BUSINESS ENGLISH 1, 2009/10, PE6 TEAM: NO NAME ŽELJKA LISEC, KATARINA LOVRIĆ, ANA LOVRIĆ, MARITA LASIĆ Famous economists.

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BUSINESS ENGLISH 1, 2009/10, PE6 TEAM: NO NAME ŽELJKA LISEC, KATARINA LOVRIĆ, ANA LOVRIĆ, MARITA LASIĆ Famous economists

The beginnings Economic schools Economists today

The beginnings The Bible St. Thomas Aquinas Mercantilists

The Classical School Adam Smith 1723 – 1790 An Inquiry into the Nature and Causes of the Wealth of Nations “invisible hand”

The classical school David Ricardo 1772 – 1823 Principles of Political Economy and Taxation The Theory of Comparative Advantage

Socialism Karl Marx 1818 – 1883 Capital Classless society

Neoclassical School John Maynard Keynes 1883 – 1946 The General Theory of Employment, Interest and Money “visible hand”

Paul Samuelson William Nordhaus Economists today

Sources Njavro, Arbanas: Gospodarstvo – pregled ekonomske misli Samuelson, Nordhaus: Economics

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