Keynes transformed the depressing science of economics into a ground-breaking engine of social progress. He openly condemned the idea of lasses faire. With the General Theory, he almost single-handedly constructed the fundamental relationships and ideas behind what became known as "macroeconomics"... Showed first 250 characters
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He probably saved capitalism from itself and surely kept latter-day Marxists at bay. Showed next 250 characters
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Throughout history, there have been many economists, who have contributed greatly to economic theories. Among them are Adam Smith, John Maynard Keynes, and Jean Baptiste Say...
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Keynes and Smith
Adam Smith's life proved to be exciting from the start. At the ample age of four, Smith was kidnapped by a band of gypsies and later rescued by his uncle...
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Smith vs Keynes
It takes more than a pretty face to identify an individual as the “father” of a particular subject, but considering the fact that economics was not even an area of study prior to Adam Smith’s contribution, it is easy to say that he, in fact, is the “father of economics...
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Adam Smith and Karl Marx
In his system, labour was the final measure of value?wages (a cost) based on the needs of the worker, and rent on the productivity of land. The market acted as a communicator and coordinator (via prices), and a motivator for individuals, such that general welfare was achieved...
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John Maynard Keynes
Keynes had always been interested in the mathematical fields during school, but it was his keen interest in politics that pushed him towards economics...
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Smith, Marx, Keynes
Adam Smith, a Scottish Economist, was baptized on June 5, 1723. The exact date of his birth is unknown. In 1759 he published his Theory of Moral Sentiments, but it wasn't until he moved to London in 1776, that he established himself as a source of contemporary economic thought...
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is social science scientific
Sociology is undoubtedly a logical science; it has the characteristics that other sciences have, its own theories that can be proved, as well as having systematic theories and laws...