Jeremy Bentham 1748-1832 Jeremy Bentham was a British economist, philosopher eccentric and founder of University College, London; educated at Westminster School and Queen’s College, Oxford. His books, Defense of Usury (1787), Principles and Morals of Legislation (1823) and Manual of Political Economy (1825) all extol the classical liberal tradition of laissez-faire. Bentham is best known […]

Francis Bator Born 1925 Francis Bator was a Hungarian-born graduate of MIT Bator became Special Assistant for National Security to the president of the United States, a member of the senior staff of the National Security Council, and Senior Economics Adviser to the State Department. He is now Professor of Political Economy at Harvard. His […]

Kenneth Joseph Arrow Born 1921 Kenneth Joseph Arrow was the 1972 Nobel Prize winner in economics, Kenneth Arrow began his academic career on the research staff of the Comles Commission in Chicago and later taught at Stanford and Harvard. He has done much important work on economic equilibrium analysis, applying the mathematical theory of convex […]

Saint Thomas Aquinas 1225-1274 Saint Thomas Aquinas was a great thinker and a remarkable medieval theologian. Thomas, a native of Naples, gained his doctorate at Paris under Alberthus Magnus and later taught at various European universities. His most famous work was his 20 volume Summa Theologica. In this, he expresses his concern with the concept […]

Sir Roy George Douglas Allen (1906-1983) Sir Roy George Douglas Allen was a statistician, economist and mathematician, Professor Allen studied at Sydney, Sussex, Cambridge, before being appointed as a lecturer in the London School of Economics in 1928. During the Second World War, he was made Director of Records and Statistics of the British Supply […]

Irma Adelman Born 1930 Irma Adelman was a Romanian by birth, Professor Adelman was educated in the US, gaining a Ph.D. in economics in 1955. She lectured both at Stanford and the University of Maryland before publishing her empirical work, ‘Theories of economical growth and development.’ In this, she emphasizes that under-development needs to be […]

Adelman, Irma – Born 1938 Allen, Sir Roy George Douglas – Born 1906  Aquinas, Saint Thomas – 1225-1274 Arrow, Kenneth Joseph – Born 1921 Bagehot, Walter – 1826-1877 Bator,Francis – Born 1925 Bentham, leremy – 1748-1832 Beveridge, William Henry, Lord – 1876-1963 Bahm-Bawerk, Eugen von – 1851-1914 Boulding, Kenneth E – Born 1910 Bowley, Sir […]

Frank William Taussig (1839-1940) Frank William Taussig was an American economist, spent his academic life teaching at Harvard. Between 1917 and 1919 he chaired the US Tariffs Commission. Important books are Tariff History of the United States (1888), Wages and Capital (1896), Principles of Economics (1911), and International Trade. His work shows influences from Ricardo […]

 Socialism Socialism, economic and social doctrine, political movement inspired by this doctrine, and system or order established when this doctrine is organized in a society. The socialist doctrine demands state ownership and control of the fundamental means of production and distribution of wealth, to be achieved by reconstruction of the existing capitalist or other political […]

The Physiocrats Physiocracy is the term applied to a school of economic thought that suggested the existence of a natural order in economics, one that does not require direction from the state for people to be prosperous. The leader of the physiocrats, the economist Franois, set forth the basic principles in his Tableau conomique (1758), […]