Top 5 most influential British economists
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(written by Rustin' Thrugel)
1. Adam Smith
Revolutionised economics by writing ‘The Wealth of Nations’ in 1776. He is still revered today as father of economics, political economist and moral philosopher. Smith taught that pursuit of individual self-interest acts as an invisible hand to contribute to the common good.
2.John Maynard Keynes
Father of Keynesian economics. He introduced modern macro-economics in both theory and policy to the world. Keynes died in 1946, but is still intensely debated today.
3.David Forbes Hendry
Over five decades Professor Hendry has developed macroeconomic models capturing how economies work, which are now embedded in software widelyused by policymakers and decision-makers.
4.John Locke
A pioneer in discussing the accumulation of private property (within God’s laws) in the mid 1600’s.
5.David Ricardo
Major writer in the early 1800’s on free trade (specialization and comparative advantage) and the rise of capitalism.