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38 Cards in this Set

  • Front
  • Back
Confucius
551-479 BC
Analects
The Golden Rule
Jen & Li
Plato
437-348 BC
The Republic
Dialogues
Founded the Academy
Dialectics (thesis, antithesis, synthesis)
inductive logic
Mencius
372-289
Division of Labor
The Book of Mencius
Aristotle
384-322 BC
Politics, Physics, Poetics
Founded the Lyceum
Supremacy of Logic
Syllogistic Logic (Set Theory)
deductive logic
St. Thomas Aquinas
1225-1274
Summa Theologica
Dominican Priest
Just Price/Just Wage (each according to his needs)
Synthesis of Christian Faith & Aristotelian rationalism
Thomas Mun
1571-1641
Discourse on Trade
Bullionism
Jean Baptiste Colbert
1619-1683
Colbertism
gold is wealth
Finance Minister
Francois Quesnay
1694-1774
Tableau Économique
laissez faire
physiocracy
David Hume
1711-1776
Quantity Theory of Money
(i.e., wealth = goods + services)
Political Disclosures
Adam Smith
1723-1790
Theory of Absolute Advantage
Invisible Hand Doctrine (Division of Labor)
Water-Diamond Paradox
Wealth of Nations
Thomas Malthus
1766-1834
Law of Diminishing Returns (pessimist)
Cost Benefit Analysis
Essay on the Principals of Population
Jean-Baptiste Say
1767-1832
Traité d’Économique Politique
Finance Minister
Law of Markets (Supply creates its own Demand)
David Ricardo
1772-1823
Principles of Political Economy & Taxation
Labor Theory of Value (Classical Rent Doctrine)
Wage Fund Doctrine
Stationary State Doctrine
Law of Comparative Advantage
John Stuart Mill
1806-1873
Principles of Political Economy
On Liberty
Utility Theory (learned from Bentham)
Concept of Demand
Jeremy Bentham
1748-1832
Principles of Morals
Interventionist Liberalism
Utility Theory (taught Mill)
Karl Marx
(1818-1883)
Communist Manifesto
Das Kapital
Dialectical Materialism / Business Cycles
Alienation & Reconciliation Theory
Carl Menger
(1840-1921)
Foundations of Political Economy
Study of Natural Law
Law of Diminishing Marginal Utility
William Stanley Jevons
(1835-1882)
Sunspot Theory (20-year cycle)
Theory of Political Economy
The Solar Period and the Price of Corn
Léon Walras
(1834-1910)
Elements of Pure Economics
Mathematical Economics
Equilibrium Theory
Law of Supply & Demand
Alfred Marshall
1842-1924
Principles of Economics
Scissors Analogy / Consumer Surplus / Theory of the Firm
Elasticity
Industry & Trade
Money, Credit & Commerce
Vilfredo Pareto
1848-1923
Manual of Political Economics
Optimality Theory / Welfare Economics
Income Redistribution
Francis Ysidro Edgeworth
1845-1926
Mathematical Psychics
Indifference Curve
Asymptotic Functions of Normal Distributions
Thorstein Veblen
1857-1929
Theory of the Leisure Class
Conspicuous Consumption
John Maynard Keynes
1883-1946
General Theory of Employment, Interest & Money
Consumption Function
Actuarial Tables
Anti-depression Procedure
General Equilibrium
Joseph Alois Schumpeter
1883-1950
Theory of Economic Development
History of Economic Analysis
Entrepreneurship (hated capitalism)
Business Cycles
Edward Hastings Chamberlin
1899-1967
Market Structure
Theory of Monopolistic Competition
Joan Violet Robinson
1903-1983
Economics of Imperfect Competition
Price Discrimination
Market Structure
Georg Wilhelm Friedrich Hegel
1770-1831
Wissenschaft der Logic(1816)
Hegelian Logic
German Historical School
1750
Industrial Revolution Begins
1776
Declaration of Independence

Wealth of Nations, Adam Smith

Decline and Fall of Roman Empire
Edward Gibbon
1848
Karl Marx & Friedrich Engels
Communist Manifesto

European Revolutions

Irish Potato Famine

Political Economy
John Stuart Mill
Irving Fisher
1867-1947
Rate of Interest
Purchasing Power of Money
Equation of Exchange
Interest Rate and Income
Price Indices
Friedrich August von Hayek
1899-1992
Economics & Knowledge
Profits, Interest & Investment
Road to Serfdom
Nobel Laureate
Discovery of Process of Markets
Inherent Bureaucratic Inefficiencies
Influential Friends:
David Hume
Influential Friends:
Adam Smith (Deduced from Quesnay)
Influential Friends:
John Stuart Mill
Influential Friends:
Harriet Taylor
Influential Friends:
Thomas Malthus
Influential Friends:
David Ricardo
Influential Friends:
Karl Marx
Influential Friends:
Frederick Engels
Influential Friends:
Léon Walras
Influential Friends:
Vilfredo Pareto