Economists

Question 1

Land was the source of all wealth

Accepted Answer

Quesnay

Question 2

Conservative thinker famous advocacy of monetarism(an revision of the quantity theory of money)

Accepted Answer

Friedman

Question 3

Extending the labor theory of value to its logical conclusion, his theory of surplus value

Accepted Answer

Marx

Question 4

The Theory of the Leisure Class introduced phrases like "conspicuous consumption"

Accepted Answer

Veblen

Question 5

magnum opus, 1890's Principles of Economics, introduced fundamental concepts

Accepted Answer

Marshall

Question 6

Likened the ostentation of the rich to the Darwinian proofs-of-virility found in animals

Accepted Answer

Veblen

Question 7

Most famous for The General Theory of Employment, Interest and Money

Accepted Answer

Keynes

Question 8

Also known for examining the necessity of private property in Principles of Political Economy

Accepted Answer

Mill

Question 9

Undisputed leader of the Physiocrats, the first systematic school of economic thought

Accepted Answer

Quesnay

Question 10

Creator of the metaphor of the "invisible hand"

Accepted Answer

Smith

Question 11

Put forth the so-called iron law of wages

Accepted Answer

Ricardo

Question 12

Work in extending ideas of Ricardo in Essays on Some Unsettled Questions of Political Economy

Accepted Answer

Mill

Question 13

Important works include The Affluent Society and The New Industrial State

Accepted Answer

Galbraith

Question 14

Argued that the best way to deal with prolonged recessions was deficit spending

Accepted Answer

Keynes

Question 15

Major work includes A Monetary History of the United States, 1867-1960. Ideals of laissez-faire

Accepted Answer

Friedman

Question 16

Work includes Das Kapital

Accepted Answer

Marx

Question 17

Best known for Principles of Political Economy and Taxation

Accepted Answer

Ricardo

Question 18

Remembered as the author of An Inquiry into the nature and causes of the Wealth of Nations

Accepted Answer

Smith

Question 19

Introduced modern notions of comparative advantage its proof for unfettered international trade

Accepted Answer

Ricardo

Questions 19