Robert E. Lucas, Jr.

One of the most influential modern economic theorists, Robert Lucas is the leader of the New Classical school – the ‘modern’ version of the Chicago School. His introduction of the concept of rational expectations in the 1970s helped to decisively bury the Neo-Keynesian orthodoxy and inaugurated a new era of macroeconomics relying on the neo-classical concept

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Robert A. Mundell

Robert Mundell is a Canadian economist who graduated from the University of British Columbia in Vancouver. He attended MIT and was top performer in his years there. He went on to win the 1999 Nobel prize in Economics. He is affiliated with Columbia University’s Economics department. Major Works of Robert A. Mundell – International

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Robert M. Solow

Robert Solow is one of the major figures of the Neo-Keynesian Synthesis macroeconomics. Together with Paul Samuelson, he formed the core of the M.I.T. economics department which has been widely viewed as the ‘mainstream’ of the post-war period. Together, Robert Solow and Paul Samuelson have contributed to various landmark pieces of work: e.g. on von

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Colonel Robert Torrens

British army officer and owner of the influential Globe newspaper. Torrens led the Anti-Bullionists during the Bullionist Debate of the 1810s but later did a virtual 180° turn to join the side of the Currency School in the Banking-Currency School Debate of the 1840s. Robert Torrens was an independent discoverer of the Ricardo’s principle of

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Ronald H. Coase

This LSE-trained member of the Chicago School is best known for two particular contributions to economic theory. In Coase’s work on the nature of the firm (1937), he argued that firms should be conceived as entities endogenous to the economic system and whose existence is justified only in the presence of transactions costs to

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Ronald Wilson Reagan

On February 6, 1911, Ronald Wilson Reagan was born to Nelle and John Reagan in Tampico, Illinois. He attended high school in nearby Dixon and then worked his way through Eureka College. There, he studied economics and sociology, played on the football team, and acted in school plays. Upon graduation, he became a radio

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Sir Roy F. Harrod

Roy Harrod taught economics, and produced his original contributions to the subject, at Oxford between 1924 and his retirement in 1967. Elected to a Lectureship at Christ Church Oxford in 1922, he then spent a few months at Cambridge with John Maynard Keynes, with whom he remained in close touch for the rest of Keynes’

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Thomas De Quincey

Although better known as a literary figure, Thomas de Quincey was also a staunch and very eloquent supporter of the Ricardian Classical School. He records his encounter with Ricardian theory in his famous Confessions of an Opium Eater: In this state of imbecility, I had, for amusement, turned my attention to political economy. My

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Thomas Hobbes

Ideas – Knowledge is derived from sense experience and from reason: From sense experience we derive historical knowledge and prudence, and from reason we derive scientific and philosophical knowledge and wisdom. – Scientific or philosophical reason is essentially the same as that which is employed in mathematics, moving from definitions, axioms, and postulates to

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Thomas Malthus

Ideas – Population, when unchecked, increases in a geometric ratio, while subsistence increases only in arithmetic ratio. – Accordingly, there is a strong and constantly operating check on population because of the difficulty of subsistence. – The price of food will tend to increase, owing to the necessity of employing additional land of inferior

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Vilfredo Pareto

The Italian economist Vilfredo Pareto was one of the leaders of the Lausanne School and an illustrious member of the ‘second generation’ of the neo-classical revolution. Although only mildly influential during his lifetime, his “tastes-and-obstacles” approach to general equilibrium theory were resurrected during the great ‘Paretian Revival’ of the 1930s and have guided much of economics

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Walter Heller

Walter Heller served as President of the Council of Economic Advisors under the Kennedy and Johnson Administrations. The famous Kennedy Tax Cut of 1964 is attributed to Heller. Contrary to the concerns of opponents, the tax cut succeeded in causing a boom in the US economy. After his tenure as President of the Council

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Wassily Leontief

Wassily Leontief’s name has been associated with a particular type of quantitative economics: input-output analysis. Input-output was partly inspired by the Marxian and Walrasian analysis of general equilibrium via interindustry flows – which in turn were inspired by Francois Quesnay’s Tableau Economique, and was the outgrowth of the ‘multi-sectoral’ approach followed by the Kiel School.

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William J. Baumol

American economist. Developed contestable markets theory. Major works of William J. Baumol – Community Indifference, 1946, RES – A Community Indifference Map: A construction, 1949, RES – A Formalization of Mr. Harrod’s Model, 1949, EJ – The Analogy between Producer and Consumer Equilibrium Analysis, with Helen Makower, 1950, Economica – Economic Dynamics, with R. Turvey,

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Sir William Petty

When Oliver Cromwell’s British forces invaded Ireland in the 1650s, a slight problem emerged: how to partition the spoils among the victors or, more precisely, what were the spoils? The task of surveying Ireland and assessing its riches was given to a physician which had accompanied the British army, Sir William Petty. Thus, the

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Niclas Adler

Bo Niclas Adler (born 30 April 1971) is a Swedish entrepreneur, scientist, founder and CEO for Synthesis Group. As an entrepreneur he has built several biopharma and medical technology companies as well as both VC and PE funds dedicated to life-sciences. As a management researcher he is known for his work on “Managing complex product

Charles Constance César Joseph Matthieu d’Agoult

Charles Constance César Joseph Matthieu d’Agoult de Bonneval (1747 in Grenoble– 1824 in Paris) was a French Roman Catholic bishop, and after his resignation of his diocese a political writer. His eldest brother, François-Edouard-Augustin-Venceslas-Hippolyte, Marquis d’Agoult, was Maréchal-de-Camp in the royal army. Another brother, Antoine-Jean, Vicomte d’Agoult, held the rank of Mestre-de-camp, and was a Commander in the Order

Yoji Akao

Yoji Akao (赤尾 洋二, Akao Yōji, 1928 – October 24, 2016) was a Japanese planning specialist recognized as the developer of Hoshin Kanri (a strategic planning methodology). With the late Shigeru Mizuno, he developed Quality Function Deployment (a group decision making technique). Akao and Mizuno also co-founded the Quality Function Deployment Institute: a non-profit organization dedicated to dissemination and advancement of QFD.[1] Akao received a Ph.D.

Ali Akdemir

Ali Akdemir (born June 3, 1963 in Sivas) is a Turkish University Professor for Management and former Rector of the Çanakkale Onsekiz Mart University (Gallipoli).[1] He is the former Dean of the Biga Faculty Of Economics and Administrative Sciences (BIIBF) at Çanakkale Onsekiz Mart University (Gallipoli). His main research area is on management and leadership issues, has some several articles and

Mark Albion

Mark Albion, born on April 3, 1951, is an American social entrepreneur, business theorist and activist, and author of values-based business literature.[1] Contents   1 Biography 2 Awards and recognition 3 Work 3.1 Net Impact 3.2 Speeches 3.3 United Nations 3.4 The Good Life Parable 3.5 Writings 4 Selected publications 5 References 6 External links Biography Albion received his post-secondary degrees from Harvard University, including a BA