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“The General Theory of Employment, Interest and Money”
John Maynard Keynes
Coined “price stickiness”
John Maynard Keynes
“cross” depicting equilibrium GDP
John Maynard Keynes
“The Economic Consequences of the Peace”
John Maynard Keynes
Attacked Treaty of Versailles
John Maynard Keynes
inspired the IS-LM model
John Maynard Keynes
Designed IMF
John Maynard Keynes
"Impossibility Theorem"
Kenneth Arrow
Competitive equilibrium
Kenneth Arrow
Welfare Theorems
Kenneth Arrow
Chicago School of Economics
Milton Friedman
“A Monetary History of the United States”
Milton Friedman
Social Security was creating “welfare dependency”
Milton Friedman
economic advisor to Ronald Reagan
Milton Friedman
Fascist economist
Vilfredo Paredo
Namesake “optimality”
Vilfredo Paredo
Coined term “ophelimity”
Vilfredo Paredo
“Mind and Society”
Vilfredo Paredo
possible for a socialist economy to exactly mimic a free market economy’s output
Vilfredo Paredo
“The Wealth of Nations”
Adam Smith
“The Theory of Moral Sentiments”
Adam Smith
“Lectures on Jurisprudence”
Adam Smith
University of Glasgow
Adam Smith
“The New Industrial State”
John Kenneth Galbraith
“The Affluent Society”
John Kenneth Galbraith
Assisted Kennedy administration
John Kenneth Galbraith
Criticized American wealth gap
John Kenneth Galbraith
Presidential Medal of Freedom in 1946 and in 2000
John Kenneth Galbraith
Son wrote “The Predator State”
John Kenneth Galbraith