Abraham (Abba) Ptachya Lerner, 1903-1982, was a Russian-born British economist and professor. He entered the London School of Economics at the age of 26 where he learned from Friedrich Hayek, and where he…
Abram Bergson, 1914-2003, was an American economist that worked for many governmental and federal agencies including the Russian Economic subdivision of the Office of Strategic Services. He was also a professor at Columbia University, Texas and Harvard. His main area of…
Adam Smith was born in 1723. His father was a lawyer and civil servant, and during his years as a moral philosophy student at the University of Glasgow, Adam Smith developed an increasing interest in liberty, reason and free speech….
Alban William Housego Phillips, 1914-1975 was a New Zealander economist and Professor at the London School of Economics. Phillips was a follower of Keynesianism and published several articles in which he used mathematically based models…
Alfred Marshall was an English economist (1842-1924), and the true founder of the neoclassical school of economics, which combined the study of wealth distribution of the classical school with the
Hansen was an American economist (1887-1975), professor at Harvard University and one of the main precursor of the New Economic Science or Keynesianism, in the U.S. In fact, Hansen is known for popularizing the
Turgot was a French abbot (1727-1781), Baron de l’Aulne, who after leaving the clergy became an economist and stateman, and author of the book “Reflections on the Formation and Distribution of Wealth” published in 1776. One of the great Antoine Cournot
Antoine Augustin Cournot, 1801-1877, was a French philosopher and mathematician and one of the precursors of marginalism. He was Professor of mathematical analysis at the Lyon University and later on became Rector of the Dijon Academy. Cournot…
Pigou was a British economist (1877-1959), disciple of Alfred Marshall, whom he succeeded as a professor at Cambridge. Pigou is remembered above all as a precursor of welfare economics, for…
Bertil Gotthard Ohlin, 1899-1979, was a Swedish economist, politician and Professor of Economics at the University of Copenhagen and at the Stockholm School of Economics. Along with the British economist James Meade, he received the Nobel…
Carl Menger, was an Austrian economist (1840-1921), who is considered to be, along with W. S. Jevons and M.-E.-L. Walras, a co-founder of marginalism and of the theory of…
Christopher Antoniou Pissarides, born in 1943, is a Cypriot economist and a School Professor at the London School of Economics. His research has mainly been focussed in the field of macroeconomics, specially in job search frictions explaining
Joseph Clemént Juglar, 1819-1905, was, as his compatriot François Quesnay, a physician turned economist. In 1862 he published his masterpiece “Des crises commerciales et leur retour périodique en France, en Angleterre, et aux États-Unis” in which…
Dale Thomas Mortensen, born in 1939, is an American economist and Professor of Economics at the Northwestern University. In 2010, Mortesen was awarded the Nobel Prize in Economic Sciences along with Christopher Pissarides…
Daniel Bernoulli, 1700-1782, was a Swiss mathematician and physicist. His prolific research and discoveries contributed to a wide range of fields, where we can highlight fluid mechanics, statistics and probability.
Furthermore, his contributions to statistics and probability have a great value in…
Daniel Kahneman, born in 1934, is an Israeli-American psychologist and currently teaches at Princeton University. Even though Kahneman is a psychologist and he’s never attended an economic course, in 2002 he was awarded the Nobel Prize in…
David Hume was a British philosopher (1711-1776), Scottish as his friend Adam Smith. In economics, his main contribution is the quantity theory of money, a subject on which he reformulated what was previously enunciated by his predecessors on the…
Ricardo, an English economist (1772-1823), from Dutch-Sephardi origins, became rich at a very young age on the stock market and devoted the rest of his life to the study of mathematics and natural sciences and, from 1799, Economics. He became…
Edmund Strother Phelps, born in 1933, is an American economist and an advocate of New Keynesian Economics. He is a Professor at Columbia University, where he imparts Political Economy. In 2006 Phelps won the Nobel Prize…
Edward Hastings Chamberlin, 1899-1967, was an American economist and Professor at Harvard University. He performed a major innovation in modern microeconomic theory, specially regarding the study of the structure of markets, developing Eli Heckscher Eli Filip Heckscher, 1879-1952, was a Swedish economist who was Professor at the Stockholm University College and Director of the Institute of Economic History. His attention was centred in economic history and political economy, and he was in favour of
Ernst Engel, 1821-1896, was a Prussian statistician, founder of the International Statistical Institute and from 1860 to 1882 he was director of the Prussian statistical bureau in Berlin. However, he is best known for the formulation of his Engel’s law, deriving…
Ernst Louis Étienne Laspeyres, 1834-1913, was a German economist, statistician and Professor in various universities. His most notable contribution to economics was the development of the Laspeyres index, used for the formulation of weighted indexes, so that each…
Eugen Slutsky, 1880-1948, was a Russian mathematician, statistician and economist. In economics he is best known for his formulation of the Slutsky’s equation. Slutsky found an equation that splits income and substitution effects based on
Eugen von Böhm-Bawerk, 1851-1917, was an Austrian economic theorist, a public servant and Professor in different Austrian universities. He is considered to belong to the Neoclassical school of economics and was a leading figure inside the
Edgeworth was an Irish economist (1845-1926), professor of Political Economy at the University of Oxford, whose most important contributions to economic science were statistical in nature, primarily in the area of index numbers, highlighting also the mathematical apparatus…
Franco Modigliani, 1918-2003, was an American, Italian born economist, and Professor at the Massachusetts Institute of Technology. He has mainly worked in the fields of savings and financial markets, and his pioneering analyses in these subjects granted him the
Quesnay was a French physician (1694-1774), who also studied economic issues, and was the true founder of the economic doctrine known as Physiocracy. His early works were written in the Encyclopédie of Diderot and d’Alembert (1756,1757). However,…
Frank Hyneman Knight, 1885-1972 was an American economist and Professor at Cornwell University, the University of Iowa, and the University of Chicago, where he is considered as one of the founding fathers of the Chicago School. Knight…
Frank Plumpton Ramsey, 1903-1930, was an English mathematician who applied his knowledge and interest to the disciplines of philosophy and economics, resulting in remarkable contributions. Regarding his works on Economics, he produced three master pieces which were, however, disregarded for…
Friedrich August von Hayek, 1899-1992, was an Austrian-Hungarian economist, philosopher and Professor from 1931 to 1950 at the London School of Economics and from 1950 to 1962 at the University of Chicago. He won the
Friedrich Freiherr von Wieser, 1851-1926, is one of the founding trio of the Austrian school along with Carl Menger and Böhm-Bawerk. He taught in the largest Austrian universities, mainly in…
Gary Stanley Becker, born in 1930, is an American economist and Professor at the University of Chicago where he teaches economics and sociology. He won the Nobel Prize in Economic Sciences…
George Arthur Akerlof, born in 1940, is an American economist and professor at University of California, Berkeley. He was awarded the Nobel Prize in Economic Sciences in 2001 along with Michael Spence and
George Joseph Stigler, 1911-1991, was an American economist and Professor at Brown University, Columbia and University of Chicago. Furthermore, and regarding the University of Chicago, he stands out as one of the most prominent members of the
Gérard Debreu, 1921-2004, was a French economist, mathematician and Professor of Economics at the University of California, Berkley. He was the winner of the Nobel Prize in Economic Sciences in 1983, for including new analytical methods into economic…
Gottfried von Haberler, 1900-1995, was an Austrian-American economist that specially known for his original contribution in the fields of international trade and business cycles.
He studied at the University of Vienna…
Nicholas Gregory Mankiw, born in 1958, is an American economist and professor of Economics at Harvard University.
Mankiw has stood out as a well-known writer, whose best-selling and intermediate-level textbooks of economics, “Principles of Economics” and “Macroeconomics”, 2006, have sold over a…
Harold Hotelling, 1895-1973, was an American statistician and an important economic theorist. He was Associate Professor at Stanford University and Professor at Columbia University and the University of North Carolina at Chapel Hill. Amongst his pupils we can highlight Harry Markowitz
Harry Markowitz, born in 1927, is an American Economist and Professor of Finance at the University of California, San Diego. He is one of the many disciples that the renowned Chicago School has given. Due…
Heinrich von Stackelberg, 1905-1946, was a German neoclassical economist who contributed to many economic fields such as game theory and the study of market structures.
In his “Market Structure and Equilibrium”,…
Hermann Heinrich Gossen, 1810 -1858, was a Prussian economist who also served as a public servant in the Prussian administration. Although he only wrote one book, that was also practically ignored until first Jevons and after Walras came across it, he became one…
Irving Fisher was an American economist (1867-1947), professor of Political Economy at Yale University, known for his contributions to quantitative economics (works such as “The Nature of Capital and Income”, 1906, and “The Purchasing Power of Money”, 1911) and especially…
James Tobin, an American economist (1918-2002), and follower of Neo-Keynesian economics, thought that government intervention was necessary in order to stabilize the economy and to avoid recessions. He received the Nobel Prize in Economic…
Jean Baptiste Say, 1767-1832, was a French economist and businessman, and considered as the French disciple of Adam Smith and one of the exponents of mercantilism and classical economics.
Say’s chief…
Jeremy Bentham, 1748-1832, was a British jurist, philosopher and economist and he is also considered as a spiritual founder of the University College London. Bentham was tutor to John Stuart Mill as a personal favour to his…
Joan Violet Robinson, 1903-1983, was a British economist and Professor at Cambridge University, and belonged to the Post-Keynesian doctrine. She was recognized as a contributor to Keynes‘ famous “The General Theory of Employment, Interest and…
Joe Staten Bain, 1912-1991, was an American economist. He spent his whole career as a Professor at the University of California at Berkeley, although he obtained his Doctorate in Harvard under Joseph Schumpeter.
He was a prolific and…
Keynes was a British economist (1883-1946), son of the economist and methodologist John Neville Keynes. J. M. Keynes first gained notoriety with his work during the Versailles Peace Conference, when he cleverly proposed in his book “The Economic…
John Forbes Nash (1928-2015) was an American mathematician that was Professor at Princeton University. In 1994 he received the Nobel Prize in Economic Sciences along with John Harsanyi and Reinhard Selten, for their works regarding John Richard Hicks
John R. Hicks was a British economist (1904-1989), professor at the London School of Economics, Cambridge University and University of Oxford. He took special interest on issues concerning microeconomics,…
John S. Mill was an English economist, (1806-1873), son of the also economist James Mill, who gave him a rigorous education. His “Principles of Political Economy”, which is considered one of the most important contributions made…
John von Neumann 1903-1957, was a Hungarian-born American mathematician, who made important contributions to numerous fields. Regarding economics, he is well known for his contribution to game theory and for the development, along with Joseph Bertrand Joseph Louis François Bertrand, 1822-1900, was a French mathematician and economist who was Professor at the École Polytechnique and a member of the Collège de France. With regards to economics, Bertrand is mostly known for reviewing the articles “Théorie mathématique de…
Joseph Kitchin, 1861-1932, was a British statistician and businessman. In his “Cycles and Trends in Economic Factors”, 1923, he carried out a study on business cycles, in Britain and in the United States, between 1890-1922. Kitchin was able to identify evidences of the existence of very…
Joseph Alois Schumpeter, 1883-1950, was an Austrian-American economist and political scientist. While studying at the University of Vienna, Schumpeter was disciple of the Austrian economists von Wieser and Böhm-Bawerk. Later he became Professor…
Joseph Eugene Stiglitz, born in 1943, is an American economist and could be consider as a supporter New Keynesian Economics. In 2001, jointly with George A. Akerlof and Michael Spence, he…
Karl Marx was a German politician, philosopher, economist, and sociologist (1818-1883). He studied law and it was in his famous “Thesis on Feuerbach”, where he formulated the proposition that the philosopher must not be contented with the contemplation of…
Kenneth Joseph Arrow, born in 1921, is an American economist and Professor at Stanford University. In 1972 he was granted the Nobel Prize of Economic Sciences along with John Hicks for their pioneer contributions…
Johan Gustav Knut Wicksell, 1851-1926, was a Swedish economist and Professor at Lund University. He is considered one of the most important founders of the school of Stockholm.
In his most influential contribution, “Interest and Prices”, 1898, Wicksell made the differentiation…
Lawrence Robert Klein, born in 1920, is an American Economist and was Professor at the Wharton School of the University of Pennsylvania. In 1980 he was awarded the Nobel Prize in Economic Sciences, for the creation of…
Léon Walras, a French economist (1834-1910), is considered, along with W. S. Jevons and Carl Menger, a co-founder of marginalism and theory of utility. He is regarded as the…
Leonard Jimmie Savage, 1917-1971, was an American mathematician specialised in statistics, and was a Professor at the University of Michigan and Yale University. He also worked in some statistics research institutes at different American universities.
In Savage’s most famous work “Foundations…
Ludwig Heinrich Edler von Mises, 1881-1973, was an Austrian economist and Professor at the universities of Vienna, Geneva and New York. Mises greatly contributed to neoclassical economics and was one of the leaders of the Marcus Fleming
John Marcus Fleming, 1911-1976, was a Scottish economist and public servant who worked in many well-known international organizations, including the International Monetary Fund and the United Nations. His contributions to Economics are mostly in the field of
Maurice Félix Charles Allais, 1911-2010, was a French economist, physicist and Professor of Economics at the École Nationale Supérieure des Mines de Paris (Mines ParisTech). His pioneer contributions to the theory of markets and to the efficient…
Merton Howard Miller, 1923-2000, was an American economist who taught at the London School of Economics, Carnegie Mellon University and lastly, and for most of his career, at the University of Chicago’s Booth School of Business….
Andrew Michael Spence, born in 1943, is an American economist and has been Professor at Harvard University and Stanford University, amongst others. He is currently a lecturer at New York University. His researches and contributions have been mainly in…
Milton Friedman, 1912-2006, was an American economist, Professor at the University of Chicago and main figure of the Chicago School. He was awarded the Nobel Prize of Economic Sciences in the year 1976 for…
Nicholas Kaldor, 1908-1986, was a Hungarian born, British economist. He graduated from the London School of Economics and Political Science in 1930, and was there where he taught until 1947. Keynesianism influenced many of his ideas, especially…
Nikolai Dmitrievich Kondratiev, 1892-1938, was a Russian economist and founder and first director of The Institute of Conjecture between 1920 and 1928.
Kondradiev is mainly known for his studies on business cycles, specially for his major work “The…
Oliver Eaton Williamson, born in 1932, is an American Economist and has been a Professor at the University of Pennsylvania, Yale University and the University of California, Berkeley. In year 2009 he was awarded the Nobel Prize in…
Oskar Morgenstern 1902-1977, was a German born, American economist. He was Professor of Economics first in the University of Vienna and after at Princeton University. His most important contribution to economics was his joint development of expected…
Paul Robin Krugman is an American economist born in 1953, who is identified with the New Keynesian Economics theories. He is an experimented lecturer and is actually working as Professor at Princeton University teaching both Economics and…
Paul Anthony Samuelson, 1915-2009, was an American economist and Professor at the Massachusetts Institute of Technology. He was the first American to win the Nobel Prize in Economic Sciences, in 1970; he was granted this…
Richard George Lipsey is a Canadian economist born in 1928, who has been Professor at Simon Fraser University for most of his academic career. He has also held professorial posts at the London School of Economics, Essex University and Queen’s…
Robert Giffen, 1837-1910, was a Scottish economist and statistician who also had a great reputation in the fields of finance and taxation. He also participated in the editing process in numerous publication, such as the Daily News, The Economist and The…
Robert Emerson Lucas, Jr., born in 1937, is an American economist and Professor at the University of Chicago. For many, Lucas is probably one of the most notable economists of all times and one of…
Robert Mundell (born in 1932) is a Canadian economist and professor at Columbia University. He won the Noble Prize in Economic Sciences in 1999 for his theory in optimum currency areas, which focuses on a series of…
Robert Merton Solow, born in 1924, is an American economist, pupil of Wassily Leontief, and Professor at the Massachusetts Technological Institute (MIT). We can identify Solow as a supporter of the Neo-Keynesian ideas and a great user…
Ronald Harry Coase, 1910-2013, was a British Economist and Professor Emeritus of Economics at the University of Chicago, where he also held the direction of the magazine “Journal of Law and Economics” from 1964 to 1982. Coase was awarded the
Roy Forbes Harrod, 1900-1978, was an English economist, friend and a follower of John Maynard Keynes. He published a wide variety of economic papers, many of which were on Simon Kuznets
Simon Smith Kuznets, 1901-1985, was a Russian born American economist, Professor at Harvard University. His main works were related with the economic growth of nations. He won the Nobel Prize in Economic Sciences in 1971. Kuznets was…
Thomas Bayes, 1702-1761, was an English mathematician and reverend at the Presbyterian church. Nevertheless, his mathematical theorems on subjective probability have been very valuable and have had a great repercussion in science, economics and law.
He developed the Bayes’ theorem which is…
Malthus was an English reverend (1766-1843), who in his book “An Essay on the Principles of Population,” wrote an argument against his contemporary Mr. Godwin, who believed in unlimited population growth. Malthusian population…
Thomas John Sargent, born in 1943, is an American economist who has been deeply involved in the new classical macroeconomics, researching the fields of macroeconomics, monetary economics and time…
Tjalling Charles Koopmans, 1910-1985, was an American, Dutch born, economist and Professor at the University of Chicago, from 1946 to1955, and at Yale University, since 1955. Koopmans is mostly known for his theoretical developments in the field of econometrics,…
Pareto was an economist and sociologist of Italian origin, born in Paris (1848-1923), who taught at the University of Lausanne, as well as previously did his mentor, Léon Walras. They both were part of…
Wassily Leontief, 1906-1999, was a Russian economist, naturalized an American citizen. He was Professor at the University of Kiel, Harvard University and New York University consecutively. He was awarded the Noble Prize in Economic Sciences in the…
William Forsyth Sharpe, born in 1934, is an American economist and Professor of Finance at Stanford University. In 1990 he won the Nobel Prize in Economic Sciences along with Harry Markowitz and
Jevons was a British economist (1835-1882), who is considered, along with Carl Menger and M.-E.-L. Walras, a co-founder of marginalism and theory of utility. Jevons is the…
William Spencer Vickrey, 1914-1996, was a Canadian economist settled in the United States and Professor of economics at Columbia University. He shared the Nobel Prize in Economic Sciences in 1996 with the Scottish economist James Mirrlees, for…