Statistics for Economists

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General Stats

This quiz has been taken 18 times
The average score is 6 of 10

Answer Stats

Hint	Answer	% Correct
Scottish. Author of "An Inquiry into the nature and causes of the Wealth of Nations", which helped found the Classical School of Economics. Created the metaphor of the "invisible hand".	Smith	94%
German. Historian and social philosopher. Extended the labor theory of value to conclusion, which he called surplus value. Defended historical materialism in Das Kapital.	Marx	88%
English. Famous for "The General Theory of Employment, Interest and Money". Argued that the best way to deal with prolonged recessions was deficit spending.	Keynes	82%
English. Known for "Principles of Political Economy and Taxation", which introduced comparative advantage and provided justification for international trade. Put forth the Iron Law of Wages.	Ricardo	76%
American. Conservative thinker, advocated for monetarism in works like "A Monetary History of the United States". Associated with the ideals of Laissez-faire government policy.	Friedman	65%
Canadian. "The Affluent Society" and "The New Industrial State".	Galbraith	47%
English. Social philosopher. Known for "Essays on Some Unsettled Questions of Political Economy". Examined the necessity of private property in "Principles of Political Economy".	Mill	47%
American. Remembered for "The Theory of the Leisure Class", which introduced phrases like "conspicuous consumption". Compared ostentation of the rich to the Darwinian proofs of virility found in the animal kingdom	Veblen	47%
English. "Principles of Economics", which introduced the notion of consumer surplus, quasi rent, demand curves, and elasticity.	Marshall	35%
French. Leader of the Physiocrats, the first systematic school of economic thought.	Quesnay	35%

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