:

An American economist and Nobel laureate, Ostrom was a proponent of common-pool resource management, which emphasizes the importance of local communities in managing resources such as forests and fisheries. 

Paul Samuelson

An American economist and Nobel Prize winner, Samuelson was a proponent of Keynesian economics and is credited with popularizing the subject of economics in the United States. 

Karl Marx

A German philosopher and economist, Marx developed the theory of Marxism, which advocates for the overthrow of capitalism and the establishment of a socialist economic system. 

Friedrich Hayek

An Austrian-British economist, Hayek was a proponent of classical liberalism and free-market capitalism. 

Download General Knowledge Books, Study Notes & More..