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Economists - Statistics
General Stats
- This quiz has been taken 33 times
- The average score is 8 of 15
Answer Stats
| Country | Hint | Answer | % Correct |
|---|---|---|---|
| Scotland | Wrote The Wealth of Nations (1776), laying the foundation for classical economics. Advocated free markets, the "invisible hand," and limited government in economic affairs. | Adam Smith | 100%
|
| UK | Father of his namesake economics. Argued that government spending and fiscal policy are essential tools to manage economic downturns. His ideas influenced policies during the Great Depression and after. | John Maynard Keynes | 100%
|
| Germany | Co-authored The Communist Manifesto with Friedrich Engels. Criticized capitalism and proposed a classless society. His work influenced socialist and communist movements globally. | Karl Marx | 100%
|
| USA | Leader of the Chicago School of Economics. Championed free markets, monetarism, and opposed Keynesian policies. Advocated controlling money supply to manage inflation. | Milton Friedman | 69%
|
| UK | Developed theories on comparative advantage and the Iron Law of Wages. Believed that trade benefits nations and that wages tend toward subsistence levels. Of Portuguese-Jewish descent. | David Ricardo | 65%
|
| UK | Wrote An Essay on the Principle of Population. Predicted that population growth would outpace food supply, leading to famine, war, and disease. Highlighted limits to growth. | Thomas Malthus | 58%
|
| USA | Key figure in supply-side economics. Developed his namesale Curve, showing that lower taxes can boost government revenue by encouraging productivity. Influential during Reagan’s presidency. | Arthur Laffer | 50%
|
| UK | Philosopher and economist. Promoted utilitarianism, individual liberty, and social reform. Contributed to theories on production, distribution, and government’s economic role. | John Stuart Mil | 50%
|
| Austria | Described capitalism as a cycle of “creative destruction,” where innovation replaces outdated systems. Emphasized entrepreneurship as a key driver of economic progress. | Joseph Schumpeter | 46%
|
| USA | Created his namesake Rule, a monetary policy guideline for interest rates based on inflation and economic output. Influential in shaping modern central bank policy. | John Taylor | 31%
|
| USA | Critic of capitalism and consumer culture. Coined "conspicuous consumption" in The Theory of the Leisure Class, describing spending to signal social status. | Thorstein Veblen | 27%
|
| UK | Helped formalize economics as a discipline. Introduced concepts like price elasticity, consumer surplus, and supply and demand curves in Principles of Economics. | Alfred Marshall | 23%
|
| Canada | Advocated for government regulation and public investment. In The Affluent Society, criticized consumerism and inequality in modern economies. | John Kenneth Galbraith | 19%
|
| France | Leader of the Physiocrats. Believed agriculture and land were the true sources of wealth. Advocated laissez-faire policies and natural economic order. | François Quesnay | 12%
|
| USA | Won the 2006 Nobel Prize for his work on the trade-off between inflation and unemployment. Introduced the concept of the Natural Rate of Unemployment and the Golden Rule of savings. | Edmund Phelps | 8%
|
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