Economic History

History of Economics tweets.

[Economic History @EconoHistory]

Adam Smith (1723-1790) wrote The Wealth of Nations, considered his magnum opus and the first modern work of economics.

[Economic History @EconoHistory]

... brought up to date and tested by comparison with statistics of prices.

[Economic History @EconoHistory]

The Essays in Political Economy, Theoretical and Applied contain the essays towards a solution of the gold question ...

[Economic History @EconoHistory]

John Cairnes (1823–1875) was "last of the classical economists".

[Economic History @EconoHistory]

Kenneth Arrow (1921-2017) most significant works are his contributions to social choice theory, notably "Arrow's impossibility theorem"

[Economic History @EconoHistory]

Schumpeter's most popular book in English is probably Capitalism, Socialism and Democracy.

[Economic History @EconoHistory]

William Baumol (1922-2017) wrote extensively about labor market and other economic factors that affect the economy.

[Economic History @EconoHistory]

Gary Becker (1930-2014) was one of the first economists to branch into what were traditionally considered topics belonging to sociology

[Economic History @EconoHistory]

which summarised a Keynesian view of macro. His book Value and Capital (1939) significantly extended general-equilibrium and value theory.

[Economic History @EconoHistory]

The most familiar of his many contributions is statement of consumer demand theory in microeconomics, and the IS/LM model

[Economic History @EconoHistory]

Sir Richard Hicks (1904 – 1989) was considered one of the most important and influential economists of the twentieth century.

[Economic History @EconoHistory]

Yellen is married to George Akerlof, a Nobel prize-winning economist, professor at Georgetown University.

[Economic History @EconoHistory]

She is a Keynesian economist and advocates the use of monetary policy in stabilizing economic activity over the business cycle.

[Economic History @EconoHistory]

Janet Yellen (b. 1946) is the Chair of the Board of Governors of the Federal Reserve System

[Economic History @EconoHistory]

Defined by Kenneth Arrow .

[Economic History @EconoHistory]

Discrimination is "the valuation in the market place of personal characteristics of the worker that are unrelated to worker productivity."

[Economic History @EconoHistory]

Arthur Laffer (1940) is best known for the Laffer curve: somewhere in between 0% and 100% is a tax rate which maximizes total revenue

[Economic History @EconoHistory]

Abba P. Lerner (1903–1982) improved a formula of Alfred Marshall, which is known since as the Marshall–Lerner condition.

[Economic History @EconoHistory]

Alfred Marshall (1842–1924)
Elements of economics of industry, 1892

[Economic History @EconoHistory]

Robert Barro (b. 1944) is considered one of the founders of new classical macroeconomics, along with Robert Lucas, Jr. and Thomas Sargent.

[Economic History @EconoHistory]

Arthur Okun (1928–1980) is known in particular for promulgating Okun's law, an observed relationship in the unemployment rate and GDP