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10 Famous Economists and Their Landmark Books

Sep 27, 2023 · 2 mins read

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Milton Friedman - Capitalism and Freedom (1962)

Free markets, not government, protect the individual and ensure quality

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JK Galbraith - The Great Crash, 1929 (1954)

It’s government’s job to stop speculative frenzies ruining the real economy

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Jane Jacobs - The Economy of Cities (1968)

Cities have always been, and always will be, the drivers of wealth

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John Maynard Keynes - The General Theory of Employment, Interest and Money (1936)

To achieve social goals like full employment, governments must actively manage the economy

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Thomas Malthus - An Essay on the Principle of Population (1798)

The world’s finite resources can’t cope with an increasing population

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Alfred Marshall - Principles of Economics (1890)

To understand people, watch their habits of earning, saving and investing

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Karl Marx - Capital (1867)

The interests of labor and capital are perennially in conflict

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David Ricardo - Principles of Political Economy and Taxation (1817)

A free-trading world will see each nation fulfil its potential

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Joseph Schumpeter - Capitalism, Socialism and Democracy (1942)

No form of political economy matches the dynamism of capitalism and its process of ‘creative destruction’

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Adam Smith - The Wealth of Nations (1778)

The wealth of a nation is that of its people, not its government

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