Paul Samuelson/Related Articles
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- Adam Smith : Scottish moral philosopher and political economist (1723-1790), a major contributor to the modern perception of free market economics; author of Wealth of Nations (1776).
- Alvin Hansen : (1887-1975) Harvard economics professor known for introducing Keynesian economics to theU.S. in the 1930s.
- Athanasios Asimakopulos : (1930-1990) The "William Dow Professor of Political Economy" in the Department of Economics, McGill University (Montreal) and an important American Post Keynesian.
- Economics : The analysis of the production, distribution, and consumption of goods and services.
- Karl Marx : 19th century philosopher and economist. Creator of a theoretical foundation for Communism.
- Keynesianism : Economic theorists who have developed the theory originated by John Maynard Keynes which advocates the use of fiscal policy to maintain economic stability.
- Land : a factor of production that is not the product of economic activity, the supply of which is independent of economic activity.
- Marginalist Revolution : The establishment of a Neoclassical approach to economic theory, commonly ascribed to 1871-74, when the concept of 'diminishing marginal utility' was introduced to pin down the character of demand.
- Marxist Socialism : Refers to a Marxian school of economics which emerged soon after Marx's death, led by his companions and co-writers, Friedrich Engels and Karl Kautsky.
- Neoclassical Schools (1871-today) : School of economic theory that flourished from about 1890 until the advent of Keynesian Economics, which asserted that market forces always would lead to efficient allocation of resources and full employment.