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Biography of a economists study

A list of famous economists from Adam Smith to John M. This page gives a brief summary of the ideological background and economic viewpoint of these influential economists. Adam Smith was a Scottish social philosopher and pioneer of classical economics. Jeremy Bentham — British philosopher. Bentham was primarily a utilitarian philosopher. But, he used this philosophy to give insights into economics.

Bentham raised the possibility of monetary expansion to achieve full employment. Thomas Malthus — Malthus was an English rector who was an influential economist in the early nineteenth century. Best known for his prophecy that the population would grow faster than food. One of few economists who supported protectionism and the corn laws.

David Ricardo — British political economist.

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Ricardo played a key role in shaping classical economics, drawing on the work of Adam Smith. This contrasted with the former mercantilist view of trying to run a trade surplus. Ricardo argued countries should specialise in those industries where they were relatively better than other countries. Karl Marx — — German philosopher, founder of Marxism.