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History of economic thought

This is a quiz about the history of economics and, specifically, about some of the foremost economic thinkers through the ages. 10 Questions.

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Which Scottish economist, born 1723, wrote "An Inquiry into the Nature and Causes of the Wealth of Nations", and argued in favour of the free market and against extensive government intervention?

  • Adam Smith
  • David Hume
  • James Mill


Which British economist of Jewish descent developed the "theory of comparative advantage"?

  • Francis Edgeworth
  • Sir Robert Giffin
  • David Ricardo


Which economist, born in Surrey in 1766, made the hypothesis in his "Essay on Population" that unchecked population growth would always exceed the growth of the food supply?

  • Thomas Malthus
  • William Godwin
  • Alfred Marshall


This political economist and philosopher, born 1818, believed that the internal contradictions of Capitalism would lead to its demise.

  • Friedrich Engels
  • Karl Marx
  • Vladimir Lenin


This economist, known as the founder of the "neoclassical" school of economics, wrote the "Principles of Economics" (1890), which became the standard text in universities in the UK.

  • Alfred Marshall
  • William Stanley Jevons
  • Arthur Pigou


After which Italian economist is a concept of efficiency named, that claims that a situation is efficient if no one can be made better off without someone else being made worse off?

  • Piero Sraffa
  • Vilfredo Pareto
  • Leon Walras


Which British economist, considered by many as the most important economist of the 20th century, wrote "The General Theory of Employment, Interest and Money"?

  • John Maynard Keynes
  • Nicholas Kaldor
  • John Hicks


Which controversial economist, considered Keynes' ideological rival, wrote "The Road to Serfdom", a critique of central economic planning?

  • Oskar Morgenstern
  • Knut Wicksell
  • Friedrich von Hayek


This American economist is mainly associated with the controversial theory of Monetarism, a policy that was employed by Margaret Thatcher's Conservative government after its election in 1979.

  • Paul Samuelson
  • Paul Sweezy
  • Milton Friedman


This Canadian born economist is best known for his book, "The Affluent Society", which exposed the entrenched inequalities and "public squalor" of sections of American society.

  • John Kenneth Galbraith
  • Alvin Hansen
  • James Tobin