Top 10 Market Economists

  1. Tao Zhugong created the field of business economics around 500 BC
  2. Adam Smith said markets arise from the efforts of man not governments.
  3. Richard Cantillon recognized the critical role of entrepreneurs in stimulating economic growth.
  4. Jean Baptiste Say pointed out that merchants expand a market by offering products for sale.
  5. Milton Friedman pointed out government is the dominant market disruptor through unearned spending.
  6. Friedrich Hayek explained that economics is a field like law created by the actions of man.
  7. David Ricardo created the parameters of a central banking system.
  8. Ronald Coase expanded our understanding of the costs involved in a business transaction.
  9. Leon Walras focused attention on the value of a customer that a customer obtains through a purchase and explained how an auction like process governs market transactions.
  10. Ernst Fehr advance the field of behavioral economics by raising the prominence of marketing and business.
Share:
Facebook
Twitter
Email
Print

Leave a Comment

Your email address will not be published. Required fields are marked *