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Influential Economists
Marie Bussing-Burks ©2003

Book Cover

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  • 160 pages
  • More than 60 black-and-white photographs and drawings
  • Reinforced library binding
  • 6" x 9"
  • Bibliography
  • Index
  • Grades 5 and up
  • ISBN: 978-1-881508-72-4
  • $19.95

 

 

 

 

 

 

These influential economists invested their talent in shaping the social and political fates of nations. Thomas Gresham molded the policies of kings and queens in sixteenth-century England. Adam Smith argued for a free-market economy, citing benefits such as more wealth. Others warned of possible problems with capitalism; Thomas Robert Malthus predicted that unbridled population growth would lead to mass starvation, while Karl Marx became the champion for an alternative system—socialism. Faced with crises like the Great Depression of the 1930s and the “stagflation” of the 1970s, economists such as John Maynard Keynes and Milton Friedman pioneered plans for economic recovery. And Alan Greenspan, Federal Reserve Chairman since 1987, guided the U.S. economy through its longest expansion period.